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Callon Petroleum (CPE) in Focus: Stock Moves 6.4% Higher
May 12, 2014

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Callon Petroleum Company (CPE - Free Report) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.75 to $9.61 in the past one-month time frame.

This independent oil & gas company has seen two positive estimates revisions & one negative estimates revision over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Callon Petroleum Company currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.

Some stocks in the same sector looking equally good include Athlon Energy Inc. , Clayton Williams Energy, Inc. and Encana Corporation (ECA - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).

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