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Callon Petroleum Company (NYSE:CPE)’s share price hit a new 52-week high during trading on Friday , American Banking News reports. The company traded as high as $11.38 and last traded at $11.24, with a volume of 471,566 shares changing hands. The stock had previously closed at $11.12.

CPE has been the subject of a number of recent research reports. Analysts at Maxim Group initiated coverage on shares of Callon Petroleum Company in a research note on Wednesday, June 11th. They set a “buy” rating and a $14.00 price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $10.52.

The stock has a 50-day moving average of $10.18 and a 200-day moving average of $8.01. The company has a market cap of $459.1 million and a P/E ratio of 1588.57.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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. Callon Petroleum Company’s revenue was up 47.7% compared to the same quarter last year. On average, analysts predict that Callon Petroleum Company will post $0.54 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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