Callon Petroleum Co. (NYSE:CPE)’s share price traded down 1.7% on Thursday . The company traded as low as $11.21 and last traded at $11.31, with a volume of 1,178,354 shares traded. The stock had previously closed at $11.51.

A number of equities analysts have weighed in on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $13.00 price target on shares of Callon Petroleum in a research report on Thursday, May 5th. Stephens dropped their price target on shares of Callon Petroleum from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, April 18th. Roth Capital reiterated a “buy” rating on shares of Callon Petroleum in a research report on Thursday, May 26th. Sterne Agee CRT reiterated a “buy” rating on shares of Callon Petroleum in a research report on Monday, May 16th. Finally, Zacks Investment Research lowered shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $12.00.

The company has a 50-day moving average price of $11.54 and a 200-day moving average price of $8.94. The company’s market cap is $1.42 billion.

Other large investors have made changes to their positions in the company. Wells Fargo & Company MN boosted its stake in shares of Callon Petroleum by 324.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,115,392 shares of the company’s stock valued at $9,302,000 after buying an additional 852,602 shares during the period. Monarch Partners Asset Management LLC acquired a new stake in shares of Callon Petroleum during the fourth quarter valued at about $5,414,000. Systematic Financial Management LP boosted its stake in shares of Callon Petroleum by 51.2% in the fourth quarter. Systematic Financial Management LP now owns 1,654,725 shares of the company’s stock valued at $13,800,000 after buying an additional 560,270 shares during the period. Telemark Asset Management LLC acquired a new stake in shares of Callon Petroleum during the fourth quarter valued at about $3,336,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Callon Petroleum by 15.2% in the fourth quarter. New York State Common Retirement Fund now owns 1,129,085 shares of the company’s stock valued at $9,417,000 after buying an additional 148,980 shares during the period.

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. 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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