Callon Petroleum (NYSE:CPE) – Investment analysts at Imperial Capital issued their Q1 2020 earnings per share (EPS) estimates for Callon Petroleum in a research note issued to investors on Wednesday, May 8th, according to Zacks Investment Research. Imperial Capital analyst I. Haas forecasts that the oil and natural gas company will post earnings of $0.30 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $15.00 price objective on the stock. Imperial Capital also issued estimates for Callon Petroleum’s Q2 2020 earnings at $0.30 EPS, Q3 2020 earnings at $0.32 EPS and Q4 2020 earnings at $0.36 EPS.
Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.05). Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. The firm had revenue of $161.90 million during the quarter, compared to analyst estimates of $164.50 million.
A number of other analysts have also recently weighed in on CPE. Stephens set a $11.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Capital One Financial raised shares of Callon Petroleum from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Zacks Investment Research cut shares of Callon Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, February 15th. SunTrust Banks set a $12.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, April 23rd. Finally, Williams Capital reissued a “buy” rating and set a $12.00 target price on shares of Callon Petroleum in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. Callon Petroleum currently has a consensus rating of “Buy” and an average price target of $13.63.
Shares of CPE stock traded down $0.19 during trading hours on Thursday, reaching $6.25. The stock had a trading volume of 5,482,665 shares, compared to its average volume of 7,060,171. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.55. Callon Petroleum has a twelve month low of $5.57 and a twelve month high of $13.09. The stock has a market cap of $1.42 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50.
Institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its position in shares of Callon Petroleum by 208.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 7,823,096 shares of the oil and natural gas company’s stock valued at $50,772,000 after purchasing an additional 5,285,401 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Callon Petroleum by 52.7% during the 1st quarter. Westwood Holdings Group Inc. now owns 5,591,310 shares of the oil and natural gas company’s stock valued at $42,214,000 after purchasing an additional 1,929,367 shares in the last quarter. BlackRock Inc. boosted its position in shares of Callon Petroleum by 5.2% during the 4th quarter. BlackRock Inc. now owns 26,888,623 shares of the oil and natural gas company’s stock valued at $174,508,000 after purchasing an additional 1,326,915 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Callon Petroleum by 25.4% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,264,141 shares of the oil and natural gas company’s stock valued at $40,655,000 after purchasing an additional 1,268,538 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Callon Petroleum by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 18,871,804 shares of the oil and natural gas company’s stock valued at $142,484,000 after purchasing an additional 1,050,335 shares in the last quarter.
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 and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.