Callon Petroleum (NYSE:CPE) – Analysts at Imperial Capital boosted their FY2018 earnings per share (EPS) estimates for shares of Callon Petroleum in a research note issued to investors on Thursday, November 8th. Imperial Capital analyst I. Haas now forecasts that the oil and natural gas company will post earnings per share of $0.91 for the year, up from their previous forecast of $0.84. Imperial Capital also issued estimates for Callon Petroleum’s FY2019 earnings at $1.47 EPS.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $161.21 million during the quarter, compared to analyst estimates of $145.66 million. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.60%. Callon Petroleum’s revenue was up 90.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS.
NYSE CPE opened at $10.41 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market cap of $2.36 billion, a P/E ratio of 24.79 and a beta of 1.06. Callon Petroleum has a 52 week low of $9.23 and a 52 week high of $14.65.
Large investors have recently added to or reduced their stakes in the business. First Hawaiian Bank purchased a new stake in Callon Petroleum during the 3rd quarter worth approximately $107,000. Prospera Financial Services Inc purchased a new stake in Callon Petroleum during the 2nd quarter worth approximately $113,000. Strs Ohio grew its position in Callon Petroleum by 139.0% during the 3rd quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $117,000 after purchasing an additional 5,700 shares during the last quarter. MML Investors Services LLC purchased a new stake in Callon Petroleum during the 3rd quarter worth approximately $144,000. Finally, Marietta Investment Partners LLC purchased a new stake in Callon Petroleum during the 2nd quarter worth approximately $153,000.
In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $11.76, for a total transaction of $176,400.00. Following the sale, the vice president now owns 42,062 shares of the company’s stock, valued at approximately $494,649.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.82% of the stock is currently owned by insiders.
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.
Recommended Story: Buyback For Investors Defined
Receive News & Ratings for Callon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Callon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.