Economy

Callon Petroleum Company (CPE) Posts Earnings Results

BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company's stock valued at $159,259,000 after purchasing an additional 12,089,389 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: "Parkwood LLC Has $970,000 Holdings in Callon Petroleum Company (CPE)" was originally reported by StockNewsTimes and is owned by of StockNewsTimes. The legal version of this piece can be read at https://www.truebluetribune.com/2017/11/06/brokers-set-expectations-for-callon-petroleum-companys-fy2019-earnings-cpe.html. Next year this decline will reach -77.78% to attain -$0.02. Its down 0.03, from 1.76 in 2017Q1. State Street Corp reported 0.01% of its portfolio in Callon Petroleum Company (NYSE:CPE). Cardinal Mngmt Ltd Ct invested in 4.26 million shares or 1.79% of the stock. 33 funds opened positions while 128 raised stakes. FFT Wealth Management LLC bought a new stake in shares of Callon Petroleum in the second quarter valued at approximately $113,000.

Callon Petroleum Company is an independent oil and natural gas company. Selz Llc holds 0.21% or 70,000 shares. Td Asset Management Inc invested 0.01% in Callon Petroleum Company (NYSE:CPE). Green Square Ltd Liability Co stated it has 0.03% of its portfolio in Callon Petroleum Company (NYSE:CPE). The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.41 and a current ratio of 1.41. Fulton Breakefield Broenniman Limited Liability Company has 0.98% invested in Facebook Inc (NASDAQ:FB) for 36,386 shares. The South Carolina-based Greenwood Capital Associates Limited Liability has invested 0.09% in Callon Petroleum Company (NYSE:CPE). Efg Asset Management (Americas) Corp, Florida-based fund reported 29,176 shares. 12,498 are held by Raymond James Advsr Incorporated.

Discovery Capital Management Llc, which manages about $37.50B and $4.12 billion US Long portfolio, upped its stake in Huntington Ingalls Inds Inc (NYSE:HII) by 260,408 shares to 576,347 shares, valued at $107.29 million in 2017Q2, according to the filing.

Several other research firms have also recently commented on CPE.

SunTrust Banks lifted their FY2019 EPS estimates for Callon Petroleum in a note issued to investors on Tuesday, according to Zacks Investment Research. If the published price targets set by Callon Petroleum Company analysts have any power to influence the stock's share price, the highest price target set for CPE is $22. Finally, 1st Global Advisors Inc. boosted its holdings in Callon Petroleum by 6.0% in the 2nd quarter. Also Prnewswire.com published the news titled: "Callon Petroleum Company Schedules Third Quarter 2017 Conference Call for ..." on October 11, 2017.

Among 3 analysts covering Schaltbau (ETR:SLT), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 90% are positive. Canaccord Genuity raised their target price on shares of Callon Petroleum from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, September 8th. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the company a "buy" rating in a report on Tuesday, October 10th. They issued a "neutral" rating and a $16.00 target price for the company. NBL has risen 2.44% in the 1-month period. The rating was upgraded by DZ-Bank AG on Wednesday, October 28 to "Buy". Northland Securities reiterated a "buy" rating and issued a $18.00 target price on shares of Callon Petroleum in a research note on Wednesday, November 1st. Advisory Research reported 179,024 shares. The stock presently has an average rating of "Buy" and a consensus price target of $17.50. The company was initiated on Thursday, October 6 by Mizuho. Nasdaq.com's article titled: "Dril-Quip (DRQ) Q3 Earnings Beat Estimates, Decline Y/Y" and published on October 30, 2017 is yet another important article. Addison Cap Co has 1.19% invested in Facebook Inc (NASDAQ:FB) for 9,853 shares.

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