Opinion

Callon Petroleum Company (NYSE:CPE) Analyst Estimates

Callon Petroleum Company (NYSE:CPE) stock is presently standing at about $11.60 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 26 analysts covering the company is $19.00, which suggests the stock could still rise over 39 percent. The highest analyst price target is $26.00, which implies a rally of -24 percent. And a quick view of analyst notes show that 16 are rating the stock a buy while 6 rate CPE a strong buy. There are 3 equity research firms advocating a Hold and 0 consider it Sell.

Citigroup analysts provided their view on Callon Petroleum Company (NYSE:CPE) recently. The rating firm issued a Buy rating to this company in a research note released on Mar 09, 2017. Deutsche Bank analysts disclosed their opinion on Callon Petroleum Company (NYSE:CPE) recently. The rating firm gave a Buy rating to this stock in a research note published on Nov 28, 2016. According to a research note disclosed on Sep 08, 2016, analysts at RBC Capital Mkts have upped their rating on these shares from Sector Perform to Outperform.

Callon Petroleum Company (NYSE:CPE) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Vice President of Land WEANT JERRY A sold 4,000 company shares for 57800, in a transaction on 2017-02-14. Following the transaction, the Vice President of Land is left with a stake of 57,885 shares, currently valued at $671466. Meanwhile, Vice President of Land WEANT JERRY A purchased 1,000 shares worth $6000, through a transaction dated 2016-01-13. Following the completion of the transaction, the insider is left with a stake of 4,000 shares, amounting $46400. CPE Vice President of Land WEANT JERRY A also purchased 1,000 shares, at a stock price of $6.75. This transaction occurred on 2016-01-11 totals $6750. After this transaction, the insider’s stake stands at 3,000 shares, with a market value of $34800.

Executives hold 1.76 percent of the stock. Asa Bonheur is one of the biggest insider owners in Callon Petroleum Company (NYSE:CPE), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 826,693 shares which have current market value of around $9589638.8.Ganger Rolf Asa is another major inside shareholder in the company. The insider owns 744,493 shares as of 0.37%, currently worth $8636118.8. Fred L. Callon is ranked as third insider holder of the stock. This insider holds 437,720 shares with a market value around $5077552 as of recent close.

Callon Petroleum Company (NYSE:CPE) Earnings Outlook

In Callon Petroleum Company (NYSE:CPE)’s latest quarter, EPS moved to $0.08 from $0.09 in preceding quarter and revenues reached at $69.08M compared to $55.93M. Analysts had expected Callon Petroleum Company (NYSE:CPE) to post net income of about $0.10 per share on $72.04M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.06 to $0.18. That is compared with the $0.00 in EPS it reported during the same period a year ago.

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