Callon Petroleum Co. (NYSE:CPE) – Analysts at FBR & Co increased their Q3 2016 EPS estimates for shares of Callon Petroleum in a research note issued on Monday. FBR & Co analyst C. Mabry now expects that the brokerage will earn $0.07 per share for the quarter, up from their prior estimate of $0.06. FBR & Co currently has a “Outperform” rating and a $19.00 target price on the stock. FBR & Co also issued estimates for Callon Petroleum’s Q4 2016 earnings at $0.07 EPS.
Other analysts have also recently issued research reports about the company. KLR Group started coverage on Callon Petroleum in a research report on Monday, July 11th. They set a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, June 29th. Wunderlich upped their price objective on Callon Petroleum from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Roth Capital reiterated a “buy” rating on shares of Callon Petroleum in a research report on Tuesday, July 12th. Finally, Canaccord Genuity upped their price objective on Callon Petroleum from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $15.36.
Shares of Callon Petroleum (NYSE:CPE) traded up 0.032% during mid-day trading on Thursday, hitting $15.675. The stock had a trading volume of 1,607,729 shares. The company’s market cap is $2.06 billion. Callon Petroleum has a 12 month low of $4.21 and a 12 month high of $16.03. The stock’s 50-day moving average is $14.66 and its 200 day moving average is $11.85.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.65. The business had revenue of $45.14 million for the quarter, compared to the consensus estimate of $47.75 million. Callon Petroleum had a negative net margin of 233.91% and a positive return on equity of 3.77%. The business’s revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) EPS.
Several large investors have recently modified their holdings of CPE. US Bancorp DE increased its stake in shares of Callon Petroleum by 40.4% in the second quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $107,000 after buying an additional 2,730 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Callon Petroleum during the second quarter valued at $115,000. BNP Paribas Arbitrage SA increased its stake in shares of Callon Petroleum by 119.1% in the third quarter. BNP Paribas Arbitrage SA now owns 10,301 shares of the company’s stock valued at $162,000 after buying an additional 5,600 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Callon Petroleum during the second quarter valued at $116,000. Finally, Genesee Valley Trust Co. acquired a new stake in shares of Callon Petroleum during the second quarter valued at $119,000. Hedge funds and other institutional investors own 83.09% of the company’s stock.
Callon Petroleum Company Profile
Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
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