BNP Paribas Arbitrage SA increased its position in Callon Petroleum Co. (NYSE:CPE) by 119.1% during the third quarter, Holdings Channel reports. The firm owned 10,301 shares of the company’s stock after buying an additional 5,600 shares during the period. BNP Paribas Arbitrage SA’s holdings in Callon Petroleum were worth $162,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC bought a new position in Callon Petroleum during the second quarter worth $32,029,000. State Street Corp raised its position in Callon Petroleum by 53.3% in the second quarter. State Street Corp now owns 4,492,291 shares of the company’s stock worth $50,443,000 after buying an additional 1,561,776 shares during the period. Teachers Advisors Inc. raised its position in Callon Petroleum by 100.9% in the second quarter. Teachers Advisors Inc. now owns 3,093,435 shares of the company’s stock worth $34,739,000 after buying an additional 1,553,655 shares during the period. FMR LLC raised its position in Callon Petroleum by 23.0% in the second quarter. FMR LLC now owns 6,460,630 shares of the company’s stock worth $72,553,000 after buying an additional 1,209,080 shares during the period. Finally, Hillcrest Asset Management LLC bought a new position in Callon Petroleum during the first quarter worth $10,287,000. 83.09% of the stock is currently owned by institutional investors.
Shares of Callon Petroleum Co. (NYSE:CPE) opened at 15.54 on Friday. The firm’s market capitalization is $2.04 billion. The company has a 50 day moving average price of $14.75 and a 200-day moving average price of $11.93. Callon Petroleum Co. has a 12 month low of $4.21 and a 12 month high of $16.03.
Callon Petroleum (NYSE:CPE) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.61) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.65. The company had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. Callon Petroleum had a positive return on equity of 3.77% and a negative net margin of 233.91%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities research analysts expect that Callon Petroleum Co. will post $0.26 EPS for the current fiscal year.
CPE has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on Callon Petroleum from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. FBR & Co upped their price target on Callon Petroleum from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Evercore ISI assumed coverage on Callon Petroleum in a research note on Wednesday, September 28th. They issued a “buy” rating and a $20.00 price target on the stock. KeyCorp upped their price target on Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. Finally, KLR Group assumed coverage on Callon Petroleum in a research note on Monday, July 11th. They issued a “buy” rating and a $17.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $15.36.
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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.
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