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Main » Hillcrest Asset Management LLC Sells 23624 Shares of Callon Petroleum Company (CPE)

Hillcrest Asset Management LLC Sells 23624 Shares of Callon Petroleum Company (CPE)

14 November 2017

The stock decreased 1.01% or $0.12 on November 10, reaching $11.72.

Caymus Capital Partners L.P. holds 5.92% of its portfolio in Callon Petroleum Company for 4.86 million shares. Callon Petroleum Company (CPE) has risen 12.29% since November 14, 2016 and is uptrending. It has underperformed by 4.41% the S&P500.

November 1 investment analysts at Northland Securities held the company rating at "Buy" targeting a price of $18.00. Therefore 50% are positive. On Tuesday, November 1 the stock rating was initiated by Bank of America with "Buy". The firm earned "Hold" rating on Thursday, October 19 by Shore Capital. The company was upgraded on Tuesday, May 3 by Credit Suisse. Canaccord Genuity maintained it with "Buy" rating and $18 target in Thursday, September 8 report. On August 24, 2017 Royal Bank Of Canada released a research note on CPE and giving a rating of "Buy" and projecting a price target of $16.00. As per Friday, January 22, the company rating was maintained by Nomura. Wells Fargo initiated the stock with "Market Perform" rating in Monday, March 27 report. On Wednesday, April 26 the stock rating was initiated by Barclays Capital with "Overweight". The company operates in the Energy sector with a market capitalization of 2.39 Million. It has a 24.28 P/E ratio. The Company's divisions include Canadian Retail, U.S. About 4.06M shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since November 14, 2016 and is uptrending.

Hillcrest Asset Management LLC decreased its holdings in shares of Callon Petroleum Company (NYSE:CPE) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. Out of 8 Wall Street analysts rating Callon Petroleum, 7 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Sold All: 38 Reduced: 55 Increased: 128 New Position: 33.

Callon Petroleum Company (NYSE:CPE) reported its EPS in the last quarter as $0.09/Share lagging the analyst estimate of $0.09/Share by a difference of $0. Segall Bryant And Hamill Ltd owns 482,679 shares. The volume of CPE witnessed a shift from 4.18 million shares, based on a 50-day average, to 5.2 million shares. LKSD's profit will be $23.69M for 5.31 P/E if the $0.68 EPS becomes a reality. Bridgeway Mgmt accumulated 0.03% or 271,300 shares. Ameriprise Finance Incorporated holds 762,626 shares. FBR Capital maintained the stock with "Outperform" rating in Wednesday, March 1 report. Dana Inv Advsr, a Wisconsin-based fund reported 159,391 shares. Employees Retirement Sys Of Ohio reported 180,700 shares or 0.01% of all its holdings. Ftb Advisors invested in 0% or 2,432 shares. 1492 Cap Mgmt Ltd Liability has 15,412 shares. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty-two have issued a buy rating to the company's stock. Therefore 0 are positive. Zacks Investment Research lowered Callon Petroleum from a "buy" rating to a "hold" rating in a research note on Monday, July 11th. The rating was maintained by BMO Capital Markets on Wednesday, August 2 with "Buy". Jefferies Group LLC started coverage on shares of Callon Petroleum in a research report on Monday, October 9th. The fund owned 943,476 shares of the oil and natural gas company's stock after selling 23,624 shares during the period. As per Monday, September 21, the company rating was initiated by RBC Capital Markets. The stock of Callon Petroleum Company (NYSE:CPE) earned "Buy" rating by Tudor Pickering on Tuesday, June 20. The rating was maintained by Stifel Nicolaus on Friday, September 1 with "Buy".

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Short traders are more bullish on Callon Petroleum Company as evidenced by the decrease in short interest. JP Morgan has "Overweight" rating and $10 target. The legal version of this piece can be accessed at https://weekherald.com/2017/11/14/cambiar-investors-llc-has-11-83-million-stake-in-callon-petroleum-company-cpe.html.

After a recent scan, we can see that Callon Petroleum Company (NYSE:CPE) has a Shareholder Yield of -0.284416 and a Shareholder Yield (Mebane Faber) of -0.38085.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on February, 26. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. The analysts estimated EPS for the higher end at 0.19 and lower end at -0.04 while the year ago reported earnings per share was 0.17.

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