Callon Petroleum Company Announces Common Stock Offering
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Canaccord Genuity Raises Price Target on Callon Petroleum (CPE) Following Acquisition
September 8, 2016 9:53 AM EDTCanaccord 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
Callon Petroleum (CPE) Prices Larger 26M Share Stock Offering for Proceeds of ~$379.6M
September 7, 2016 5:49 AM EDTCallon Petroleum Company (NYSE: CPE) announced that it has priced an upsized underwritten public offering of 26,000,000 shares of its common stock for total estimated gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of $379.6 million. The underwriters will have an option to purchase up to an additional 3,900,000 shares of common stock from the Company.
Proceeds from the offering are expected to be used to fund... More
