Callon Petroleum Co. (NYSE:CPE) shares were up 1.6% on Thursday . The company traded as high as $14.52 and last traded at $14.36, with a volume of 2,090,562 shares changing hands. The stock had previously closed at $14.14.

A number of research analysts have weighed in on CPE shares. 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 research note on Wednesday, August 10th. Zacks Investment Research lowered shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Howard Weil raised shares of Callon Petroleum from a “sector outperform” rating to a “focus stock” rating in a research report on Monday, May 16th. Scotiabank raised shares of Callon Petroleum to an “outperform” rating and set a $16.00 price objective on the stock in a research report on Tuesday, May 17th. Finally, Citigroup Inc. started coverage on shares of Callon Petroleum in a research report on Wednesday, June 29th. They issued a “neutral” rating and a $12.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Callon Petroleum has a consensus rating of “Buy” and a consensus price target of $13.50.

The company’s 50-day moving average is $12.43 and its 200-day moving average is $10.29. The firm’s market cap is $1.89 billion.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings results 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. During the same period in the prior year, the firm posted ($0.11) earnings per share. The company had revenue of $45.14 million for the quarter, compared to analyst estimates of $47.75 million. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. Analysts anticipate that Callon Petroleum Co. will post $0.23 EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of the stock. Wells Fargo & Company MN increased 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. 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 during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Callon Petroleum by 22.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 147,300 shares of the company’s stock valued at $1,229,000 after buying an additional 26,700 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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