Callon Petroleum (CPE) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Callon Petroleum (NYSE:CPE) by 54.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,579 shares of the oil and natural gas company’s stock after purchasing an additional 34,907 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Callon Petroleum were worth $1,119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CPE. Fondren Management LP purchased a new stake in Callon Petroleum in the second quarter valued at approximately $106,000. FFT Wealth Management LLC purchased a new stake in Callon Petroleum in the second quarter valued at approximately $113,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Callon Petroleum in the second quarter valued at approximately $133,000. Intrust Bank NA purchased a new stake in Callon Petroleum in the third quarter valued at approximately $139,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Callon Petroleum in the third quarter valued at approximately $141,000.

Shares of Callon Petroleum (NYSE:CPE) opened at $11.37 on Wednesday. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.00. 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 company has a market capitalization of $2,288.82, a P/E ratio of 31.50 and a beta of 1.33.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The company had revenue of $84.60 million for the quarter, compared to analysts’ expectations of $81.98 million. During the same quarter last year, the company earned $0.09 EPS. Callon Petroleum’s revenue for the quarter was up 51.3% compared to the same quarter last year. research analysts forecast that Callon Petroleum will post 0.39 EPS for the current fiscal year.

CPE has been the subject of a number of research reports. Northland Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Callon Petroleum in a research note on Wednesday, November 1st. Royal Bank Of Canada set a $16.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, November 14th. Mizuho upgraded Callon Petroleum from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, November 21st. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.43.

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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.

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

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