Cramer Rosenthal Mcglynn LLC reduced its position in Callon Petroleum (NYSE:CPE) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,139,015 shares of the oil and natural gas company’s stock after selling 28,583 shares during the quarter. Cramer Rosenthal Mcglynn LLC’s holdings in Callon Petroleum were worth $50,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Zions Bancorporation bought a new position in shares of Callon Petroleum during the third quarter worth $105,000. BB&T Securities LLC bought a new position in shares of Callon Petroleum during the third quarter worth $112,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Callon Petroleum during the second quarter worth $133,000. Intrust Bank NA bought a new position in shares of Callon Petroleum during the third quarter worth $139,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Callon Petroleum during the third quarter worth $141,000.
A number of equities analysts recently weighed in on CPE shares. Citigroup lowered shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Wednesday, January 3rd. BMO Capital Markets set a $15.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Piper Jaffray Companies started coverage on shares of Callon Petroleum in a research report on Thursday, January 4th. They set an “overweight” rating and a $15.00 target price for the company. Mizuho upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, November 21st. Finally, ValuEngine lowered shares of Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company. Callon Petroleum currently has a consensus rating of “Buy” and an average target price of $16.35.
Shares of Callon Petroleum (NYSE CPE) opened at $11.75 on Tuesday. The stock has a market cap of $2,368.75, a price-to-earnings ratio of 27.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.70 and a current ratio of 0.70. Callon Petroleum has a 12 month low of $9.34 and a 12 month high of $13.92.
Callon Petroleum (NYSE:CPE) last announced its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.15. Callon Petroleum had a net margin of 32.86% and a return on equity of 5.02%. The business had revenue of $118.21 million for the quarter, compared to the consensus estimate of $109.95 million. equities analysts forecast that Callon Petroleum will post 0.87 EPS for the current year.
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Callon Petroleum Company Profile
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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