Dynamic Technology Lab Private Ltd decreased its holdings in Callon Petroleum (NYSE:CPE) by 21.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,190 shares of the oil and natural gas company’s stock after selling 31,547 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.05% of Callon Petroleum worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. First Hawaiian Bank bought a new position in Callon Petroleum in the third quarter worth approximately $107,000. Strs Ohio raised its stake 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 worth $117,000 after buying an additional 5,700 shares in the last quarter. MML Investors Services LLC bought a new position in Callon Petroleum in the third quarter worth approximately $144,000. Marietta Investment Partners LLC bought a new position in Callon Petroleum in the second quarter worth approximately $153,000. Finally, HPM Partners LLC bought a new position in Callon Petroleum in the second quarter worth approximately $161,000.
A number of equities analysts have recently issued reports on CPE shares. Zacks Investment Research reaffirmed a “hold” rating on shares of Callon Petroleum in a research report on Monday, November 12th. ValuEngine downgraded Callon Petroleum from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 1st. Stephens started coverage on Callon Petroleum in a research report on Thursday. They set an “overweight” rating and a $14.00 price target on the stock. Cowen started coverage on Callon Petroleum in a research report on Thursday, November 29th. They set an “outperform” rating on the stock. Finally, TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $15.65.
Shares of CPE opened at $8.04 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 10.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.57. Callon Petroleum has a 1-year low of $7.63 and a 1-year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $161.21 million for the quarter, compared to analyst estimates of $145.66 million. Callon Petroleum had a net margin of 30.70% and a return on equity of 8.31%. The business’s quarterly revenue was up 90.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Sell-side analysts anticipate that Callon Petroleum will post 0.88 EPS for the current fiscal year.
In other news, VP Mitzi P. Conn sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $11.76, for a total transaction of $176,400.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is owned by insiders.
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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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