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Callon Petroleum Company (NYSE:CPE) shares hit a new 52-week high during trading on Monday , American Banking & Market News reports. The company traded as high as $11.19 and last traded at $11.09, with a volume of 603,941 shares changing hands. The stock had previously closed at $10.54.

CPE has been the subject of a number of recent research reports. Analysts at Imperial Capital initiated coverage on shares of Callon Petroleum Company in a research note on Friday, May 30th. They set an “outperform” rating and a $13.00 price target on the stock. Separately, analysts at Capital One Financial Corp. upgraded shares of Callon Petroleum Company from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 21st. Finally, analysts at Noble Financial upgraded shares of Callon Petroleum Company from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. They now have a $13.00 price target on the stock. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $10.25.

The stock’s 50-day moving average is $9.7 and its 200-day moving average is $7.73. The company has a market cap of $442.5 million and a price-to-earnings ratio of 1505.71.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $33.29 million for the quarter, compared to the consensus estimate of $28.47 million. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts predict that Callon Petroleum Company will post $0.51 earnings per share for the current fiscal year.

Callon Petroleum Company (NYSE:CPE) is an independent oil and natural gas company.

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