HAP Trading LLC Boosts Position in Callon Petroleum Company (CPE)

HAP Trading LLC increased its holdings in shares of Callon Petroleum Company (NYSE:CPE) by 34.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,621 shares of the oil and natural gas company’s stock after purchasing an additional 7,061 shares during the quarter. HAP Trading LLC’s holdings in Callon Petroleum were worth $310,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPE. Fondren Management LP bought a new stake in Callon Petroleum during the 2nd quarter worth approximately $106,000. FFT Wealth Management LLC bought a new stake in Callon Petroleum during the 2nd quarter worth approximately $113,000. Raymond James Financial Services Advisors Inc. bought a new stake in Callon Petroleum during the 2nd quarter worth approximately $133,000. Intrust Bank NA bought a new stake in Callon Petroleum during the 3rd quarter worth approximately $139,000. Finally, Crossmark Global Holdings Inc. bought a new stake in Callon Petroleum during the 3rd quarter worth approximately $142,000.

Shares of Callon Petroleum Company (NYSE CPE) traded up $0.27 during trading on Friday, reaching $10.16. The company’s stock had a trading volume of 3,304,646 shares, compared to its average volume of 5,002,351. Callon Petroleum Company has a fifty-two week low of $9.34 and a fifty-two week high of $18.53. The firm has a market cap of $2,050.00, a P/E ratio of 28.64 and a beta of 1.38. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.32.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, November 6th. The oil and natural gas company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. 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 prior year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 51.3% compared to the same quarter last year. sell-side analysts expect that Callon Petroleum Company will post 0.41 EPS for the current year.

A number of equities analysts have weighed in on the company. Jefferies Group LLC assumed coverage on Callon Petroleum in a research report on Monday, October 9th. They set a “buy” rating and a $16.00 price target for the company. Northland Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Callon Petroleum in a research report on Wednesday, November 1st. Zacks Investment Research raised Callon Petroleum from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of Callon Petroleum in a research report on Wednesday, September 6th. Finally, BidaskClub downgraded Callon Petroleum from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.50.

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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.

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

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