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BidaskClub downgraded Callon Petroleum Company (NYSE:CPE) to Strong Sell in a report released today.

BidaskClub has downgraded Callon Petroleum Company (NYSE:CPE) to Strong Sell in a report released on 06/20/2017.

Yesterday Callon Petroleum Company (NYSE:CPE) traded -4.62% lower at $9.88. The company’s 50-day moving average is $10.38 and its 200-day moving average is $11.34. The last stock close price is down -7.26% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 39,225,925 shares of the stock were exchanged, up from an average trading volume of 5,013,790

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Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company has a 52 week low of $9.34 and a 52 week high of $18.53 with a P/E ratio of 20.04 The company’s market cap is currently $0.

Also covering Callon Petroleum Company's target, a total of 20 equity analysts have released a ratings update on CPE. The one year target is $13.91 with six equity analysts rating the company a strong buy, fourteen equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Callon Petroleum Company (NYSE:CPE)

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. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico and consisted of three primary sub-basins: the Midland Basin, the Delaware Basin, and the Central Basin Platform as of December 31, 2016. The Company's drilling activity focuses on the horizontal development of various prospective intervals in the Midland Basin, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale. It owns additional immaterial properties in Louisiana. As of December 31, 2016, the Company had owned leaseholds in 39,570 net acres in the Permian Basin, all of which was located in the Midland Basin.

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