Seaport Global Securities Weighs in on Callon Petroleum’s Q1 2018 Earnings (CPE)

Callon Petroleum (NYSE:CPE) – Stock analysts at Seaport Global Securities lifted their Q1 2018 earnings per share (EPS) estimates for shares of Callon Petroleum in a research report issued to clients and investors on Tuesday, April 3rd. Seaport Global Securities analyst M. Kelly now forecasts that the oil and natural gas company will post earnings of $0.18 per share for the quarter, up from their previous forecast of $0.15. Seaport Global Securities also issued estimates for Callon Petroleum’s FY2018 earnings at $0.85 EPS.

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Other equities research analysts have also recently issued research reports about the company. TheStreet upgraded Callon Petroleum from a “c+” rating to a “b-” rating in a research note on Wednesday. Deutsche Bank started coverage on Callon Petroleum in a research note on Thursday, February 1st. They issued a “buy” rating and a $15.00 target price on the stock. Jefferies Group restated a “buy” rating and issued a $17.00 target price on shares of Callon Petroleum in a research note on Tuesday, January 30th. Mizuho set a $15.00 target price on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Northland Securities set a $16.00 target price on Callon Petroleum and gave the company a “buy” rating in a research note on Monday, December 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $16.41.

NYSE CPE opened at $12.00 on Thursday. The company has a market capitalization of $2,491.93, a price-to-earnings ratio of 28.57 and a beta of 1.19. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $13.73.

Callon Petroleum (NYSE:CPE) last released its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. The firm had revenue of $118.21 million for the quarter, compared to analysts’ expectations of $109.95 million. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%.

Institutional investors have recently made changes to their positions in the company. Zions Bancorporation bought a new stake in shares of Callon Petroleum during the 3rd quarter worth approximately $105,000. BB&T Securities LLC acquired a new position in shares of Callon Petroleum during the 3rd quarter worth approximately $112,000. Virtu Financial LLC acquired a new position in shares of Callon Petroleum during the 4th quarter worth approximately $151,000. Crossmark Global Holdings Inc. acquired a new position in shares of Callon Petroleum during the 3rd quarter worth approximately $142,000. Finally, MHI Funds LLC acquired a new position in shares of Callon Petroleum during the 4th quarter worth approximately $161,000.

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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.

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

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