Nikko Asset Management Americas Inc. Buys 21,757 Shares of Callon Petroleum (CPE)

Nikko Asset Management Americas Inc. raised its position in Callon Petroleum (NYSE:CPE) by 4.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 537,932 shares of the oil and natural gas company’s stock after buying an additional 21,757 shares during the period. Nikko Asset Management Americas Inc. owned 0.24% of Callon Petroleum worth $4,061,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Man Group plc acquired a new stake in shares of Callon Petroleum during the third quarter worth about $612,000. Vanguard Group Inc. increased its position in shares of Callon Petroleum by 3.1% during the third quarter. Vanguard Group Inc. now owns 20,395,498 shares of the oil and natural gas company’s stock worth $244,542,000 after purchasing an additional 615,053 shares in the last quarter. Vanguard Group Inc increased its position in shares of Callon Petroleum by 3.1% during the third quarter. Vanguard Group Inc now owns 20,395,498 shares of the oil and natural gas company’s stock worth $244,542,000 after purchasing an additional 615,053 shares in the last quarter. Legal & General Group Plc increased its position in shares of Callon Petroleum by 1.0% during the third quarter. Legal & General Group Plc now owns 219,496 shares of the oil and natural gas company’s stock worth $2,632,000 after purchasing an additional 2,231 shares in the last quarter. Finally, Copper Rock Capital Partners LLC increased its position in shares of Callon Petroleum by 21.9% during the fourth quarter. Copper Rock Capital Partners LLC now owns 2,178,910 shares of the oil and natural gas company’s stock worth $13,989,000 after purchasing an additional 390,781 shares in the last quarter.

NYSE CPE traded down $0.19 on Friday, hitting $6.81. 7,989,495 shares of the company’s stock were exchanged, compared to its average volume of 6,790,482. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.55. Callon Petroleum has a fifty-two week low of $5.57 and a fifty-two week high of $13.38. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.77 and a beta of 1.50.

Callon Petroleum (NYSE:CPE) last released its earnings results on Tuesday, February 26th. The oil and natural gas company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.05). Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. The business had revenue of $161.90 million for the quarter, compared to analyst estimates of $164.50 million. Equities analysts forecast that Callon Petroleum will post 0.92 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Stephens set a $11.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday. Capital One Financial upgraded Callon Petroleum from an “equal weight” rating to an “overweight” rating in a research report on Thursday. SunTrust Banks set a $12.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Williams Capital restated a “buy” rating and issued a $12.00 price target on shares of Callon Petroleum in a research report on Tuesday, April 9th. Finally, Morgan Stanley began coverage on Callon Petroleum in a research report on Thursday, March 21st. They issued an “equal weight” rating and a $9.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.63.

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About Callon Petroleum

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

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