Callon Petroleum Company (CPE) Plunges 6.6% on October 18

Equities Staff  |

Callon Petroleum Company (CPE) had a rough trading day for Friday October 18 as shares tumbled 6.6%, or a loss of $-0.27 per share, to close at $3.82. After opening the day at $4.08, shares of Callon Petroleum Company traded as high as $4.11 and as low as $3.82. Volume was 15.99 million shares over 31,374 trades, against an average daily volume of n/a shares and a total float of 228.37 million.

As a result of the decline, Callon Petroleum Company now has a market cap of $872.38 million. In the last year, shares of Callon Petroleum Company have traded between a range of $12.02 and $3.75, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Callon Petroleum Company, check out Equities.com’s Stock Valuation Analysis report for CPE.

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Callon Petroleum Company engages in exploration, development, acquisition, and production of oil and natural gas. Activities are primarily conducted in the Permian Basin region of the west Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.

Callon Petroleum Company is based out of Houston, TX and has some 218 employees. Its CEO is Joseph C. Gatto.

Callon Petroleum Company is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Callon Petroleum Company and to follow the company’s latest updates, you can visit the company’s profile page here: CPE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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