Callon Petroleum Company (CPE) Shares Bought by AGF Investments Inc.

AGF Investments Inc. grew its position in shares of Callon Petroleum Company (NYSE:CPE) by 61.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 99,171 shares of the oil and natural gas company’s stock after purchasing an additional 37,605 shares during the period. AGF Investments Inc.’s holdings in Callon Petroleum were worth $1,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CPE. Bank of Montreal Can lifted its stake in Callon Petroleum by 52.0% during the first quarter. Bank of Montreal Can now owns 135,311 shares of the oil and natural gas company’s stock worth $1,781,000 after purchasing an additional 46,272 shares during the last quarter. Strs Ohio lifted its stake in Callon Petroleum by 6.5% during the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after purchasing an additional 600 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Callon Petroleum by 15.2% during the first quarter. Russell Investments Group Ltd. now owns 1,191,305 shares of the oil and natural gas company’s stock worth $15,677,000 after purchasing an additional 157,600 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Callon Petroleum by 107.4% during the first quarter. Wells Fargo & Company MN now owns 1,102,937 shares of the oil and natural gas company’s stock worth $14,515,000 after purchasing an additional 571,267 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Callon Petroleum by 25.3% during the first quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 4,200 shares during the last quarter.

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Callon Petroleum Company (NYSE:CPE) opened at 9.54 on Monday. The stock’s 50 day moving average price is $10.46 and its 200 day moving average price is $11.45. Callon Petroleum Company has a 12-month low of $9.34 and a 12-month high of $18.53. The company has a market capitalization of $1.93 billion, a PE ratio of 18.17 and a beta of 1.44.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The company had revenue of $82.30 million for the quarter, compared to analyst estimates of $83.89 million. During the same quarter in the previous year, the firm posted ($0.61) earnings per share. The company’s quarterly revenue was up 82.5% on a year-over-year basis. On average, equities analysts anticipate that Callon Petroleum Company will post $0.50 EPS for the current fiscal year.

Several research analysts have recently commented on the company. Scotiabank set a $15.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada set a $20.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, June 3rd. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, June 26th. Northland Securities set a $18.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, July 17th. Finally, Imperial Capital began coverage on Callon Petroleum in a report on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty have assigned a buy rating to the company’s stock. Callon Petroleum presently has an average rating of “Buy” and a consensus target price of $17.54.

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

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