Virtu Financial LLC purchased a new position in shares of Callon Petroleum (NYSE:CPE) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 23,577 shares of the oil and natural gas company’s stock, valued at approximately $178,000.
Several other hedge funds have also recently bought and sold shares of CPE. Cipher Capital LP purchased a new position in shares of Callon Petroleum in the fourth quarter worth $72,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Callon Petroleum in the fourth quarter worth $73,000. Nisa Investment Advisors LLC raised its stake in shares of Callon Petroleum by 968.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,695 shares of the oil and natural gas company’s stock worth $76,000 after purchasing an additional 10,600 shares during the last quarter. CWM Advisors LLC purchased a new position in shares of Callon Petroleum in the fourth quarter worth $88,000. Finally, Balasa Dinverno & Foltz LLC purchased a new position in shares of Callon Petroleum in the fourth quarter worth $88,000.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Callon Petroleum from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 24th. Imperial Capital restated an “outperform” rating and issued a $15.00 price target (up previously from $12.00) on shares of Callon Petroleum in a research note on Wednesday, February 13th. SunTrust Banks set a $12.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research report on Tuesday, April 23rd. Williams Capital reiterated a “buy” rating and set a $12.00 price objective on shares of Callon Petroleum in a research report on Tuesday, April 9th. Finally, Capital One Financial cut Callon Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Callon Petroleum presently has an average rating of “Buy” and an average target price of $13.81.
Shares of NYSE CPE traded down $0.41 during mid-day trading on Wednesday, reaching $7.44. The company’s stock had a trading volume of 11,228,300 shares, compared to its average volume of 6,224,044. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.81 and a beta of 1.50. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.55. Callon Petroleum has a 52 week low of $5.57 and a 52 week high of $13.38.
Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $161.90 million during the quarter, compared to the consensus estimate of $164.50 million. Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. Research analysts expect that Callon Petroleum will post 0.92 EPS for the current fiscal year.
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Callon Petroleum Company Profile
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas.
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