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Enter Symbol:
Callon Petroleum Company (CPE) [hlAlert]

up 17.48 %

Callon Petroleum Company (CPE) upgraded to Accumulate with price target $8.50 by Global Hunter Securities

Posted on: Monday,  Feb 9, 2015  9:25 AM ET by Global Hunter Securities

Global Hunter Securities rated Accumulate Callon Petroleum Company (NYSE: CPE) on 02/09/2015, when the stock price was $7.32.
Since then, Callon Petroleum Company has gained 17.49% as of 11/05/2015's recent price of $8.60.
If you would have followed this Global Hunter Securities's recommendation on CPE, you would have gained 17.48% of your investment in 269 days.

Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties. The Company?s properties are geographically concentrated primarily offshore in the Gulf Coast Region both onshore and offshore. As of December 31, 2008, Callon owned working interests in a total of 86 blocks/leases covering 193,000 net acres. As of December 31, 2008, the Company?s estimated net proved reserves totaled 54.8 billion cubic feet of natural gas equivalent (Bcfe) and included six million barrels of oil (MMBbls) and 18.7 billion cubic feet of natural gas (Bcf). Oil constitutes approximately 66% on an equivalent basis of its total estimated proved reserves and approximately 76% of its total estimated proved reserves are proved developed reserves. On April 8, 2008, the Company sold a 50% working interest in the Entrada field to CIECO Energy (US) Limited (CIECO).

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/9/2015 9:25 AM Buy
7.32 8.50
as of 8/27/2015
1 Week up  3.86 %
1 Month up  2.01 %
3 Months up  4.75 %
1 YTD up  17.48 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/18/2013 9:25 AM Hold
4.28 4.50
11/13/2012 9:25 AM Buy
4.35 6.00

(*) Stock Price at the time of the recommendation.
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