Headlines about Callon Petroleum (NYSE:CPE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog 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 0.15 on Accern’s scale. Accern also gave media headlines about the oil and natural gas company an impact score of 47.4183473689789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern’s analysis:

A number of equities analysts recently issued reports on CPE shares. Scotiabank set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. Citigroup cut Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Wednesday, January 3rd. BMO Capital Markets set a $15.00 target price on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 10th. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, November 21st. Finally, Bank of America started coverage on Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Callon Petroleum has a consensus rating of “Buy” and an average target price of $16.65.

Callon Petroleum (CPE) traded up $0.09 during midday trading on Monday, reaching $12.91. The company had a trading volume of 3,644,500 shares, compared to its average volume of 4,420,000. The stock has a market cap of $2,610.00, a price-to-earnings ratio of 30.02 and a beta of 1.32. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $15.81. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The company had revenue of $84.60 million during the quarter, compared to analysts’ expectations of $81.98 million. Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The company’s quarterly revenue was up 51.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 earnings per share. research analysts anticipate that Callon Petroleum will post 0.4 EPS for the current fiscal year.

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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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