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Investment analysts at Brean Capital cut their price target on shares of Callon Petroleum Company (NYSE:CPE) from $13.00 to $12.00 in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Brean Capital’s price target indicates a potential upside of 16.96% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at SunTrust raised their price target on shares of Callon Petroleum Company from $10.50 to $12.00 in a research note on Friday, July 11th. They now have a “neutral” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Callon Petroleum Company in a research note on Tuesday, July 1st. They set a “buy” rating and a $14.00 price target on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $11.00.

Callon Petroleum Company (NYSE:CPE) traded up 12.50% during mid-day trading on Friday, hitting $10.26. The stock had a trading volume of 1,266,501 shares. Callon Petroleum Company has a 52-week low of $4.08 and a 52-week high of $12.09. The stock’s 50-day moving average is $10.96 and its 200-day moving average is $9.14. The company has a market cap of $415.0 million and a P/E ratio of 1302.86.

Callon Petroleum Company (NYSE:CPE) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $40.50 million for the quarter, compared to the consensus estimate of $37.81 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 77.6% on a year-over-year basis. On average, analysts predict that Callon Petroleum Company will post $0.57 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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