Dynamic Technology Lab Private Ltd acquired a new position in Callon Petroleum (NYSE:CPE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 149,737 shares of the oil and natural gas company’s stock, valued at approximately $1,608,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Callon Petroleum as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in shares of Callon Petroleum during the 1st quarter valued at approximately $257,000. Zeke Capital Advisors LLC purchased a new stake in Callon Petroleum in the first quarter valued at approximately $207,000. American Century Companies Inc. raised its position in Callon Petroleum by 24.5% in the first quarter. American Century Companies Inc. now owns 692,223 shares of the oil and natural gas company’s stock valued at $9,165,000 after purchasing an additional 136,274 shares during the period. Victory Capital Management Inc. raised its position in Callon Petroleum by 35.2% in the first quarter. Victory Capital Management Inc. now owns 4,271,055 shares of the oil and natural gas company’s stock valued at $56,549,000 after purchasing an additional 1,112,363 shares during the period. Finally, Swiss National Bank raised its position in Callon Petroleum by 4.0% in the first quarter. Swiss National Bank now owns 351,400 shares of the oil and natural gas company’s stock valued at $4,653,000 after purchasing an additional 13,400 shares during the period.

CPE stock traded down $0.02 during midday trading on Friday, reaching $11.67. 3,136,868 shares of the company were exchanged, compared to its average volume of 3,376,880. Callon Petroleum has a one year low of $9.75 and a one year high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 27.79 and a beta of 1.10.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, August 6th. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $137.10 million for the quarter, compared to analyst estimates of $133.66 million. Callon Petroleum had a return on equity of 7.25% and a net margin of 31.27%. The firm’s quarterly revenue was up 66.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. research analysts anticipate that Callon Petroleum will post 0.86 EPS for the current fiscal year.

A number of analysts have issued reports on the company. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday. Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 target price on shares of Callon Petroleum in a research report on Sunday, August 12th. Stephens set a $20.00 target price on Callon Petroleum and gave the company a “buy” rating in a research report on Wednesday, July 25th. Barclays initiated coverage on Callon Petroleum in a research report on Wednesday, August 29th. They set an “overweight” rating and a $14.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus price target of $16.11.

Callon Petroleum Company 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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