Brown Advisory Inc. grew its holdings in Callon Petroleum (NYSE:CPE) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,442 shares of the oil and natural gas company’s stock after acquiring an additional 4,334 shares during the quarter. Brown Advisory Inc.’s holdings in Callon Petroleum were worth $432,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CPE. Bank of Montreal Can boosted its position in shares of Callon Petroleum by 8.1% in the second quarter. Bank of Montreal Can now owns 146,246 shares of the oil and natural gas company’s stock valued at $1,552,000 after acquiring an additional 10,935 shares during the period. Aperio Group LLC raised its stake in Callon Petroleum by 90.4% in the second quarter. Aperio Group LLC now owns 55,141 shares of the oil and natural gas company’s stock valued at $585,000 after purchasing an additional 26,180 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new position in Callon Petroleum in the second quarter valued at about $356,000. Janney Montgomery Scott LLC acquired a new position in Callon Petroleum in the second quarter valued at about $148,000. Finally, Sei Investments Co. raised its stake in Callon Petroleum by 67.8% in the second quarter. Sei Investments Co. now owns 52,907 shares of the oil and natural gas company’s stock valued at $561,000 after purchasing an additional 21,374 shares in the last quarter.

Callon Petroleum (NYSE CPE) opened at $10.99 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $2,159.65, a PE ratio of 29.72 and a beta of 1.33. Callon Petroleum has a 52 week low of $9.34 and a 52 week high of $18.00.

Callon Petroleum (NYSE:CPE) last issued its earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Callon Petroleum had a return on equity of 4.05% and a net margin of 30.20%. The business had revenue of $84.60 million for the quarter, compared to analyst estimates of $81.98 million. During the same period in the previous year, the firm posted $0.09 EPS. The firm’s revenue was up 51.3% compared to the same quarter last year. sell-side analysts forecast that Callon Petroleum will post 0.39 EPS for the current year.

A number of research analysts recently commented on the company. BMO Capital Markets set a $15.00 price target on Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group assumed coverage on Callon Petroleum in a research note on Monday, October 9th. They issued a “buy” rating and a $16.00 price target for the company. Northland Securities reaffirmed a “buy” rating and issued a $18.00 price target on shares of Callon Petroleum in a research note on Wednesday, November 1st. Bank of America assumed coverage on Callon Petroleum in a research note on Monday, October 16th. They issued a “buy” rating for the company. Finally, Credit Suisse Group assumed coverage on Callon Petroleum in a research note on Monday. They issued a “hold” rating and a $12.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the stock. Callon Petroleum has a consensus rating of “Buy” and a consensus price target of $17.09.

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

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