Shares of Callon Petroleum Co. (NYSE:CPE) reached a new 52-week high on Monday . The company traded as high as $14.18 and last traded at $13.98, with a volume of 1,447,518 shares. The stock had previously closed at $13.61.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, August 12th. JPMorgan Chase & Co. upped their price objective on shares of Callon Petroleum from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, August 11th. Citigroup Inc. boosted their target price on shares of Callon Petroleum from $12.50 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Wunderlich boosted their target price on shares of Callon Petroleum from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $16.00 target price (up from $14.00) on shares of Callon Petroleum in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Callon Petroleum has an average rating of “Buy” and an average price target of $13.25.

The company’s market cap is $1.82 billion. The company has a 50 day moving average of $11.83 and a 200-day moving average of $9.92.

Callon Petroleum (NYSE:CPE) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.65. The firm earned $45.14 million during the quarter, compared to analyst estimates of $47.75 million. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Equities research analysts forecast that Callon Petroleum Co. will post $0.21 earnings per share for the current year.

A number of large investors have bought and sold shares of the company. Russell Frank Co boosted its stake 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 boosted its stake in Callon Petroleum by 23.8% in the fourth quarter. California State Teachers Retirement System now owns 148,473 shares of the company’s stock valued at $1,238,000 after buying an additional 28,568 shares during the last quarter. Wells Fargo & Company MN boosted 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 valued at $9,302,000 after buying an additional 852,602 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in 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 during 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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