Mesirow Financial Investment Management Equity Management Increases Stake in Callon Petroleum Company (NYSE:CPE)

Mesirow Financial Investment Management Equity Management boosted its stake in shares of Callon Petroleum Company (NYSE:CPE) by 10.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,372,800 shares of the oil and natural gas company’s stock after buying an additional 132,030 shares during the period. Mesirow Financial Investment Management Equity Management owned about 0.68% of Callon Petroleum worth $14,565,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Guggenheim Capital LLC raised its position in shares of 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 valued at $587,000 after buying an additional 9,824 shares during the period. Norges Bank purchased a new position in shares of Callon Petroleum during the fourth quarter valued at about $18,261,000. Chesley Taft & Associates LLC purchased a new position in shares of Callon Petroleum during the first quarter valued at about $730,000. E&G Advisors LP raised its position in shares of 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 valued at $684,000 after buying an additional 500 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Callon Petroleum by 52.0% in the first quarter. Bank of Montreal Can now owns 135,311 shares of the oil and natural gas company’s stock valued at $1,781,000 after buying an additional 46,272 shares during the period.

Shares of Callon Petroleum Company (NYSE CPE) opened at 10.16 on Friday. Callon Petroleum Company has a one year low of $9.63 and a one year high of $18.53. The company has a market capitalization of $2.05 billion, a PE ratio of 19.35 and a beta of 1.44. The stock has a 50 day moving average of $10.69 and a 200-day moving average of $11.89.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by $0.02. The company had revenue of $82.30 million during the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The business’s revenue was up 82.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.61) EPS. On average, equities analysts forecast that Callon Petroleum Company will post $0.51 earnings per share for the current fiscal year.

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Several equities analysts have recently issued reports on CPE shares. Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, April 25th. Barclays PLC started coverage on shares of Callon Petroleum in a report on Wednesday, April 26th. They issued an “overweight” rating and a $16.00 price target for the company. Roth Capital set a $23.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Wednesday, May 3rd. BMO Capital Markets set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Finally, Scotiabank reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus 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.

Institutional Ownership by Quarter for Callon Petroleum (NYSE:CPE)

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