Gluskin Sheff & Assoc Inc. purchased a new position in shares of Callon Petroleum (NYSE:CPE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 170,030 shares of the oil and natural gas company’s stock, valued at approximately $2,251,000. Gluskin Sheff & Assoc Inc. owned approximately 0.08% of Callon Petroleum at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPE. Bank of Montreal Can grew its position in shares of Callon Petroleum by 17.7% during the 4th quarter. Bank of Montreal Can now owns 263,960 shares of the oil and natural gas company’s stock worth $3,206,000 after buying an additional 39,748 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Callon Petroleum by 4.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 942,655 shares of the oil and natural gas company’s stock worth $11,454,000 after buying an additional 36,961 shares in the last quarter. Texas Permanent School Fund grew its position in shares of Callon Petroleum by 3.4% during the 4th quarter. Texas Permanent School Fund now owns 136,434 shares of the oil and natural gas company’s stock worth $1,658,000 after buying an additional 4,465 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Callon Petroleum by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 91,588 shares of the oil and natural gas company’s stock worth $1,113,000 after buying an additional 15,165 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Callon Petroleum by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,158,692 shares of the oil and natural gas company’s stock worth $38,378,000 after buying an additional 46,033 shares in the last quarter.

Shares of Callon Petroleum opened at $10.09 on Thursday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 24.02 and a beta of 1.15. Callon Petroleum has a fifty-two week low of $9.34 and a fifty-two week high of $14.65.

Callon Petroleum (NYSE:CPE) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and natural gas company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $127.40 million during the quarter, compared to the consensus estimate of $120.69 million. Callon Petroleum had a return on equity of 5.98% and a net margin of 31.28%. The company’s quarterly revenue was up 56.5% on a year-over-year basis. During the same quarter last year, the company earned $0.22 earnings per share. equities analysts anticipate that Callon Petroleum will post 0.93 earnings per share for the current year.

A number of equities analysts have recently issued reports on CPE shares. TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Wednesday, April 4th. ValuEngine raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, March 20th. KeyCorp raised their price objective on Callon Petroleum from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, April 23rd. Zacks Investment Research raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $21.00 price objective (up previously from $17.00) on shares of Callon Petroleum in a research report on Thursday, March 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $16.06.

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.

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

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