Callon Petroleum (CPE) to Post Q1 2018 Earnings of $0.11 Per Share, Imperial Capital Forecasts

Callon Petroleum (NYSE:CPE) – Research analysts at Imperial Capital dropped their Q1 2018 earnings per share (EPS) estimates for Callon Petroleum in a research report issued on Tuesday. Imperial Capital analyst I. Haas now forecasts that the oil and natural gas company will earn $0.11 per share for the quarter, down from their previous forecast of $0.12. Imperial Capital currently has a “Outperform” rating and a $16.00 target price on the stock. Imperial Capital also issued estimates for Callon Petroleum’s Q2 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.13 EPS and Q4 2018 earnings at $0.16 EPS.

Several other analysts also recently issued reports on the company. Northland Securities set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Monday, August 21st. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, October 10th. Bank of America initiated coverage on Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating for the company. Jefferies Group initiated coverage on Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Scotiabank set a $16.00 price target on Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $17.43.

Callon Petroleum (CPE) traded down $0.61 during mid-day trading on Wednesday, hitting $10.76. The stock had a trading volume of 6,093,900 shares, compared to its average volume of 4,980,200. The firm has a market cap of $2,294.88, a P/E ratio of 31.58 and a beta of 1.33. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $18.00.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share.

Several institutional investors have recently made changes to their positions in the company. ETRADE Capital Management LLC lifted its position in shares of Callon Petroleum by 0.6% during the second quarter. ETRADE Capital Management LLC now owns 42,015 shares of the oil and natural gas company’s stock worth $446,000 after purchasing an additional 239 shares during the last quarter. Hodges Capital Management Inc. lifted its position in shares of Callon Petroleum by 0.5% during the second quarter. Hodges Capital Management Inc. now owns 61,300 shares of the oil and natural gas company’s stock worth $650,000 after purchasing an additional 300 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Callon Petroleum by 2.0% during the second quarter. Teacher Retirement System of Texas now owns 16,367 shares of the oil and natural gas company’s stock worth $174,000 after purchasing an additional 317 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Callon Petroleum by 2.6% during the second quarter. Blair William & Co. IL now owns 26,138 shares of the oil and natural gas company’s stock worth $277,000 after purchasing an additional 670 shares during the last quarter. Finally, Renaissance Group LLC lifted its position in shares of Callon Petroleum by 2.4% during the second quarter. Renaissance Group LLC now owns 28,366 shares of the oil and natural gas company’s stock worth $301,000 after purchasing an additional 676 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This report was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.com-unik.info/2017/12/07/callon-petroleum-cpe-to-post-q1-2018-earnings-of-0-11-per-share-imperial-capital-forecasts.html.

About Callon Petroleum

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.

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

What are top analysts saying about Callon Petroleum? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Callon Petroleum and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit