Somewhat Negative Media Coverage Very Likely to Affect Callon Petroleum Company (CPE) Stock Price

News headlines about Callon Petroleum Company (NYSE:CPE) have been trending somewhat negative recently, Alpha One Sentiment reports. The research group, a service of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Callon Petroleum Company earned a media sentiment score of -0.01 on Alpha One’s scale. Alpha One also gave media headlines about the oil and natural gas company an impact score of 85 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.

Here are some of the media headlines that may have effected AlphaOne’s analysis:

Shares of Callon Petroleum Company (NYSE:CPE) traded up 0.61% during midday trading on Friday, reaching $11.57. 3,190,290 shares of the company’s stock traded hands. Callon Petroleum Company has a one year low of $9.89 and a one year high of $18.53. The company’s market capitalization is $2.33 billion. The company has a 50-day moving average of $12.32 and a 200-day moving average of $14.38.

Callon Petroleum Company (NYSE:CPE) last announced its earnings results on Monday, February 27th. The oil and natural gas company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.02. The firm earned $69.10 million during the quarter, compared to the consensus estimate of $72.03 million. Callon Petroleum Company had a positive return on equity of 4.44% and a negative net margin of 122.93%. The business’s revenue for the quarter was up 105.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that Callon Petroleum Company will post $0.56 EPS for the current year.

A number of equities analysts have commented on CPE shares. Roth Capital set a $23.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research note on Saturday, April 1st. Scotiabank set a $18.00 price target on shares of Callon Petroleum Company and gave the stock a “buy” rating in a research note on Monday, April 3rd. Evercore ISI cut shares of Callon Petroleum Company from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $17.00 to $16.00 in a research note on Wednesday. Eurobank EFG raised shares of Callon Petroleum Company from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Thursday, April 13th. Finally, Mizuho cut their price target on shares of Callon Petroleum Company from $18.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, March 1st. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Callon Petroleum Company currently has a consensus rating of “Buy” and an average price target of $18.04.

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In other Callon Petroleum Company news, VP Jerry A. Weant sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $14.45, for a total value of $57,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.61% of the company’s stock.

Callon Petroleum Company Company Profile

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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