Eagle Asset Management Inc. Sells 1,099,354 Shares of Callon Petroleum (CPE)

Eagle Asset Management Inc. decreased its holdings in shares of Callon Petroleum (NYSE:CPE) by 87.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,020 shares of the oil and natural gas company’s stock after selling 1,099,354 shares during the quarter. Eagle Asset Management Inc. owned about 0.08% of Callon Petroleum worth $1,768,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its stake in shares of Callon Petroleum by 61.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock valued at $52,057,000 after acquiring an additional 1,755,125 shares during the period. Victory Capital Management Inc. raised its stake in shares of Callon Petroleum by 24.0% in the second quarter. Victory Capital Management Inc. now owns 2,203,067 shares of the oil and natural gas company’s stock valued at $23,375,000 after acquiring an additional 425,767 shares during the period. Rhumbline Advisers raised its stake in shares of Callon Petroleum by 16.0% in the second quarter. Rhumbline Advisers now owns 250,714 shares of the oil and natural gas company’s stock valued at $2,660,000 after acquiring an additional 34,532 shares during the period. Voya Investment Management LLC raised its stake in shares of Callon Petroleum by 22.8% in the second quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock valued at $994,000 after acquiring an additional 17,410 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Callon Petroleum by 8.9% in the second quarter. PNC Financial Services Group Inc. now owns 18,990 shares of the oil and natural gas company’s stock valued at $202,000 after acquiring an additional 1,555 shares during the period.

Callon Petroleum (NYSE:CPE) opened at $11.37 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $18.00. The stock has a market cap of $2,288.82, a PE ratio of 31.50 and a beta of 1.33.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (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 business had revenue of $84.60 million for the quarter, compared to the consensus estimate of $81.98 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s revenue was up 51.3% on a year-over-year basis. equities analysts anticipate that Callon Petroleum will post 0.39 earnings per share for the current year.

Several brokerages have recently weighed in on CPE. Northland Securities set a $18.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Monday, August 21st. Imperial Capital began coverage on shares of Callon Petroleum in a report on Tuesday, August 15th. They issued an “outperform” rating and a $16.00 price target on the stock. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the stock a “buy” rating in a report on Tuesday, October 10th. Bank of America began coverage on shares of Callon Petroleum in a report on Monday, October 16th. They issued a “buy” rating on the stock. Finally, Jefferies Group began coverage on shares of Callon Petroleum in a report on Monday, October 9th. They issued a “buy” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $17.43.

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About Callon Petroleum

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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