First Trust Advisors LP decreased its position in shares of Callon Petroleum (NYSE:CPE) by 54.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,116 shares of the oil and natural gas company’s stock after selling 117,034 shares during the quarter. First Trust Advisors LP’s holdings in Callon Petroleum were worth $1,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank bought a new stake in Callon Petroleum during the third quarter worth about $107,000. Strs Ohio lifted its position in Callon Petroleum by 139.0% during the third quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock worth $117,000 after purchasing an additional 5,700 shares during the period. Marietta Investment Partners LLC bought a new stake in Callon Petroleum during the second quarter worth about $153,000. HPM Partners LLC bought a new stake in Callon Petroleum during the second quarter worth about $161,000. Finally, Green Square Capital LLC bought a new stake in Callon Petroleum during the second quarter worth about $189,000.

In other news, VP Mitzi P. Conn sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total value of $176,400.00. Following the completion of the transaction, the vice president now owns 42,062 shares of the company’s stock, valued at $494,649.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

Callon Petroleum stock opened at $8.04 on Friday. Callon Petroleum has a 1 year low of $7.63 and a 1 year high of $14.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.57 and a quick ratio of 0.57. The company has a market capitalization of $1.93 billion, a PE ratio of 19.14 and a beta of 1.05.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Tuesday, November 6th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. Callon Petroleum had a return on equity of 8.31% and a net margin of 30.70%. The company had revenue of $161.21 million during the quarter, compared to the consensus estimate of $145.66 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The firm’s revenue was up 90.5% compared to the same quarter last year. On average, sell-side analysts predict that Callon Petroleum will post 0.88 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Callon Petroleum in a research report on Monday, November 12th. ValuEngine downgraded Callon Petroleum from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 1st. Stephens assumed coverage on Callon Petroleum in a research note on Thursday. They set an “overweight” rating and a $14.00 target price for the company. Cowen assumed coverage on Callon Petroleum in a research note on Thursday, November 29th. They set an “outperform” rating for the company. Finally, TheStreet raised Callon Petroleum from a “c+” rating to a “b-” rating in a research note on Monday, September 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eighteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $15.65.

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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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