BlueCrest Capital Management Ltd Has $1.25 Million Holdings in Callon Petroleum Company (CPE)

BlueCrest Capital Management Ltd boosted its stake in Callon Petroleum Company (NYSE:CPE) by 434.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,506 shares of the oil and natural gas company’s stock after buying an additional 95,501 shares during the period. BlueCrest Capital Management Ltd owned 0.06% of Callon Petroleum worth $1,247,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CPE. Great West Life Assurance Co. Can increased its position in Callon Petroleum by 25.3% in the first quarter. Great West Life Assurance Co. Can now owns 20,800 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 4,200 shares during the period. Karp Capital Management Corp acquired a new stake in Callon Petroleum in the first quarter worth $381,000. Sei Investments Co. increased its position in Callon Petroleum by 25.6% in the first quarter. Sei Investments Co. now owns 31,533 shares of the oil and natural gas company’s stock worth $415,000 after buying an additional 6,428 shares during the period. Ameritas Investment Partners Inc. increased its position in Callon Petroleum by 27.9% in the first quarter. Ameritas Investment Partners Inc. now owns 15,572 shares of the oil and natural gas company’s stock worth $205,000 after buying an additional 3,400 shares during the period. Finally, M&T Bank Corp increased its position in 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 worth $170,000 after buying an additional 2,203 shares during the period.

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CPE has been the topic of several analyst reports. Citigroup Inc. dropped their target price 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. BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 target price on shares of Callon Petroleum in a research report on Wednesday, September 6th. Royal Bank Of Canada set a $16.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered Callon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, Northland Securities set a $18.00 target price on Callon Petroleum and gave the stock a “buy” rating in a research report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $17.50.

Callon Petroleum Company (CPE) opened at 11.03 on Friday. The company has a market cap of $2.23 billion, a PE ratio of 21.01 and a beta of 1.43. Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53. The company’s 50-day moving average price is $10.77 and its 200 day moving average price is $11.23.

Callon Petroleum (NYSE:CPE) last released its earnings results 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 firm had revenue of $82.30 million for the quarter, compared to the consensus estimate of $83.89 million. Callon Petroleum had a return on equity of 4.16% and a net margin of 34.61%. The company’s revenue was up 82.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.61) EPS. On average, analysts anticipate that Callon Petroleum Company will post $0.48 EPS for the current 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.

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

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