$0.13 EPS Expected for Callon Petroleum Company (CPE)

February 14, 2018 - By Darrin Black

 $0.13 EPS Expected for Callon Petroleum Company (CPE)
Investors sentiment decreased to 1.63 in Q3 2017. Its down 0.10, from 1.73 in 2017Q2. It fall, as 32 investors sold Callon Petroleum Company shares while 62 reduced holdings. 50 funds opened positions while 103 raised stakes. 250.94 million shares or 9.25% more from 229.70 million shares in 2017Q2 were reported.
Northpointe Limited Liability Corporation holds 0.02% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 15,356 shares. The Illinois-based Citadel Advisors Ltd Liability Co has invested 0.03% in Callon Petroleum Company (NYSE:CPE). Agf Invests invested in 0.01% or 99,171 shares. Thrivent Fincl For Lutherans holds 0.04% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 1.07 million shares. Bancorp Of Ny Mellon Corp accumulated 4.88M shares. 50,000 were accumulated by Nj State Employees Deferred Compensation Plan. Redwood Limited Co holds 0.25% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 196,057 shares. Janney Montgomery Scott Limited Company holds 0% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 16,726 shares. Sei Invests Communications has invested 0% in Callon Petroleum Company (NYSE:CPE). Teton Advsrs has invested 0.26% in Callon Petroleum Company (NYSE:CPE). Ftb Advsr Inc has 0% invested in Callon Petroleum Company (NYSE:CPE) for 3,411 shares. 1,051 are held by Lenox Wealth Mgmt. Moreover, Renaissance Group Inc has 0.01% invested in Callon Petroleum Company (NYSE:CPE) for 28,369 shares. Guggenheim Capital Limited Liability has invested 0% in Callon Petroleum Company (NYSE:CPE). Legal And General Gp Public Limited Company reported 0% stake.

Analysts expect Callon Petroleum Company (NYSE:CPE) to report $0.13 EPS on February, 26.They anticipate $0.05 EPS change or 62.50 % from last quarter’s $0.08 EPS. CPE’s profit would be $26.24 million giving it 20.00 P/E if the $0.13 EPS is correct. After having $0.09 EPS previously, Callon Petroleum Company’s analysts see 44.44 % EPS growth. The stock decreased 2.89% or $0.31 during the last trading session, reaching $10.4. About 2.52M shares traded. Callon Petroleum Company (NYSE:CPE) has risen 12.29% since February 14, 2017 and is uptrending. It has underperformed by 4.41% the S&P500.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 32 analysts covering Callon Petroleum (NYSE:CPE), 26 have Buy rating, 0 Sell and 6 Hold. Therefore 81% are positive. Callon Petroleum had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Overweight” on Tuesday, October 13. Stifel Nicolaus maintained it with “Buy” rating and $1900 target in Thursday, July 13 report. As per Tuesday, October 20, the company rating was initiated by Canaccord Genuity. Cowen & Co downgraded Callon Petroleum Company (NYSE:CPE) rating on Tuesday, September 8. Cowen & Co has “Market Perform” rating and $9 target. The firm has “Outperform” rating given on Thursday, September 22 by BMO Capital Markets. The firm has “Outperform” rating given on Thursday, April 28 by iBERIA Capital Partners. The stock has “Buy” rating by Wunderlich on Thursday, May 26. The firm has “Buy” rating given on Thursday, August 24 by RBC Capital Markets. The stock has “Buy” rating by Citigroup on Friday, July 21. Imperial Capital maintained Callon Petroleum Company (NYSE:CPE) rating on Tuesday, February 9. Imperial Capital has “Outperform” rating and $10 target.

Callon Petroleum Company Inc., an independent oil and natural gas company, acquires, explores for, develops, and produces oil and natural gas properties in the Permian Basin in West Texas. The company has market cap of $2.10 billion. As of December 31, 2016, its estimated net proved reserves totaled 91.6 million barrel of oil equivalent. It has a 22.61 P/E ratio.

More recent Callon Petroleum Company (NYSE:CPE) news were published by: Prnewswire.com which released: “Callon Petroleum Company Provides Operations Update and 2018 Capital Budget” on February 01, 2018. Also Prnewswire.com published the news titled: “Callon Petroleum Company Schedules Fourth Quarter 2017 Conference Call for …” on January 18, 2018. Seekingalpha.com‘s news article titled: “Callon Petroleum: A 2018 Story?” with publication date: January 25, 2018 was also an interesting one.

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