Equities research analysts expect Callon Petroleum (NYSE:CPE) to post $132.31 million in sales for the current quarter, according to Zacks. Twelve analysts have made estimates for Callon Petroleum’s earnings. The highest sales estimate is $139.20 million and the lowest is $119.53 million. Callon Petroleum reported sales of $82.28 million in the same quarter last year, which indicates a positive year-over-year growth rate of 60.8%. The company is expected to issue its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Callon Petroleum will report full-year sales of $556.24 million for the current financial year, with estimates ranging from $525.09 million to $588.12 million. For the next year, analysts expect that the firm will report sales of $726.73 million per share, with estimates ranging from $651.30 million to $756.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Callon Petroleum.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Callon Petroleum had a return on equity of 5.98% and a net margin of 31.28%. The business had revenue of $118.21 million during the quarter, compared to analyst estimates of $109.95 million.
Large investors have recently made changes to their positions in the stock. Miller Investment Management LP purchased a new stake in Callon Petroleum in the 1st quarter worth approximately $132,000. Virtu Financial LLC purchased a new position in shares of Callon Petroleum during the fourth quarter valued at approximately $151,000. MHI Funds LLC purchased a new position in shares of Callon Petroleum during the fourth quarter valued at approximately $161,000. Cubist Systematic Strategies LLC boosted its position in shares of Callon Petroleum by 175.9% during the first quarter. Cubist Systematic Strategies LLC now owns 14,654 shares of the oil and natural gas company’s stock valued at $194,000 after buying an additional 9,343 shares during the period. Finally, Zeke Capital Advisors LLC purchased a new position in shares of Callon Petroleum during the first quarter valued at approximately $207,000.
Shares of Callon Petroleum traded down $0.49, hitting $13.60, on Tuesday, according to MarketBeat Ratings. The company’s stock had a trading volume of 234,378 shares, compared to its average volume of 4,329,617. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.62 and a current ratio of 0.62. Callon Petroleum has a fifty-two week low of $13.38 and a fifty-two week high of $13.66. The firm has a market capitalization of $2.75 billion, a PE ratio of 32.39, a P/E/G ratio of 0.33 and a beta of 1.20.
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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