Callon Petroleum Company (CPE) Soars 17.96% on September 16

Equities Staff  |

Callon Petroleum Company (CPE) had a good day on the market for Monday September 16 as shares jumped 17.96% to close at $5.32. About 34.95 million shares traded hands on 113,985 trades for the day, compared with an average daily volume of 12.62 million shares out of a total float of 228.3 million. After opening the trading day at $5.13, shares of Callon Petroleum Company stayed within a range of $5.36 to $4.91.

With today's gains, Callon Petroleum Company now has a market cap of $1.21 billion.

The stock has a P/E Ratio of 4.5. Shares of Callon Petroleum Company have been trading within a range of $13.09 and $3.75 over the last year, and it had a 50-day SMA of $4.85 and a 200-day SMA of $6.83.

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.

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 is also 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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