Segall Bryant & Hamill LLC grew its stake in Callon Petroleum (NYSE:CPE) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 485,858 shares of the oil and natural gas company’s stock after acquiring an additional 62,810 shares during the period. Segall Bryant & Hamill LLC owned about 0.24% of Callon Petroleum worth $5,903,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in shares of Callon Petroleum in the 3rd quarter valued at approximately $105,000. BB&T Securities LLC acquired a new position in shares of Callon Petroleum in the third quarter valued at approximately $112,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Callon Petroleum in the third quarter valued at approximately $141,000. Crossmark Global Holdings Inc. acquired a new position in shares of Callon Petroleum in the third quarter valued at approximately $142,000. Finally, Virtu Financial LLC acquired a new position in shares of Callon Petroleum in the fourth quarter valued at approximately $151,000.
Callon Petroleum stock opened at $12.36 on Thursday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $13.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $2,409.14, a price-to-earnings ratio of 27.74 and a beta of 1.19.
Callon Petroleum (NYSE:CPE) last issued its earnings results on Tuesday, February 27th. The oil and natural gas company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Callon Petroleum had a net margin of 32.86% and a return on equity of 5.02%. The business had revenue of $118.21 million during the quarter, compared to analysts’ expectations of $109.95 million. sell-side analysts expect that Callon Petroleum will post 0.87 earnings per share for the current year.
CPE has been the subject of a number of research reports. Citigroup cut shares of Callon Petroleum from a “buy” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Wednesday, January 3rd. Scotiabank set a $16.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Saturday, November 25th. B. Riley initiated coverage on shares of Callon Petroleum in a report on Monday, February 5th. They issued a “neutral” rating and a $11.75 price objective for the company. Imperial Capital restated an “outperform” rating and issued a $21.00 price objective (up previously from $17.00) on shares of Callon Petroleum in a report on Thursday, March 1st. Finally, Mizuho set a $15.00 price objective on shares of Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $16.43.
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Callon Petroleum 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.
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