Janney Montgomery Scott LLC acquired a new position in Callon Petroleum Company (NYSE:CPE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,986 shares of the oil and natural gas company’s stock, valued at approximately $148,000.

Several other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock worth $110,000 after buying an additional 3,896 shares during the period. Strs Ohio raised its position in shares of Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $128,000 after buying an additional 600 shares during the period. Green Square Capital LLC bought a new position in shares of Callon Petroleum during the first quarter worth about $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Callon Petroleum during the first quarter worth about $143,000. Finally, M&T Bank Corp raised its position in shares of Callon Petroleum by 20.5% in the first quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock worth $170,000 after buying an additional 2,203 shares during the period.

Shares of Callon Petroleum Company (NYSE CPE) opened at 9.88 on Wednesday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 18.82 and a beta of 1.44. The stock has a 50 day moving average of $10.64 and a 200 day moving average of $11.73. Callon Petroleum Company has a 12-month low of $9.61 and a 12-month high of $18.53.

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

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CPE has been the topic of a number of research reports. Roth Capital set a $23.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. BMO Capital Markets set a $16.00 target price on shares of Callon Petroleum and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Scotiabank reaffirmed a “buy” rating and set a $18.00 target price on shares of Callon Petroleum in a research report on Friday, May 5th. ValuEngine lowered shares of Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, May 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Callon Petroleum in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty have given a buy rating to the stock. Callon Petroleum currently has an average rating of “Buy” and an average target price of $17.54.

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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin.

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

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