Shaker Investments LLC OH reduced its position in shares of Callon Petroleum Company (NYSE:CPE) by 10.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,390 shares of the oil and natural gas company’s stock after selling 14,300 shares during the period. Shaker Investments LLC OH owned 0.06% of Callon Petroleum worth $1,299,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Guggenheim Capital LLC raised its stake in Callon Petroleum by 34.7% in the fourth quarter. Guggenheim Capital LLC now owns 38,171 shares of the oil and natural gas company’s stock worth $587,000 after buying an additional 9,824 shares during the period. Norges Bank purchased a new stake in Callon Petroleum during the fourth quarter worth $18,261,000. Quadrature Capital Ltd purchased a new stake in Callon Petroleum during the fourth quarter worth $658,000. Chesley Taft & Associates LLC purchased a new stake in Callon Petroleum during the first quarter worth $730,000. Finally, E&G Advisors LP raised its stake in Callon Petroleum by 1.0% in the first quarter. E&G Advisors LP now owns 52,000 shares of the oil and natural gas company’s stock worth $684,000 after buying an additional 500 shares during the period.
Callon Petroleum Company (NYSE:CPE) traded up 0.70% on Thursday, reaching $10.08. 1,811,417 shares of the company were exchanged. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 19.20 and a beta of 1.44. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $11.94. Callon Petroleum Company has a 52 week low of $9.63 and a 52 week high of $18.53.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.02. The business had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The firm’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.61) EPS. Analysts forecast that Callon Petroleum Company will post $0.52 earnings per share for the current year.
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CPE has been the topic of a number of recent analyst reports. Scotiabank reissued a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a research report on Monday, May 15th. BMO Capital Markets set a $16.00 price objective on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada set a $20.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Finally, Tudor Pickering began coverage on shares of Callon Petroleum in a research report on Tuesday, June 20th. They set a “buy” rating and a $26.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.71.
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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