Media stories about Callon Petroleum (NYSE:CPE) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news 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 0.11 on Accern’s scale. Accern also gave headlines about the oil and natural gas company an impact score of 46.5379163006721 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Head-To-Head Review: Callon Petroleum (CPE) vs. EOG Resources (EOG) (americanbankingnews.com)
- Volatile Stock to Watch: Callon Petroleum Company (NYSE: CPE) – Alpha Beta Stock (alphabetastock.com)
- Callon Petroleum Company (CPE) Rating Increased to Buy at Mizuho (americanbankingnews.com)
- Which Energy Stocks Underperformed Weak Oil Last Week? (marketrealist.com)
- ETFs with exposure to Callon Petroleum Co. : November 20, 2017 (finance.yahoo.com)
Several equities research analysts have recently commented on CPE shares. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Tuesday. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Northland Securities restated a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Bank of America Corporation started coverage on Callon Petroleum in a research note on Monday, October 16th. They set a “buy” rating for the company. Finally, Jefferies Group LLC started coverage on Callon Petroleum in a research note on Monday, October 9th. They set a “buy” rating and a $16.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $17.50.
Callon Petroleum (NYSE CPE) traded up $0.16 on Wednesday, hitting $10.31. The company had a trading volume of 5,390,000 shares, compared to its average volume of 4,997,809. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,048.64, a price-to-earnings ratio of 28.19 and a beta of 1.38. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $18.53.
Callon Petroleum (NYSE:CPE) last released its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same quarter last year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 51.3% compared to the same quarter last year. research analysts forecast that Callon Petroleum will post 0.4 earnings per share for the current fiscal year.
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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