Callon Pete Co Del (CPE) Holder Cannell Capital LLC Lowered Its Position as Market Value Declined

July 18, 2017 - By Adrian Mccoy

Investors sentiment increased to 2.19 in Q4 2016. Its up 0.64, from 1.55 in 2016Q3. It improved, as 22 investors sold CPE shares while 59 reduced holdings. 66 funds opened positions while 111 raised stakes. 206.80 million shares or 26.07% more from 164.04 million shares in 2016Q3 were reported. Tower Rech Capital Limited Com (Trc) reported 876 shares. Aperio Grp Limited Com invested 0% in Callon Petroleum Company (NYSE:CPE). Schwab Charles Invest holds 0.01% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 670,409 shares. Lord Abbett And Ltd Liability Corp stated it has 2.03M shares or 0.09% of all its holdings. Hbk Invests LP accumulated 1.18 million shares. Pillar Pacific Capital Mgmt Limited Liability Company holds 34,000 shares or 0.08% of its portfolio. Price T Rowe Md holds 0% of its portfolio in Callon Petroleum Company (NYSE:CPE) for 67,839 shares. Amalgamated National Bank & Trust has invested 0.01% in Callon Petroleum Company (NYSE:CPE). Friess Limited Liability Co invested 0.96% in Callon Petroleum Company (NYSE:CPE). Northern Corporation invested 0.01% in Callon Petroleum Company (NYSE:CPE). Pnc Services Grp Inc Inc accumulated 0% or 75,716 shares. Emerald Advisers Pa reported 1.2% stake. 1,887 were reported by Ftb. Ngam Advisors Ltd Partnership holds 274,782 shares or 0.05% of its portfolio. Selz Lc owns 200,000 shares for 0.79% of their portfolio.

Since February 14, 2017, it had 0 buys, and 1 sale for $57,800 activity. WEANT JERRY A had sold 4,000 shares worth $57,800.

J. Carlo Cannell decreased its stake in Callon Pete Co Del (CPE) by 52.88% based on its latest 2016Q4 regulatory filing with the SEC. Cannell Capital Llc sold 294,807 shares as the company’s stock declined 11.69% while stock markets rallied. The hedge fund run by J. Carlo Cannell held 262,646 shares of the oil & gas production company at the end of 2016Q4, valued at $4.04M, down from 557,453 at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Callon Pete Co Del for a number of months, seems to be less bullish one the $2.14B market cap company. The stock decreased 0.60% or $0.07 on July 17, reaching $10.73. About shares traded. Callon Petroleum Company (NYSE:CPE) has risen 12.29% since July 18, 2016 and is uptrending. It has underperformed by 4.41% the S&P500.

Cannell Capital Llc, which manages about $347.86 million and $313.53M US Long portfolio, upped its stake in Veracyte Inc (NASDAQ:VCYT) by 698,871 shares to 1.08 million shares, valued at $8.36M in 2016Q4, according to the filing.

Analysts expect Callon Petroleum Company (NYSE:CPE) to report $0.13 EPS on August, 14.They anticipate $0.08 EPS change or 160.00 % from last quarter’s $0.05 EPS. CPE’s profit would be $25.93M giving it 20.63 P/E if the $0.13 EPS is correct. After having $0.10 EPS previously, Callon Petroleum Company’s analysts see 30.00 % EPS growth.

More news for Callon Petroleum Company (NYSE:CPE) were recently published by: Prnewswire.com, which released: “Callon Petroleum Company Announces Upcoming Investor Event” on June 20, 2017. Prnewswire.com‘s article titled: “Callon Petroleum Company Announces Interim Chief Financial Officer” and published on June 22, 2017 is yet another important article.

Callon Petroleum Company (NYSE:CPE) Ratings Coverage

Among 27 analysts covering Callon Petroleum (NYSE:CPE), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Callon Petroleum has $26 highest and $8 lowest target. $15.69’s average target is 46.23% above currents $10.73 stock price. Callon Petroleum had 59 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, April 18 by Stephens. On Monday, November 9 the stock rating was maintained by Imperial Capital with “Outperform”. RBC Capital Markets upgraded the shares of CPE in report on Thursday, September 8 to “Outperform” rating. Wunderlich maintained Callon Petroleum Company (NYSE:CPE) on Thursday, May 26 with “Buy” rating. Imperial Capital maintained Callon Petroleum Company (NYSE:CPE) on Tuesday, February 9 with “Outperform” rating. iBERIA Capital Partners maintained it with “Outperform” rating and $14 target in Thursday, April 28 report. The firm earned “Buy” rating on Monday, July 17 by Northland Capital. The firm earned “Focus Stock” rating on Monday, May 16 by Howard Weil. Stifel Nicolaus maintained Callon Petroleum Company (NYSE:CPE) on Thursday, July 13 with “Buy” rating. FBR Capital maintained it with “Outperform” rating and $19 target in Friday, September 9 report.

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