Shares of Callon Petroleum Co. (NYSE:CPE) fell 3.4% during trading on Thursday . The stock traded as low as $11.46 and last traded at $11.47, with a volume of 1,146,169 shares changing hands. The stock had previously closed at $11.87.

Several research firms have recently commented on CPE. Citigroup Inc. increased their price target on shares of Callon Petroleum from $12.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday. Roth Capital reissued a “buy” rating on shares of Callon Petroleum in a research note on Tuesday, July 12th. Zacks Investment Research raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 12th. KLR Group began coverage on shares of Callon Petroleum in a research note on Monday, July 11th. They set a “buy” rating and a $17.00 price target on the stock. Finally, US Capital Advisors reissued a “buy” rating on shares of Callon Petroleum in a research note on Monday, June 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $12.36.

The stock’s 50 day moving average is $11.64 and its 200 day moving average is $9.15. The firm’s market cap is $1.37 billion.

Several large investors have recently bought and sold shares of CPE. Systematic Financial Management LP raised its stake in Callon Petroleum by 51.2% in the fourth quarter. Systematic Financial Management LP now owns 1,654,725 shares of the company’s stock worth $13,800,000 after buying an additional 560,270 shares in the last quarter. New York State Common Retirement Fund raised its stake in 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 worth $9,417,000 after buying an additional 148,980 shares in the last quarter. Wells Fargo & Company MN raised its stake in Callon Petroleum by 324.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,115,392 shares of the company’s stock worth $9,302,000 after buying an additional 852,602 shares in the last quarter. UBS Oconnor LLC raised its stake in Callon Petroleum by 1.8% in the fourth quarter. UBS Oconnor LLC now owns 875,419 shares of the company’s stock worth $7,301,000 after buying an additional 15,273 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new stake in Callon Petroleum during the fourth quarter worth approximately $5,414,000.

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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