Callon Petroleum Company (CPE) : Mesirow Financial Investment Management Us Value Equity scooped up 5,213 additional shares in Callon Petroleum Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 251,989 shares of Callon Petroleum Company which is valued at $2.7 Million.Callon Petroleum Company makes up approximately 1.25% of Mesirow Financial Investment Management Us Value Equity’s portfolio.
Other Hedge Funds, Including , 1492 Capital Management boosted its stake in CPE in the latest quarter, The investment management firm added 175,833 additional shares and now holds a total of 209,256 shares of Callon Petroleum Company which is valued at $2.3 Million. Callon Petroleum Company makes up approx 1.95% of 1492 Capital Management’s portfolio. Ftb Advisors added CPE to its portfolio by purchasing 2,053 company shares during the most recent quarter which is valued at $22,193.New York State Common Retirement Fund boosted its stake in CPE in the latest quarter, The investment management firm added 285,600 additional shares and now holds a total of 1,414,685 shares of Callon Petroleum Company which is valued at $14.7 Million. Callon Petroleum Company makes up approx 0.02% of New York State Common Retirement Fund’s portfolio. Campbell Co Investment Adviser added CPE to its portfolio by purchasing 13,662 company shares during the most recent quarter which is valued at $141,812. Callon Petroleum Company makes up approx 0.52% of Campbell Co Investment Adviser’s portfolio.
Callon Petroleum Company opened for trading at $11.26 and hit $11.6 on the upside on Monday, eventually ending the session at $11.31, with a gain of 4.63% or 0.5 points. The heightened volatility saw the trading volume jump to 28,10,801 shares. Company has a market cap of $1,373 M.
On the company’s financial health, Callon Petroleum Company reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 2, 2016. Analyst had a consensus of $0.03. The company had revenue of $33.56 million for the quarter, compared to analysts expectations of $37.57 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.05 EPS.
Many Wall Street Analysts have commented on Callon Petroleum Company. Callon Petroleum Company was Upgraded by Scotia Howard Weil to ” Focus Stock” on May 16, 2016. Company shares were Reiterated by Imperial Capital on May 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by Scotia Howard Weil on Apr 26, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $10 .
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 is focused on unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. Its asset base is concentrated in the Midland Basin located within the broader Permian Basin. Its operations are focused on horizontal drilling of several prospective intervals including multiple levels of the Wolfcamp formation. The Company operates two horizontal drilling rigs focused on four prospective zones for development. The Company drilled approximately 27 gross (24.4 net) horizontal and 7 gross (4.3 net) vertical wells while completing around 31 gross (27.3 net) horizontal and 5 gross (3.1 net) vertical wells. The Company also owns 6230 gross (3862 net) acres located in Midland Andrews and Martin Counties.