Teton Advisors Inc. grew its holdings in Callon Petroleum (NYSE:CPE) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 254,844 shares of the oil and natural gas company’s stock after purchasing an additional 10,000 shares during the quarter. Teton Advisors Inc. owned about 0.11% of Callon Petroleum worth $3,056,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. First Hawaiian Bank bought a new stake in shares of Callon Petroleum during the third quarter worth $107,000. Prospera Financial Services Inc bought a new stake in shares of Callon Petroleum during the second quarter worth $113,000. Strs Ohio raised its position in shares of Callon Petroleum by 139.0% during the third quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $117,000 after acquiring an additional 5,700 shares during the last quarter. Marietta Investment Partners LLC bought a new stake in shares of Callon Petroleum during the second quarter worth $153,000. Finally, HPM Partners LLC bought a new stake in shares of Callon Petroleum during the second quarter worth $161,000.
In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total value of $176,400.00. Following the completion of the sale, the vice president now directly owns 42,062 shares in the company, valued at $494,649.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is owned by corporate insiders.
CPE has been the subject of a number of recent research reports. TheStreet upgraded Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Monday, September 17th. KLR Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Callon Petroleum in a report on Monday, August 20th. Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, July 18th. Stephens set a $20.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 price objective on shares of Callon Petroleum in a report on Sunday, August 12th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus target price of $16.15.
Shares of Callon Petroleum stock opened at $10.52 on Tuesday. Callon Petroleum has a 1 year low of $9.23 and a 1 year high of $14.65. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.05 and a beta of 1.06. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.44.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, August 6th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Callon Petroleum had a return on equity of 7.25% and a net margin of 31.27%. The business had revenue of $137.10 million during the quarter, compared to the consensus estimate of $133.66 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was up 66.6% compared to the same quarter last year. On average, research analysts predict that Callon Petroleum will post 0.86 EPS for the current fiscal year.
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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. As of December 31, 2017, its estimated net proved reserves totaled 137.0 million barrel of oil equivalent.
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