Callon Petroleum (NYSE:CPE) – Research analysts at Capital One Financial upped their Q2 2018 earnings estimates for shares of Callon Petroleum in a research report issued on Thursday, April 12th. Capital One Financial analyst P. Johnston now anticipates that the oil and natural gas company will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.20.

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Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The company had revenue of $118.21 million for the quarter, compared to analysts’ expectations of $109.95 million. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%.

Other equities research analysts have also recently issued research reports about the company. Jefferies Group set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Wednesday, March 14th. SunTrust Banks set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Monday. Piper Jaffray reaffirmed a “buy” rating and set a $16.00 price target on shares of Callon Petroleum in a report on Thursday, March 15th. B. Riley set a $12.00 price target on Callon Petroleum and gave the company a “hold” rating in a report on Friday, March 9th. Finally, Deutsche Bank began coverage on Callon Petroleum in a report on Thursday, February 1st. They set a “buy” rating and a $15.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. Callon Petroleum currently has an average rating of “Buy” and an average target price of $16.42.

CPE opened at $13.27 on Monday. The company has a market cap of $2,649.45, a PE ratio of 31.60 and a beta of 1.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $13.43.

A number of institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund grew its position in Callon Petroleum by 3.4% in the fourth quarter. Texas Permanent School Fund now owns 136,434 shares of the oil and natural gas company’s stock worth $1,658,000 after buying an additional 4,465 shares during the last quarter. Aperio Group LLC grew its position in Callon Petroleum by 7.8% in the fourth quarter. Aperio Group LLC now owns 77,418 shares of the oil and natural gas company’s stock worth $941,000 after buying an additional 5,625 shares during the last quarter. ING Groep NV grew its position in Callon Petroleum by 23.7% in the fourth quarter. ING Groep NV now owns 30,455 shares of the oil and natural gas company’s stock worth $370,000 after buying an additional 5,833 shares during the last quarter. California Public Employees Retirement System grew its position in Callon Petroleum by 0.9% in the third quarter. California Public Employees Retirement System now owns 633,800 shares of the oil and natural gas company’s stock worth $7,124,000 after buying an additional 5,900 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Callon Petroleum by 18.0% in the fourth quarter. Brown Advisory Inc. now owns 45,348 shares of the oil and natural gas company’s stock worth $551,000 after buying an additional 6,906 shares during the last quarter.

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Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

Earnings History and Estimates for Callon Petroleum (NYSE:CPE)

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