Callon Petroleum Co. (NYSE:CPE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $12.57 and last traded at $12.44, with a volume of 2,222,648 shares changing hands. The stock had previously closed at $12.01.

Several equities analysts recently commented on the stock. Wunderlich increased their target price on shares of Callon Petroleum from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday. Imperial Capital raised their price target on shares of Callon Petroleum from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday. FBR & Co raised their price target on shares of Callon Petroleum from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday. Roth Capital reissued a “buy” rating on shares of Callon Petroleum in a report on Tuesday, July 12th. Finally, US Capital Advisors reissued a “buy” rating on shares of Callon Petroleum in a report on Monday, June 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.74.

The stock’s market capitalization is $1.52 billion. The firm’s 50 day moving average price is $11.51 and its 200-day moving average price is $9.65.

Callon Petroleum (NYSE:CPE) last posted its earnings results on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.65. During the same period last year, the firm posted ($0.11) EPS. The company earned $45.14 million during the quarter, compared to analysts’ expectations of $47.75 million. The firm’s revenue was up 15.0% compared to the same quarter last year. Equities research analysts predict that Callon Petroleum Co. will post $0.16 earnings per share for the current year.

A number of large investors have bought and sold shares of CPE. Systematic Financial Management LP boosted 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 valued at $13,800,000 after buying an additional 560,270 shares during the last quarter. Marshall Wace LLP boosted its stake 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 worth $1,466,000 after buying an additional 129,923 shares in the last quarter. UBS Oconnor LLC boosted its stake 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 worth $7,301,000 after buying an additional 15,273 shares in the last quarter. 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 worth $9,302,000 after buying an additional 852,602 shares in the last quarter. 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 worth $9,417,000 after buying an additional 148,980 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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