Downgrades Buy Neutral X

CPE Callon Petroleum

Mizuho

$60 $40

Upgrades Neutral Buy X

CPE Callon Petroleum

Citigroup

$40 $45

Initiated Buy X

CPE Callon Petroleum

Mizuho

$59

Upgrades Underweight Neutral X

CPE Callon Petroleum

JP Morgan

$57

Initiated Sector Weight X

CPE Callon Petroleum

KeyBanc Capital Markets

Upgrades Sec Perform Outperform X

CPE Callon Petroleum

RBC Capital Mkts

$75

Upgrades Neutral Buy X

CPE Callon Petroleum

ROTH Capital

$80

Upgrades Hold Buy X

CPE Callon Petroleum

Truist

$64 $100

Downgrades Neutral Underweight X

CPE Callon Petroleum

JP Morgan

$62

Upgrades Underweight Eq Weight X

CPE Callon Petroleum

Wells Fargo

$75

Resumed Sector Perform X

CPE Callon Petroleum

RBC Capital Mkts

$66

Upgrades Neutral Buy X

CPE Callon Petroleum

MKM Partners

$47 $54

Downgrades Outperform Sec Perform X

CPE Callon Petroleum

RBC Capital Mkts

$44 $54

Upgrades Hold Buy X

CPE Callon Petroleum

Siebert Williams Shank

Upgrades Hold Accumulate X

CPE Callon Petroleum

Johnson Rice

Downgrades Buy Neutral X

CPE Callon Petroleum

MKM Partners

$26

Upgrades Sell Hold X

CPE Callon Petroleum

Siebert Williams Shank

Reiterated In-line X

CPE Callon Petroleum

Imperial Capital

$16 $11

Reiterated Buy X

CPE Callon Petroleum

Williams Capital Group

$12 $10

Downgrades Buy Hold X

CPE Callon Petroleum

Jefferies

$11

Upgrades Eq Weight Overweight X

CPE Callon Petroleum

Barclays

$9

Initiated Equal-Weight X

CPE Callon Petroleum

Morgan Stanley

$9

Reiterated Outperform X

CPE Callon Petroleum

Imperial Capital

$12 $15

Upgrades Neutral Buy X

CPE Callon Petroleum

Citigroup

Downgrades Overweight Eq Weight X

CPE Callon Petroleum

Barclays

$14 $10

Upgrades Eq Weight Overweight X

CPE Callon Petroleum

CapitalOne

Downgrades Overweight Eq Weight X

CPE Callon Petroleum

CapitalOne

Downgrades Buy Hold X

CPE Callon Petroleum

Tudor Pickering

Upgrades Neutral Buy X

CPE Callon Petroleum

Seaport Global Securities

$16 $13

Initiated Overweight X

CPE Callon Petroleum

Stephens

$14

Resumed Outperform X

CPE Callon Petroleum

Cowen

Upgrades Neutral Outperform X

CPE Callon Petroleum

Credit Suisse

Reiterated Buy X

CPE Callon Petroleum

BofA/Merrill

$19 $16

Reiterated Outperform X

CPE Callon Petroleum

Imperial Capital

$17 $21

Initiated Neutral X

CPE Callon Petroleum

B. Riley FBR, Inc.

$11.75

Initiated Buy X

CPE Callon Petroleum

Deutsche Bank

$15

CPE  Callon Petroleum Company

Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico and consisted of three primary sub-basins: the Midland Basin, the Delaware Basin, and the Central Basin Platform as of December 31, 2016. The Company's drilling activity focuses on the horizontal development of various prospective intervals in the Midland Basin, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale. It owns additional immaterial properties in Louisiana. As of December 31, 2016, the Company had owned leaseholds in 39,570 net acres in the Permian Basin, all of which was located in the Midland Basin.