Callon Petroleum (CPE) Set to Announce Quarterly Earnings on Tuesday

Callon Petroleum (NYSE:CPE) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, August 6th. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $137.10 million during the quarter, compared to analyst estimates of $133.66 million. Callon Petroleum had a net margin of 31.27% and a return on equity of 7.25%. The firm’s revenue for the quarter was up 66.6% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. On average, analysts expect Callon Petroleum to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Callon Petroleum stock opened at $9.60 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 22.86 and a beta of 1.02. Callon Petroleum has a fifty-two week low of $9.29 and a fifty-two week high of $14.65.

In other news, VP Mitzi P. Conn sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total value of $176,400.00. Following the sale, the vice president now directly owns 42,062 shares in the company, valued at $494,649.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is owned by corporate insiders.

CPE has been the topic of several research reports. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 target price on shares of Callon Petroleum in a report on Sunday, August 12th. Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, July 18th. Oppenheimer assumed coverage on Callon Petroleum in a research report on Wednesday, October 3rd. They issued an “outperform” rating and a $16.00 price objective on the stock. Finally, Barclays assumed coverage on Callon Petroleum in a research report on Wednesday, August 29th. They issued an “overweight” rating and a $14.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $16.15.

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. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.

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Earnings History for Callon Petroleum (NYSE:CPE)

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