Metropolitan Life Insurance Co. NY raised its stake in shares of Callon Petroleum Company (NYSE:CPE) by 24.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 128,246 shares of the oil and natural gas company’s stock after buying an additional 25,007 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.06% of Callon Petroleum worth $1,688,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Callon Petroleum by 86.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,389 shares of the oil and natural gas company’s stock valued at $110,000 after buying an additional 3,896 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Callon Petroleum by 296.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,362 shares of the oil and natural gas company’s stock valued at $114,000 after buying an additional 5,506 shares in the last quarter. Strs Ohio boosted its stake in shares of Callon Petroleum by 6.5% in the first quarter. Strs Ohio now owns 9,800 shares of the oil and natural gas company’s stock valued at $128,000 after buying an additional 600 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Callon Petroleum during the first quarter valued at about $143,000. Finally, M&T Bank Corp boosted its stake in shares of Callon Petroleum by 20.5% in the first quarter. M&T Bank Corp now owns 12,946 shares of the oil and natural gas company’s stock valued at $170,000 after buying an additional 2,203 shares in the last quarter.

Callon Petroleum Company (CPE) opened at 10.43 on Wednesday. The company has a market capitalization of $2.11 billion, a P/E ratio of 19.87 and a beta of 1.44. Callon Petroleum Company has a 1-year low of $9.63 and a 1-year high of $18.53. The stock’s 50 day moving average is $10.70 and its 200-day moving average is $12.29.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $82.30 million during the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The company’s revenue for the quarter was up 82.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.61) EPS. On average, analysts expect that Callon Petroleum Company will post $0.53 earnings per share for the current fiscal year.

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Several brokerages have recently issued reports on CPE. Evercore ISI cut shares of Callon Petroleum from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $17.00 to $16.00 in a research report on Wednesday, April 19th. Eurobank EFG upgraded shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, April 13th. EuroPacific Canada upgraded shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Thursday, April 13th. BMO Capital Markets set a $15.00 price target on shares of Callon Petroleum and gave the company a “buy” rating in a report on Monday, June 26th. Finally, BidaskClub downgraded shares of Callon Petroleum from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.73.

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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