Callon Petroleum Co. (NYSE:CPE)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.18 and last traded at $13.98, with a volume of 1,447,518 shares trading hands. The stock had previously closed at $13.61.

Several equities analysts recently issued reports on CPE shares. Imperial Capital lifted their price target on shares of Callon Petroleum from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, April 22nd. Wunderlich lifted their price target on shares of Callon Petroleum from $17.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research downgraded shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. Howard Weil raised shares of Callon Petroleum from a “sector outperform” rating to a “focus stock” rating in a research note on Monday, May 16th. Finally, Scotiabank raised shares of Callon Petroleum to an “outperform” rating and set a $16.00 target price for the company in a research note on Tuesday, May 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Callon Petroleum presently has an average rating of “Buy” and an average price target of $13.25.

The company’s market capitalization is $1.85 billion. The firm’s 50-day moving average is $11.64 and its 200-day moving average is $9.75.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by $0.65. The firm had revenue of $45.14 million for the quarter, compared to the consensus estimate of $47.75 million. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, equities analysts expect that Callon Petroleum Co. will post $0.18 EPS for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of the stock. Marshall Wace LLP raised 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 worth $1,466,000 after buying an additional 129,923 shares during the period. Wells Fargo & Company MN raised 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 worth $9,302,000 after buying an additional 852,602 shares during the period. New York State Common Retirement Fund raised its position 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. California State Teachers Retirement System raised its position 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. Finally, Russell Frank Co raised its position in shares of Callon Petroleum by 27.1% in the fourth quarter. Russell Frank Co now owns 421,568 shares of the company’s stock worth $3,338,000 after buying an additional 89,846 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.