FY2017 EPS Estimates for Callon Petroleum (CPE) Increased by Analyst

Callon Petroleum (NYSE:CPE) – Stock analysts at Capital One Financial upped their FY2017 earnings estimates for shares of Callon Petroleum in a research report issued on Tuesday. Capital One Financial analyst P. Johnston now anticipates that the oil and natural gas company will earn $0.27 per share for the year, up from their previous forecast of $0.25. Capital One Financial also issued estimates for Callon Petroleum’s Q4 2017 earnings at ($0.01) EPS and FY2018 earnings at $0.85 EPS.

CPE has been the topic of several other research reports. Northland Securities restated a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research note on Wednesday, January 3rd. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, November 21st. Finally, Piper Jaffray Companies initiated coverage on Callon Petroleum in a research note on Thursday, January 4th. They set an “overweight” rating and a $15.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.39.

Callon Petroleum (NYSE:CPE) opened at $10.22 on Thursday. The company has a market capitalization of $2,060.00, a price-to-earnings ratio of 23.77 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $15.02.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in Callon Petroleum by 8.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 482,244 shares of the oil and natural gas company’s stock valued at $5,859,000 after purchasing an additional 39,549 shares during the last quarter. Advisory Research Inc. grew its stake in Callon Petroleum by 134.1% in the fourth quarter. Advisory Research Inc. now owns 851,630 shares of the oil and natural gas company’s stock valued at $10,347,000 after purchasing an additional 487,830 shares during the last quarter. Wells Fargo & Company MN grew its stake in Callon Petroleum by 9.1% in the fourth quarter. Wells Fargo & Company MN now owns 710,113 shares of the oil and natural gas company’s stock valued at $8,627,000 after purchasing an additional 59,111 shares during the last quarter. First Trust Advisors LP purchased a new position in Callon Petroleum in the fourth quarter valued at about $248,000. Finally, New Mexico Educational Retirement Board purchased a new position in Callon Petroleum in the fourth quarter valued at about $605,000.

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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)

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