Paloma Partners Management Co purchased a new position in Callon Petroleum Company (NYSE:CPE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,842 shares of the oil and natural gas company’s stock, valued at approximately $208,000.
Other large investors have also bought and sold shares of the company. State Street Corp increased its stake in Callon Petroleum by 30.5% in the first quarter. State Street Corp now owns 7,042,717 shares of the oil and natural gas company’s stock worth $92,685,000 after buying an additional 1,646,656 shares during the period. Two Sigma Securities LLC acquired a new stake in Callon Petroleum during the first quarter worth $293,000. Weiss Multi Strategy Advisers LLC acquired a new stake in Callon Petroleum during the first quarter worth $5,698,000. Oppenheimer Asset Management Inc. acquired a new stake in Callon Petroleum during the first quarter worth $818,000. Finally, Schwab Charles Investment Management Inc. increased its stake in Callon Petroleum by 24.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 833,642 shares of the oil and natural gas company’s stock worth $10,971,000 after buying an additional 163,233 shares during the period.
Callon Petroleum Company (CPE) traded up 2.21% on Friday, hitting $10.16. 2,878,706 shares of the stock traded hands. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.35 and a beta of 1.44. Callon Petroleum Company has a 1-year low of $9.63 and a 1-year high of $18.53. The stock has a 50-day moving average price of $10.69 and a 200 day moving average price of $11.89.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.02. The business had revenue of $82.30 million during the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The business’s revenue for the quarter was up 82.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.61) EPS. On average, analysts anticipate that Callon Petroleum Company will post $0.51 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on the stock. Imperial Capital assumed coverage on shares of Callon Petroleum in a research note on Tuesday. They set an “outperform” rating and a $16.00 price target for the company. BidaskClub downgraded shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research raised shares of Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Citigroup Inc. dropped their price target on shares of Callon Petroleum from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Finally, Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the stock. The company 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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