Teachers Retirement System of The State of Kentucky boosted its stake in Callon Petroleum (NYSE:CPE) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,571 shares of the oil and natural gas company’s stock after acquiring an additional 9,900 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Callon Petroleum were worth $606,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. People s United Financial Inc. boosted its holdings in Callon Petroleum by 8.1% in the second quarter. People s United Financial Inc. now owns 65,335 shares of the oil and natural gas company’s stock valued at $701,000 after acquiring an additional 4,882 shares in the last quarter. Liberty Mutual Group Asset Management Inc. boosted its holdings in Callon Petroleum by 12.3% in the second quarter. Liberty Mutual Group Asset Management Inc. now owns 44,645 shares of the oil and natural gas company’s stock valued at $479,000 after acquiring an additional 4,893 shares in the last quarter. Strs Ohio boosted its holdings in Callon Petroleum by 139.0% in the third quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $117,000 after acquiring an additional 5,700 shares in the last quarter. Arizona State Retirement System boosted its holdings in Callon Petroleum by 3.8% in the third quarter. Arizona State Retirement System now owns 161,585 shares of the oil and natural gas company’s stock valued at $1,937,000 after acquiring an additional 5,931 shares in the last quarter. Finally, First Hawaiian Bank bought a new stake in Callon Petroleum in the third quarter valued at $107,000.

Shares of Callon Petroleum stock opened at $8.50 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 20.24 and a beta of 1.05. Callon Petroleum has a 12 month low of $8.48 and a 12 month high of $14.65.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $161.21 million during the quarter, compared to analyst estimates of $145.66 million. Callon Petroleum had a return on equity of 8.31% and a net margin of 30.70%. The company’s revenue for the quarter was up 90.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. Sell-side analysts anticipate that Callon Petroleum will post 0.88 EPS for the current year.

Several analysts recently weighed in on the stock. Stephens assumed coverage on shares of Callon Petroleum in a report on Thursday. They issued a “buy” rating and a $14.00 price target on the stock. ValuEngine cut shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. Cowen assumed coverage on shares of Callon Petroleum in a report on Thursday, November 29th. They issued an “outperform” rating on the stock. TheStreet cut shares of Callon Petroleum from a “b-” rating to a “c+” rating in a report on Tuesday, November 27th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Callon Petroleum in a report on Monday, November 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. Callon Petroleum has a consensus rating of “Buy” and a consensus price target of $16.00.

In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total transaction of $176,400.00. Following the completion of the transaction, the vice president now owns 42,062 shares of the company’s stock, valued at $494,649.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

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

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