FBR Capital Reiterates Callon Petroleum Company Outperform Rating; Lifts PT to $19 from $17 (NYSE:CPE)


The stock decreased 6.02% or $0.92 during the last trading session, hitting $14.36. About 5.90M shares traded hands or 35.94% up from the average. Callon Petroleum Company (NYSE:CPE) has risen 143.54% since February 8, 2016 and is uptrending. It has outperformed by 127.05% the S&P500.

Callon Petroleum Company is an independent oil and natural gas company. The company has a market cap of $2.29 billion. The Firm is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It currently has negative earnings. 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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