Callon Petroleum Company (CPE) Position Maintained by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can continued to hold its stake in Callon Petroleum Company (NYSE:CPE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,800 shares of the oil and natural gas company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Callon Petroleum were worth $220,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CPE. Strs Ohio raised its holdings in shares of Callon Petroleum by 6.5% in the 1st quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after purchasing an additional 600 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Callon Petroleum by 107.4% in the 1st quarter. Wells Fargo & Company MN now owns 1,102,937 shares of the oil and natural gas company’s stock valued at $14,515,000 after purchasing an additional 571,267 shares during the period. American Century Companies Inc. raised its holdings in shares of Callon Petroleum by 16.8% in the 1st quarter. American Century Companies Inc. now owns 743,736 shares of the oil and natural gas company’s stock valued at $9,788,000 after purchasing an additional 106,749 shares during the period. US Bancorp DE raised its holdings in shares of Callon Petroleum by 1.5% in the 1st quarter. US Bancorp DE now owns 74,154 shares of the oil and natural gas company’s stock valued at $975,000 after purchasing an additional 1,100 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Callon Petroleum by 14.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,868,973 shares of the oil and natural gas company’s stock valued at $37,757,000 after purchasing an additional 363,680 shares during the period.

Callon Petroleum Company (CPE) opened at 11.03 on Friday. Callon Petroleum Company has a 12 month low of $9.34 and a 12 month high of $18.53. The firm’s 50 day moving average is $10.40 and its 200-day moving average is $11.36. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 21.02 and a beta of 1.44.

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

A number of brokerages have recently issued reports on CPE. ValuEngine cut shares of Callon Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, May 18th. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a report on Friday, May 26th. Credit Suisse Group reissued an “outperform” rating and issued a $18.00 price target on shares of Callon Petroleum in a report on Friday, June 2nd. BidaskClub raised shares of Callon Petroleum from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Royal Bank Of Canada set a $20.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Saturday, June 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.54.

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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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