Callon Petroleum Company Announces Upsizing and Pricing of Common Stock Offering

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Canaccord Genuity Raises Price Target on Callon Petroleum (CPE) Following Acquisition

September 8, 2016 9:53 AM EDT

Canaccord Genuity reiterated a Buy rating on Callon Petroleum (NYSE: CPE), and raised the price target to $18.00 (from $15.00), following the company's acquisition of 5.7K net acres in northwest Howard.

Analyst Sam Burwell commented, "CPE is acquiring 5.7K net acres in northwest Howard, thus... More