Callon Petroleum Co reports results for the quarter ended in September - Earnings Summary

Callon Petroleum Co

02/11/2023 10:35

* Callon Petroleum Co  CPE.N  reported quarterly adjusted
earnings
of $1.82​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $4.04.  The mean expectation of fifteen analysts for the
quarter was for earnings of $1.82 per share. Wall Street
expected results to range from $1.60  to $2.14 per share.
    * Revenue fell 25.9% to $619.30 million from a year ago;
analysts
expected $567.54 million. 
    * Callon Petroleum Co's reported EPS for the quarter was
$1.75​.
    * The company reported quarterly net income of $119.48
million.
    * Callon Petroleum Co shares had fallen by 5.9% this
quarter and
lost 0.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
exploration and production peer group is also "buy"

Wall Street's median 12-month price target for Callon Petroleum
Co is $50.00 
This summary was machine generated from LSEG data November 2 at
10:35 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.82           1.82           Met
 Jun. 30 2023      1.76           1.99           Beat
 Mar. 31 2023      2.09           1.94           Missed
 Dec. 31 2022      3.40           3.36           Missed