Green Square Capital LLC purchased a new position in Callon Petroleum (NYSE:CPE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 17,595 shares of the oil and natural gas company’s stock, valued at approximately $189,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CPE. Prospera Financial Services Inc purchased a new stake in shares of Callon Petroleum in the second quarter valued at approximately $113,000. Miller Investment Management LP purchased a new stake in shares of Callon Petroleum in the first quarter valued at approximately $132,000. Marietta Investment Partners LLC purchased a new stake in shares of Callon Petroleum in the second quarter valued at approximately $153,000. HPM Partners LLC purchased a new stake in shares of Callon Petroleum in the second quarter valued at approximately $161,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Callon Petroleum in the second quarter valued at approximately $174,000.
In other Callon Petroleum news, VP Mitzi P. Conn sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $11.76, for a total value of $176,400.00. Following the sale, the vice president now directly owns 42,062 shares in the company, valued at $494,649.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by company insiders.
Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Monday, August 6th. The oil and natural gas company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $137.10 million during the quarter, compared to analyst estimates of $133.66 million. Callon Petroleum had a net margin of 31.27% and a return on equity of 7.25%. The firm’s revenue was up 66.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, equities analysts forecast that Callon Petroleum will post 0.86 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on CPE shares. TheStreet upgraded Callon Petroleum from a “c+” rating to a “b-” rating in a research report on Monday, September 17th. KLR Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Callon Petroleum in a research report on Monday, August 20th. Stephens set a $20.00 price objective on Callon Petroleum and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Piper Jaffray Companies reiterated a “buy” rating and issued a $20.00 price objective on shares of Callon Petroleum in a research report on Sunday, August 12th. Finally, Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 18th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $16.11.
About Callon Petroleum
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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