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Deutsche Bank AG reported on Callon Petroleum Company (NYSE:CPE), raising its target price to $19.00 earlier today

Yesterday Callon Petroleum Company (NYSE:CPE) traded 2.70% higher at $16.29. The company’s 50-day moving average is $14.57 and its 200-day moving average is $13.16. The last closing price is up 27.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 270,694 shares of the stock were exchanged, down from an average trading volume of 4,570,190

Deutsche Bank AG bumped up the target of Callon Petroleum Company (NYSE:CPE) to $19.00 indicating a possible upside of 0.17%.

Previously on 02/09/2016, JP Morgan reported on Callon Petroleum Company (NYSE:CPE) raised the target price from $8.00 to $10.00. At the time, this indicated a possible upside of 0.63%.

See Chart Below

Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company has a with a one year low of $4.21 and a one year high of $17.05 Callon Petroleum Company’s market capitalization is presently $0.

A total of 20 brokerages have issued a ratings update on Callon Petroleum Company. Six brokerages rating the company a strong buy, fourteen brokerages rating the company a buy, one brokerage rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $13.91.

General Company Details For 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. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. Its asset base is concentrated in the Midland Basin located within the broader Permian Basin. Its operations are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation. It has drilled approximately 40 gross (over 27.1 net) horizontal, while completing approximately 30 gross (over 25.8 net) horizontal and over 1 gross (approximately 0.4 net) vertical wells. It owns leaseholds over 17,670 net acres in the Permian Basin. Its Southern Midland Basin area consists of fields located in Upton, Reagan and Crockett Counties, Texas. Its Central Midland Basin area encompasses Midland, Ector, Andrews and Martin Counties.

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