Magnetar Financial LLC bought a new position in shares of Callon Petroleum (NYSE:CPE) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 23,846 shares of the oil and natural gas company’s stock, valued at approximately $268,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Fondren Management LP bought a new stake in shares of Callon Petroleum in the 2nd quarter worth approximately $106,000. BB&T Securities LLC bought a new stake in shares of Callon Petroleum in the 3rd quarter worth approximately $112,000. FFT Wealth Management LLC bought a new stake in shares of Callon Petroleum in the 2nd quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Callon Petroleum in the 2nd quarter worth approximately $133,000. Finally, Intrust Bank NA bought a new stake in shares of Callon Petroleum in the 3rd quarter worth approximately $139,000.

Several brokerages recently issued reports on CPE. Northland Securities set a $18.00 price target on Callon Petroleum and gave the stock a “buy” rating in a report on Monday, August 21st. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 10th. Bank of America began coverage on Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating on the stock. Jefferies Group began coverage on Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Scotiabank set a $16.00 price target on Callon Petroleum and gave the stock a “buy” rating in a report on Saturday, November 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $17.09.

Shares of Callon Petroleum (NYSE CPE) opened at $10.49 on Friday. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $16.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $2,133.41, a P/E ratio of 29.36 and a beta of 1.33.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. The firm had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. During the same quarter last year, the business posted $0.09 earnings per share. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. equities analysts anticipate that Callon Petroleum will post 0.39 earnings per share for the current year.

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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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