Callon Petroleum Co. (NYSE:CPE) traded up 3.9% on Tuesday . The stock traded as high as $13.23 and last traded at $12.90, with a volume of 3,756,373 shares traded. The stock had previously closed at $12.42.

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

The company has a 50 day moving average of $11.54 and a 200-day moving average of $9.67. The company’s market cap is $1.52 billion.

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

A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. Russell Frank Co boosted its position in Callon Petroleum by 27.1% in the fourth quarter. Russell Frank Co now owns 421,568 shares of the company’s stock valued at $3,338,000 after buying an additional 89,846 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Callon Petroleum by 23.8% in the fourth quarter. California State Teachers Retirement System now owns 148,473 shares of the company’s stock worth $1,238,000 after buying an additional 28,568 shares during the period. New York State Common Retirement Fund increased 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 during the period. Wells Fargo & Company MN increased 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 during the period. Finally, Marshall Wace LLP increased 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 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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