Callon Petroleum Co. (NYSE:CPE) reached a new 52-week high during trading on Monday . The stock 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.

Several research firms have recently commented on CPE. KeyCorp raised their target price on shares of Callon Petroleum from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, August 22nd. Zacks Investment Research cut shares of Callon Petroleum from a “buy” rating to a “hold” rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. lifted their price target on shares of Callon Petroleum from $14.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, August 11th. Citigroup Inc. lifted their price target on shares of Callon Petroleum from $12.50 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Finally, 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 report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $13.50.

The stock’s 50 day moving average is $12.60 and its 200 day moving average is $10.48. The firm’s market capitalization is $1.93 billion.

Callon Petroleum (NYSE:CPE) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.65. The company had revenue of $45.14 million for the quarter, compared to the consensus estimate of $47.75 million. During the same period in the previous year, the business posted ($0.11) earnings per share. Callon Petroleum’s revenue for the quarter was up 15.0% compared to the same quarter last year. Equities research analysts predict that Callon Petroleum Co. will post $0.23 EPS for the current fiscal year.

A hedge fund recently raised its stake in Callon Petroleum stock. Wells Fargo & Company MN raised its position in Callon Petroleum Co. (NYSE:CPE) by 324.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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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