Callon Petroleum Co. (NYSE:CPE) shares traded down 6.1% during trading on Monday . The company traded as low as $10.68 and last traded at $10.70, with a volume of 1,429,002 shares traded. The stock had previously closed at $11.39.

A number of research analysts have recently commented on the company. Iberia Capital upped their price target on Callon Petroleum from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, April 28th. Zacks Investment Research upgraded Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Monday, April 25th. Canaccord Genuity reiterated a “buy” rating and set a $13.00 price target on shares of Callon Petroleum in a report on Thursday, May 5th. FBR & Co reiterated a “buy” rating on shares of Callon Petroleum in a report on Thursday, May 5th. Finally, Howard Weil upgraded Callon Petroleum from a “sector outperform” rating to a “focus stock” rating in a report on Monday, May 16th. One analyst has rated the stock with a sell rating, three have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.36.

The stock’s market cap is $1.28 billion. The stock’s 50-day moving average is $11.48 and its 200 day moving average is $9.40.

A number of institutional investors recently made changes to their positions in CPE. Systematic Financial Management LP boosted its position 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 in the last quarter. Marshall Wace LLP boosted its position in shares of Callon Petroleum by 283.6% in the fourth quarter. Marshall Wace LLP now owns 175,728 shares of the company’s stock valued at $1,466,000 after buying an additional 129,923 shares in the last quarter. UBS Oconnor LLC boosted its position in shares of Callon Petroleum by 1.8% in the fourth quarter. UBS Oconnor LLC now owns 875,419 shares of the company’s stock valued at $7,301,000 after buying an additional 15,273 shares in the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Callon Petroleum during the fourth quarter valued at $5,414,000. Finally, Wells Fargo & Company MN boosted its position 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 in the last quarter.

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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