Goldman Sachs Group Inc. lifted its holdings in shares of Callon Petroleum (NYSE:CPE) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,044,597 shares of the oil and natural gas company’s stock after purchasing an additional 152,860 shares during the quarter. Goldman Sachs Group Inc. owned approximately 4.48% of Callon Petroleum worth $109,891,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation acquired a new position in shares of Callon Petroleum during the 3rd quarter worth $105,000. BB&T Securities LLC acquired a new position in shares of Callon Petroleum during the 3rd quarter worth $112,000. Intrust Bank NA acquired a new position in shares of Callon Petroleum during the 3rd quarter worth $139,000. Virtu Financial LLC acquired a new position in shares of Callon Petroleum during the 4th quarter worth $151,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Callon Petroleum during the 2nd quarter worth $133,000.
Several research analysts have recently commented on the stock. ValuEngine lowered shares of Callon Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. B. Riley set a $12.00 target price on shares of Callon Petroleum and gave the company a “hold” rating in a research note on Friday, March 9th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 target price (up from $17.00) on shares of Callon Petroleum in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Callon Petroleum from a “sell” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Mizuho set a $15.00 target price on shares of Callon Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have issued a buy rating to the stock. Callon Petroleum has an average rating of “Buy” and a consensus price target of $16.35.
Callon Petroleum (NYSE CPE) opened at $11.66 on Wednesday. The company has a market cap of $2,372.79, a PE ratio of 20.82 and a beta of 1.19. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $13.92. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.33.
Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Tuesday, February 27th. The oil and natural gas company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Callon Petroleum had a net margin of 32.86% and a return on equity of 5.02%. The company had revenue of $118.21 million during the quarter, compared to the consensus estimate of $109.95 million. research analysts anticipate that Callon Petroleum will post 0.86 earnings per share for the current fiscal year.
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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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