Stevens Capital Management LP bought a new stake in shares of Callon Petroleum (NYSE:CPE) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 85,651 shares of the oil and natural gas company’s stock, valued at approximately $920,000.

A number of other hedge funds also recently modified their holdings of CPE. Columbus Circle Investors purchased a new stake in Callon Petroleum during the 2nd quarter valued at about $32,328,000. Channing Capital Management LLC boosted its holdings in Callon Petroleum by 65.6% during the 2nd quarter. Channing Capital Management LLC now owns 5,709,338 shares of the oil and natural gas company’s stock valued at $61,319,000 after acquiring an additional 2,262,652 shares during the period. Fisher Asset Management LLC boosted its holdings in Callon Petroleum by 301.6% during the 2nd quarter. Fisher Asset Management LLC now owns 2,754,832 shares of the oil and natural gas company’s stock valued at $29,587,000 after acquiring an additional 2,068,832 shares during the period. Artisan Partners Limited Partnership purchased a new stake in Callon Petroleum during the 1st quarter valued at about $23,895,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Callon Petroleum by 12.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 15,004,663 shares of the oil and natural gas company’s stock worth $198,662,000 after buying an additional 1,705,244 shares during the period.

CPE stock opened at $11.55 on Friday. Callon Petroleum has a twelve month low of $9.34 and a twelve month high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market cap of $2.55 billion, a P/E ratio of 27.50 and a beta of 0.98.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, August 6th. The oil and natural gas company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Callon Petroleum had a net margin of 31.27% and a return on equity of 7.25%. The company had revenue of $137.10 million for the quarter, compared to the consensus estimate of $133.66 million. During the same period last year, the business earned $0.09 EPS. The firm’s quarterly revenue was up 66.6% on a year-over-year basis. equities research analysts forecast that Callon Petroleum will post 0.89 earnings per share for the current fiscal year.

CPE has been the subject of several research analyst reports. ValuEngine cut Callon Petroleum from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Zacks Investment Research raised Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, July 18th. Barclays started coverage on Callon Petroleum in a research report on Wednesday. They issued an “overweight” rating and a $14.00 target price for the company. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $20.00 target price on shares of Callon Petroleum in a research report on Sunday, August 12th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.11.

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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