CPE has been the topic of several other reports. Tudor Pickering cut shares of Callon Petroleum from a buy rating to a hold rating in a research report on Friday, December 14th. TheStreet upgraded shares of Callon Petroleum from a c+ rating to a b- rating in a research report on Monday, September 17th. Zacks Investment Research reiterated a hold rating on shares of Callon Petroleum in a research report on Monday, November 12th. Credit Suisse Group upgraded shares of Callon Petroleum from a neutral rating to an outperform rating and set a $14.00 price target on the stock in a research report on Monday, November 12th. Finally, ValuEngine upgraded shares of Callon Petroleum from a sell rating to a hold rating in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Callon Petroleum presently has an average rating of Buy and an average target price of $15.42.
Callon Petroleum stock traded up $0.05 during midday trading on Wednesday, hitting $8.60. The company’s stock had a trading volume of 360,451 shares, compared to its average volume of 7,945,489. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. Callon Petroleum has a 12 month low of $5.57 and a 12 month high of $14.65. The stock has a market cap of $1.67 billion, a PE ratio of 20.42 and a beta of 1.32.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.31%. The firm had revenue of $161.21 million for the quarter, compared to analysts’ expectations of $145.66 million. During the same period in the previous year, the business earned $0.09 earnings per share. Callon Petroleum’s revenue for the quarter was up 90.5% compared to the same quarter last year. On average, equities analysts predict that Callon Petroleum will post 0.88 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CPE. BlackRock Inc. lifted its holdings in shares of Callon Petroleum by 14.9% during the 2nd quarter. BlackRock Inc. now owns 24,830,264 shares of the oil and natural gas company’s stock valued at $266,676,000 after buying an additional 3,218,124 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in Callon Petroleum by 54.2% in the 2nd quarter. Glenmede Trust Co. NA now owns 5,543,836 shares of the oil and natural gas company’s stock worth $59,541,000 after purchasing an additional 1,949,736 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Callon Petroleum in the 2nd quarter worth approximately $13,964,000. Bank of America Corp DE lifted its holdings in Callon Petroleum by 82.7% in the 2nd quarter. Bank of America Corp DE now owns 2,549,248 shares of the oil and natural gas company’s stock worth $27,378,000 after purchasing an additional 1,154,261 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Callon Petroleum by 21.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,187,203 shares of the oil and natural gas company’s stock worth $66,452,000 after purchasing an additional 1,095,098 shares during the last quarter.
Callon Petroleum Company Profile
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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