Callon Petroleum Company (NYSE:CPE) – Investment analysts at KeyCorp cut their Q1 2018 EPS estimates for Callon Petroleum Company in a research report issued on Wednesday. KeyCorp analyst C. Stevens now forecasts that the oil and natural gas company will post earnings of $0.22 per share for the quarter, down from their prior estimate of $0.25. KeyCorp also issued estimates for Callon Petroleum Company’s Q3 2018 earnings at $0.32 EPS and Q4 2018 earnings at $0.35 EPS.

A number of other equities analysts have also weighed in on CPE. Roth Capital set a $23.00 target price on Callon Petroleum Company and gave the stock a “buy” rating in a research note on Saturday, April 1st. EuroPacific Canada upgraded Callon Petroleum Company from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 13th. Eurobank EFG upgraded Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 13th. Stifel Nicolaus assumed coverage on Callon Petroleum Company in a research note on Wednesday, April 12th. They issued a “buy” rating and a $21.00 target price on the stock. Finally, Echelon Wealth Partners upgraded Callon Petroleum Company to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, April 13th. Four equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. Callon Petroleum Company currently has a consensus rating of “Buy” and a consensus price target of $18.04.

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

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Callon Petroleum Company (NYSE:CPE) traded up 0.52% on Thursday, reaching $11.56. The company’s stock had a trading volume of 2,583,598 shares. The firm has a 50 day moving average of $12.32 and a 200 day moving average of $14.38. The firm’s market cap is $2.32 billion. Callon Petroleum Company has a 12 month low of $9.89 and a 12 month high of $18.53.

Callon Petroleum Company (NYSE:CPE) last posted its quarterly earnings data on Monday, February 27th. The oil and natural gas company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The firm had revenue of $69.10 million for the quarter, compared to the consensus estimate of $72.03 million. Callon Petroleum Company had a positive return on equity of 4.44% and a negative net margin of 122.93%. The firm’s quarterly revenue was up 105.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS.

A number of large investors have recently modified their holdings of CPE. HAP Trading LLC acquired a new stake in Callon Petroleum Company during the third quarter valued at $1,176,000. BlackRock Group LTD boosted its stake in Callon Petroleum Company by 405.5% in the third quarter. BlackRock Group LTD now owns 426,335 shares of the oil and natural gas company’s stock valued at $6,693,000 after buying an additional 341,988 shares during the period. BlackRock Fund Advisors boosted its stake in Callon Petroleum Company by 27.5% in the third quarter. BlackRock Fund Advisors now owns 3,700,173 shares of the oil and natural gas company’s stock valued at $58,093,000 after buying an additional 797,186 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in Callon Petroleum Company during the third quarter valued at $4,023,000. Finally, Omega Advisors Inc. acquired a new stake in Callon Petroleum Company during the third quarter valued at $2,865,000. Institutional investors own 89.06% of the company’s stock.

In related news, VP Jerry A. Weant sold 4,000 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $14.45, for a total transaction of $57,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.61% of the company’s stock.

Callon Petroleum Company 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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

5 Day Chart for NYSE:CPE

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