Media coverage about Callon Petroleum (NYSE:CPE) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Callon Petroleum earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the oil and natural gas company an impact score of 46.6508286655538 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s rankings:
- Callon Petroleum Company (CPE) to Post Q3 2017 Earnings of $0.14 Per Share, Jefferies Group Forecasts (americanbankingnews.com)
- BMO Capital Markets Reaffirms “Buy” Rating for Callon Petroleum Company (CPE) (americanbankingnews.com)
- Brazos Midstream acquires natural gas gathering system in Delaware Basin (ogfj.com)
- Hot Stock in Focus: Callon Petroleum Company (NYSE: CPE) – Alpha Beta Stock (alphabetastock.com)
- ETFs with exposure to Callon Petroleum Co. : October 9, 2017 (finance.yahoo.com)
Shares of Callon Petroleum (CPE) opened at 11.29 on Wednesday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 21.50 and a beta of 1.43. Callon Petroleum has a one year low of $9.34 and a one year high of $18.53. The company has a 50 day moving average price of $10.72 and a 200 day moving average price of $11.24.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. Callon Petroleum’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.61) earnings per share. Equities analysts predict that Callon Petroleum will post $0.48 EPS for the current year.
CPE has been the subject of a number of research analyst reports. Northland Securities set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, July 17th. Citigroup Inc. reduced their target price on Callon Petroleum from $17.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, July 13th. Barclays PLC reissued a “buy” rating and issued a $14.00 target price on shares of Callon Petroleum in a report on Friday, July 7th. Scotiabank set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Tudor Pickering initiated coverage on Callon Petroleum in a report on Tuesday, June 20th. They issued a “buy” rating and a $26.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the company. Callon Petroleum has a consensus rating of “Buy” and an average target price of $17.50.
About Callon Petroleum
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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