SG Americas Securities LLC acquired a new position in Callon Petroleum (NYSE:CPE) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 72,256 shares of the oil and natural gas company’s stock, valued at approximately $546,000.
Other institutional investors have also recently added to or reduced their stakes in the company. MHI Funds LLC boosted its holdings in shares of Callon Petroleum by 3.6% during the first quarter. MHI Funds LLC now owns 35,979 shares of the oil and natural gas company’s stock valued at $272,000 after acquiring an additional 1,242 shares during the period. Arizona State Retirement System boosted its stake in Callon Petroleum by 1.1% during the 4th quarter. Arizona State Retirement System now owns 163,344 shares of the oil and natural gas company’s stock valued at $1,060,000 after purchasing an additional 1,759 shares during the period. Advisor Group Inc. grew its position in Callon Petroleum by 9.8% in the 4th quarter. Advisor Group Inc. now owns 25,415 shares of the oil and natural gas company’s stock worth $165,000 after purchasing an additional 2,272 shares during the last quarter. Private Capital Group LLC increased its stake in shares of Callon Petroleum by 135.5% in the first quarter. Private Capital Group LLC now owns 4,164 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 2,396 shares during the period. Finally, AMI Asset Management Corp increased its stake in shares of Callon Petroleum by 0.5% in the fourth quarter. AMI Asset Management Corp now owns 460,701 shares of the oil and natural gas company’s stock valued at $2,990,000 after purchasing an additional 2,467 shares during the period.
Shares of CPE traded down $0.18 during trading hours on Friday, hitting $6.01. 8,533,496 shares of the company were exchanged, compared to its average volume of 6,355,575. The firm has a market cap of $1.41 billion, a PE ratio of 7.33, a P/E/G ratio of 0.63 and a beta of 1.55. 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 one year low of $5.57 and a one year high of $13.09.
Callon Petroleum (NYSE:CPE) last released its earnings results on Monday, May 6th. The oil and natural gas company reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. Callon Petroleum had a return on equity of 7.55% and a net margin of 36.70%. The company had revenue of $153.05 million during the quarter, compared to analyst estimates of $144.68 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts anticipate that Callon Petroleum will post 0.9 EPS for the current fiscal year.
Several equities analysts have recently issued reports on the company. Northland Securities set a $11.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday. Capital One Financial raised Callon Petroleum from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 23rd. Stephens set a $11.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Wednesday, May 22nd. SunTrust Banks set a $12.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, April 23rd. Finally, Williams Capital reaffirmed a “buy” rating and set a $12.00 price target on shares of Callon Petroleum in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. Callon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $13.00.
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Callon Petroleum 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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