Shares of Callon Petroleum Co. (NYSE:CPE) hit a new 52-week high on Monday . The company traded as high as $14.67 and last traded at $14.65, with a volume of 768,839 shares traded. The stock had previously closed at $14.45.

CPE has been the subject of a number of recent research reports. Roth Capital reiterated a “buy” rating on shares of Callon Petroleum in a research note on Thursday, May 26th. Wunderlich increased their price target on shares of Callon Petroleum from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, May 26th. Zacks Investment Research upgraded shares of Callon Petroleum from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday, May 9th. Canaccord Genuity reiterated a “buy” rating and set a $13.00 price target on shares of Callon Petroleum in a research note on Thursday, May 5th. Finally, FBR & Co reiterated a “buy” rating on shares of Callon Petroleum in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.50.

The company has a 50 day moving average price of $12.43 and a 200 day moving average price of $10.29. The stock’s market capitalization is $1.92 billion.

Callon Petroleum (NYSE:CPE) last announced 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. The firm had revenue of $45.14 million for the quarter, compared to the consensus estimate of $47.75 million. During the same period last year, the business posted ($0.11) earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts predict that Callon Petroleum Co. will post $0.23 EPS for the current year.

A hedge fund recently raised its stake in Callon Petroleum stock. Wells Fargo & Company MN increased its stake in Callon Petroleum Co. (NYSE:CPE) by 324.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,115,392 shares of the company’s stock after buying an additional 852,602 shares during the period. Wells Fargo & Company MN owned approximately 1.68% of Callon Petroleum worth $9,302,000 at the end of the most recent reporting 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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