Elk Creek Partners LLC increased its holdings in Callon Petroleum Company (NYSE:CPE) by 28.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 692,934 shares of the oil and natural gas company’s stock after buying an additional 153,862 shares during the period. Elk Creek Partners LLC owned 0.34% of Callon Petroleum worth $7,352,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Callon Petroleum by 96,684.2% in the first quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock worth $159,259,000 after buying an additional 12,089,389 shares in the last quarter. Cipher Capital LP raised its position in shares of Callon Petroleum by 45.7% in the second quarter. Cipher Capital LP now owns 591,418 shares of the oil and natural gas company’s stock worth $6,275,000 after buying an additional 185,523 shares in the last quarter. Victory Capital Management Inc. raised its position 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 worth $23,375,000 after buying an additional 425,767 shares in the last quarter. Amalgamated Bank raised its position in shares of Callon Petroleum by 21.3% in the first quarter. Amalgamated Bank now owns 21,633 shares of the oil and natural gas company’s stock worth $285,000 after buying an additional 3,801 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Callon Petroleum by 19.6% in the second quarter. Comerica Bank now owns 208,092 shares of the oil and natural gas company’s stock worth $2,278,000 after buying an additional 34,033 shares in the last quarter.

A number of equities research analysts recently issued reports on CPE shares. Citigroup Inc. lowered their price objective on Callon Petroleum from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Royal Bank Of Canada set a $16.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. ValuEngine upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Roth Capital set a $23.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Friday, May 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.54.

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Callon Petroleum Company (CPE) opened at 10.44 on Monday. The stock’s 50 day moving average price is $10.38 and its 200-day moving average price is $11.34. The company has a market capitalization of $2.11 billion, a PE ratio of 19.89 and a beta of 1.44. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53.

Callon Petroleum (NYSE:CPE) last announced its earnings results on Wednesday, August 2nd. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $82.30 million for the quarter, compared to analysts’ expectations of $83.89 million. Callon Petroleum had a net margin of 34.61% and a return on equity of 4.16%. The firm’s quarterly revenue was up 82.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.61) earnings per share. On average, equities research analysts predict that Callon Petroleum Company will post $0.50 earnings per share for the current fiscal year.

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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