Stanley Laman Group Ltd. Purchases Shares of 89,469 Callon Petroleum (NYSE:CPE)

Stanley Laman Group Ltd. acquired a new stake in Callon Petroleum (NYSE:CPE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 89,469 shares of the oil and natural gas company’s stock, valued at approximately $2,899,000. Stanley Laman Group Ltd. owned about 0.13% of Callon Petroleum at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPE. Signaturefd LLC lifted its stake in shares of Callon Petroleum by 241.5% in the 4th quarter. Signaturefd LLC now owns 1,325 shares of the oil and natural gas company’s stock valued at $43,000 after purchasing an additional 937 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Callon Petroleum during the 3rd quarter worth approximately $98,000. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Callon Petroleum by 315.8% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,757 shares of the oil and natural gas company’s stock worth $108,000 after acquiring an additional 2,094 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Callon Petroleum during the 4th quarter worth approximately $108,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Callon Petroleum by 24.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,171 shares of the oil and natural gas company’s stock worth $163,000 after acquiring an additional 810 shares during the last quarter. 91.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Mizuho decreased their price target on Callon Petroleum from $38.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, March 15th. Stifel Nicolaus reissued a “hold” rating and set a $32.00 price target (down from $44.00) on shares of Callon Petroleum in a research note on Tuesday, January 23rd. Finally, StockNews.com initiated coverage on Callon Petroleum in a research note on Sunday, April 21st. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.33.

Callon Petroleum Stock Performance

Shares of NYSE:CPE remained flat at $35.76 on Friday. Callon Petroleum has a fifty-two week low of $28.62 and a fifty-two week high of $41.36. The business’s 50-day moving average price is $34.10 and its 200 day moving average price is $33.72. The stock has a market cap of $2.38 billion, a P/E ratio of 5.87 and a beta of 2.46. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings results on Monday, February 26th. The oil and natural gas company reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.12). Callon Petroleum had a net margin of 17.12% and a return on equity of 12.65%. The company had revenue of $601.36 million during the quarter, compared to analysts’ expectations of $563.30 million. As a group, analysts expect that Callon Petroleum will post 6.56 EPS for the current year.

Callon Petroleum Company Profile

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.