Callon Petroleum Co. (NYSE:CPE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.19 and last traded at $14.96, with a volume of 2,388,000 shares. The stock had previously closed at $14.66.

Several research analysts have recently issued reports on the company. Citigroup Inc. raised their price objective on Callon Petroleum from $12.50 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, August 11th. Imperial Capital restated an “outperform” rating and issued a $16.00 price objective (up from $14.00) on shares of Callon Petroleum in a research note on Wednesday, August 10th. Roth Capital restated a “buy” rating on shares of Callon Petroleum in a research note on Thursday, May 26th. Sterne Agee CRT restated a “buy” rating on shares of Callon Petroleum in a research note on Monday, May 16th. Finally, FBR & Co raised their price objective on Callon Petroleum from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $13.50.

The firm has a 50-day moving average price of $12.82 and a 200-day moving average price of $10.57. The company’s market cap is $1.96 billion.

Callon Petroleum (NYSE:CPE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.65. During the same period in the previous year, the company posted ($0.11) earnings per share. The business earned $45.14 million during the quarter, compared to analysts’ expectations of $47.75 million. The firm’s revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast 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 increased its stake in shares of Callon Petroleum Co. (NYSE:CPE) by 324.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent 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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