Callon Petroleum Company (CPE) Short Interest Down 8.6% in October
Callon Petroleum Company (NYSE:CPE) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 42,007,896 shares, a drop of 8.6% from the October 13th total of 45,950,314 shares. Based on an average daily trading volume, of 3,274,095 shares, the short-interest ratio is presently 12.8 days. Currently, 21.1% of the company’s shares are sold short.
Large investors have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. increased its position in shares of Callon Petroleum by 61.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,631,425 shares of the oil and natural gas company’s stock worth $52,057,000 after purchasing an additional 1,755,125 shares during the last quarter. BlackRock Inc. increased its position in shares of Callon Petroleum by 96,684.2% during the 1st quarter. BlackRock Inc. now owns 12,101,893 shares of the oil and natural gas company’s stock worth $159,259,000 after purchasing an additional 12,089,389 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Callon Petroleum by 24.0% during the 2nd 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 purchasing an additional 425,767 shares during the last quarter. Rhumbline Advisers increased its position in shares of Callon Petroleum by 16.0% during the 2nd quarter. Rhumbline Advisers now owns 250,714 shares of the oil and natural gas company’s stock worth $2,660,000 after purchasing an additional 34,532 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Callon Petroleum by 22.8% during the 2nd quarter. Voya Investment Management LLC now owns 93,670 shares of the oil and natural gas company’s stock worth $994,000 after purchasing an additional 17,410 shares during the last quarter.
Several equities analysts have recently weighed in on CPE shares. BMO Capital Markets set a $15.00 price objective on Callon Petroleum and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded Callon Petroleum from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC started coverage on Callon Petroleum in a report on Monday, October 9th. They set a “buy” rating and a $16.00 price objective on the stock. Northland Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Callon Petroleum in a report on Wednesday, November 1st. Finally, Bank of America Corporation started coverage on Callon Petroleum in a report on Monday, October 16th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.50.
Callon Petroleum (CPE) opened at $9.93 on Thursday. The firm has a market capitalization of $2,020.00, a P/E ratio of 31.00 and a beta of 1.38. Callon Petroleum has a 1 year low of $9.34 and a 1 year high of $18.53. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84.
Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The company had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. sell-side analysts forecast that Callon Petroleum will post 0.41 earnings per share for the current fiscal year.
Callon Petroleum Company 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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