Brant Point Investment Management LLC Boosts Position in Callon Petroleum (CPE)

Brant Point Investment Management LLC boosted its stake in Callon Petroleum (NYSE:CPE) by 51.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 205,150 shares of the oil and natural gas company’s stock after purchasing an additional 70,000 shares during the period. Brant Point Investment Management LLC owned about 0.09% of Callon Petroleum worth $2,460,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Callon Petroleum by 2.7% during the first quarter. Principal Financial Group Inc. now owns 875,735 shares of the oil and natural gas company’s stock worth $11,594,000 after purchasing an additional 23,399 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Callon Petroleum by 8.3% during the second quarter. Texas Permanent School Fund now owns 144,700 shares of the oil and natural gas company’s stock worth $1,554,000 after purchasing an additional 11,082 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Callon Petroleum by 196.1% during the second quarter. Janney Montgomery Scott LLC now owns 43,742 shares of the oil and natural gas company’s stock worth $470,000 after purchasing an additional 28,970 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Callon Petroleum by 108.3% during the second quarter. BNP Paribas Arbitrage SA now owns 266,051 shares of the oil and natural gas company’s stock worth $2,857,000 after purchasing an additional 138,316 shares during the last quarter. Finally, Dupont Capital Management Corp grew its holdings in shares of Callon Petroleum by 50.3% during the second quarter. Dupont Capital Management Corp now owns 29,163 shares of the oil and natural gas company’s stock worth $313,000 after purchasing an additional 9,756 shares during the last quarter.

In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total value of $176,400.00. Following the transaction, the vice president now directly owns 42,062 shares of the company’s stock, valued at $494,649.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by insiders.

Callon Petroleum stock opened at $8.55 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.95 billion, a P/E ratio of 20.36 and a beta of 1.06. Callon Petroleum has a one year low of $8.50 and a one year high of $14.65.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Tuesday, November 6th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Callon Petroleum had a return on equity of 8.31% and a net margin of 30.70%. The firm had revenue of $161.21 million for the quarter, compared to analyst estimates of $145.66 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The company’s revenue was up 90.5% compared to the same quarter last year. Equities analysts predict that Callon Petroleum will post 0.88 earnings per share for the current fiscal year.

A number of equities analysts recently commented on CPE shares. ValuEngine lowered Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday. Cowen started coverage on Callon Petroleum in a research note on Thursday. They issued an “outperform” rating on the stock. TheStreet lowered Callon Petroleum from a “b-” rating to a “c+” rating in a research note on Tuesday, November 27th. Zacks Investment Research reaffirmed a “hold” rating on shares of Callon Petroleum in a research note on Monday, November 12th. Finally, Credit Suisse Group raised Callon Petroleum from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $16.32.

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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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