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Callon Petroleum (NYSE:CPE) target bumped down to $16.00, released a ratings update earlier today by Evercore ISI

Boasting a price of $11.49, Callon Petroleum (NYSE:CPE) traded 0.00% even on the day. With the last stock price close down -20.15% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Callon Petroleum has recorded a 50-day average of $12.37 and a two hundred day average of $14.40. Volume of trade was up over the average, with 6,906,776 shares of CPE changing hands over the typical 5,373,010

Evercore ISI bumped down the target of Callon Petroleum (NYSE:CPE) to $16.00 stating a potential upside of 0.39%.

Performance Chart

Callon Petroleum (NYSE:CPE)

With a total market value of $0, Callon Petroleum has with a one year low of $9.69 and a one year high of $18.53 .

A total of 20 equity analysts have released a ratings update on CPE. 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 finally zero equity analysts rating the company a sell with a one year target of $13.91.

Brief Synopsis About Callon Petroleum (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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