Analysts predict that Callon Petroleum (NYSE:CPE) will announce earnings per share of $0.22 for the current quarter, Zacks reports. Twelve analysts have made estimates for Callon Petroleum’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.17. Callon Petroleum reported earnings per share of $0.09 during the same quarter last year, which would suggest a positive year-over-year growth rate of 144.4%. The business is expected to report its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Callon Petroleum will report full-year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.71 to $1.21. For the next fiscal year, analysts anticipate that the company will report earnings of $1.28 per share, with EPS estimates ranging from $0.85 to $1.74. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Callon Petroleum.
Callon Petroleum (NYSE:CPE) last issued its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.98% and a net margin of 31.28%. The company had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million.
Several research firms recently issued reports on CPE. SunTrust Banks restated a “buy” rating and issued a $16.00 price target on shares of Callon Petroleum in a research note on Tuesday, February 6th. Zacks Investment Research downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Jefferies Group set a $18.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Wednesday, March 14th. ValuEngine upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, KeyCorp boosted their price target on Callon Petroleum from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company’s stock. Callon Petroleum presently has a consensus rating of “Buy” and an average price target of $16.42.
Several institutional investors have recently bought and sold shares of CPE. Bank of Montreal Can raised its holdings in shares of Callon Petroleum by 17.7% during the 4th quarter. Bank of Montreal Can now owns 263,960 shares of the oil and natural gas company’s stock worth $3,206,000 after buying an additional 39,748 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Callon Petroleum by 4.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 942,655 shares of the oil and natural gas company’s stock worth $11,454,000 after buying an additional 36,961 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Callon Petroleum during the 4th quarter worth $234,000. Syntal Capital Partners LLC acquired a new position in shares of Callon Petroleum during the 4th quarter worth $16,433,000. Finally, Texas Permanent School Fund raised its holdings in shares of Callon Petroleum by 3.4% during the 4th 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 in the last quarter.
CPE traded down $0.52 during trading on Friday, hitting $13.57. The stock had a trading volume of 4,321,569 shares, compared to its average volume of 4,495,665. The company has a market capitalization of $2.74 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 0.33 and a beta of 1.20. Callon Petroleum has a one year low of $9.34 and a one year high of $14.65. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.62.
About Callon Petroleum
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.
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