Callon Petroleum (CPE) Short Interest Down 17.7% in January

Callon Petroleum (NYSE:CPE) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 43,460,765 shares, a drop of 17.7% from the January 12th total of 52,825,692 shares. Currently, 21.7% of the company’s shares are sold short. Based on an average daily trading volume, of 4,266,503 shares, the days-to-cover ratio is presently 10.2 days.

Shares of Callon Petroleum (NYSE CPE) opened at $10.71 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $2,070.84, a P/E ratio of 24.34 and a beta of 1.16. Callon Petroleum has a 12-month low of $9.34 and a 12-month high of $15.02.

A number of institutional investors have recently bought and sold shares of the business. Liberty Mutual Group Asset Management Inc. bought a new stake in Callon Petroleum during the 4th quarter valued at approximately $620,000. OppenheimerFunds Inc. boosted its position in Callon Petroleum by 6.2% during the 4th quarter. OppenheimerFunds Inc. now owns 1,178,618 shares of the oil and natural gas company’s stock valued at $14,320,000 after acquiring an additional 68,744 shares in the last quarter. Brown Advisory Inc. boosted its position in Callon Petroleum by 18.0% during the 4th quarter. Brown Advisory Inc. now owns 45,348 shares of the oil and natural gas company’s stock valued at $551,000 after acquiring an additional 6,906 shares in the last quarter. Systematic Financial Management LP boosted its position in Callon Petroleum by 6.5% during the 4th quarter. Systematic Financial Management LP now owns 889,771 shares of the oil and natural gas company’s stock valued at $10,811,000 after acquiring an additional 54,401 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Callon Petroleum during the 4th quarter valued at approximately $151,000.

CPE has been the topic of a number of recent research reports. Citigroup cut Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, January 3rd. Scotiabank set a $16.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. B. Riley began coverage on Callon Petroleum in a research note on Monday, February 5th. They set a “neutral” rating and a $11.75 price objective on the stock. Mizuho raised Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, November 21st. Finally, Bank of America began coverage on Callon Petroleum in a research note on Monday, October 16th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Callon Petroleum presently has a consensus rating of “Buy” and an average target price of $16.39.

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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.

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