Callon Petroleum (NYSE:CPE) Receiving Somewhat Positive Media Coverage, Study Finds

News stories about Callon Petroleum (NYSE:CPE) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Callon Petroleum earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the oil and natural gas company an impact score of 46.6287156121687 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:

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CPE has been the topic of a number of analyst reports. Citigroup lowered Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, January 3rd. B. Riley initiated coverage on Callon Petroleum in a research note on Monday, February 5th. They set a “neutral” rating and a $11.75 price objective on the stock. Imperial Capital reiterated an “outperform” rating and set a $21.00 price objective (up from $17.00) on shares of Callon Petroleum in a research note on Thursday, March 1st. Mizuho set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus set a $20.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $16.41.

Shares of NYSE:CPE traded up $0.74 during midday trading on Friday, reaching $13.24. The stock had a trading volume of 5,470,232 shares, compared to its average volume of 4,339,042. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $13.92. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2,673.68, a P/E ratio of 31.52 and a beta of 1.19.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. Callon Petroleum had a return on equity of 5.02% and a net margin of 32.86%. The firm had revenue of $118.21 million during the quarter, compared to analysts’ expectations of $109.95 million. equities research analysts predict that Callon Petroleum will post 0.87 EPS for the current year.

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Callon Petroleum Company Profile

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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