Callon Petroleum Company (CPE) Ownership Decreased by Cardinal Capital Management LLC

Marco Green
November 18, 2017

Stock analysts at Seaport Global Securities cut their Q4 2017 earnings estimates for Callon Petroleum in a research note issued to investors on Tuesday. Callon Petroleum now has an average rating of Buy and an average price target of $17.50. Jefferies Group LLC updated guidance on CPE by announcing an initial rating of "Buy".

Additionally on 8/15/17 Imperial Capital "Initiates Coverage On" Callon Petroleum Company (NYSE:CPE) to Outperform setting price target at $16 and on 7/21/17 Citigroup "Maintained" the stock to Buy at $14.

ILLEGAL ACTIVITY WARNING: "Callon Petroleum Company (CPE) Holdings Raised by The Manufacturers Life Insurance Company" was first posted by TrueBlueTribune and is the property of of TrueBlueTribune. Finally, RBC Capital Markets reaffirmed a buy rating and issued a $21.00 price target on shares of Callon Petroleum Company in a research note on Wednesday, January 4th. If the published price targets set by PayPal Holdings, Inc. analysts have any power to influence the stock's share price, the highest price target set for PYPL is $90.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Callon Petroleum Company (NYSE:CPE) high price target of $22 and with a conservative view have low price target of $10.

Callon Petroleum Company (NYSE:CPE) received a Buy rating from 3 analysts. This implies that they believe the stock has what it takes to lift the price another 28.59%. For the current quarter Callon Petroleum Company (NYSE:CPE) has high EPS estimates of $0.19 in contradiction of low EPS estimates of $-0.04. The firm has fifty days moving average percentage of -9.89% to its latest price change. Callon Petroleum has a 1-year low of $9.34 and a 1-year high of $18.53. The oil and natural gas company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). Callon Petroleum had a net margin of 30.20% and a return on equity of 4.05%. Average estimation for the current quarter has been provided by 25 analysts. During the same quarter in the previous year, the firm posted $0.05 EPS. The business's revenue for the quarter was up 51.3% on a year-over-year basis. equities research analysts anticipate that Callon Petroleum will post 0.41 EPS for the current year. Greenwood Cap Associate Lc has invested 0.09% in Callon Petroleum Company (NYSE:CPE).

In other Callon Petroleum Company news, VP Jerry A. Weant sold 4,000 shares of the company's stock in a transaction dated Tuesday, February 14th. The total value of its holdings increased 63.1%. Viking Fund Limited Liability Company reported 1.14M shares.

Large investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its stake in shares of Callon Petroleum Company by 1.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 833,642 shares of the oil and natural gas company's stock worth $10,971,000 after acquiring an additional 163,233 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Callon Petroleum by 36.8% during the 2nd quarter. Luminus Management LLC now owns 2,554,302 shares worth $28,711,000. Brown Advisory Inc. boosted its stake in shares of Callon Petroleum Company by 33.9% in the fourth quarter.

As of quarter end RR Advisors, LLC had bought 75,000 shares growing its stake by 21.1%. Finally, M&T Bank Corp increased its stake in shares of Callon Petroleum by 16.6% during the 2nd quarter. Legal & General Group Plc now owns 68,172 shares of the oil and natural gas company's stock worth $892,000 after buying an additional 13,643 shares during the period. Bank of America Corporation started coverage on shares of Callon Petroleum in a report on Monday, October 16th.

Callon Petroleum Company is an independent oil and natural gas company. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin.

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