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Stock Market & Financial Investment News

News Breaks
February 3, 2014
08:25 EDTCPECallon Petroleum announces expected 120% raise in annual Permian production
Callon Petroleum announced 2013 production results and year-end reserve estimates, provided an operational update, and issued a 2014 capital budget and related guidance. 120% increase in 2014 average daily production based on the midpoint of guidance. Forecast of 4,700 - 5,100 Boepd compared to Permian Basin production of 2,228 Boepd in 2013. 58% net increase in total Permian Basin reserves, with 50% proved developed component, at year-end 2013. 9.7 MMBoe of Permian Basin proved reserve additions in 2013 with a "drill-bit F&D" cost of $15.32 per Boe. 282% increase in PV-10 Value of Permian Basin operations to $301M. Average 24-hour peak rate of over 1,100 Boepd from seven well completions in Q4.
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September 10, 2014
16:19 EDTCPECallon Petroleum initiated with an Outperform at Cowen
Target $14.
10:00 EDTCPEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
08:45 EDTCPECallon Petroleum upgraded to Buy from Neutral at SunTrust
As previously reported, SunTrust upgraded Callon Petroleum to Buy from Neutral. The firm upgraded shares to reflect the acquisition of high-quality Midland Basin acreage last week and the recent equity raise. Price target raised to $12 from $11.
08:36 EDTCPECallon Petroleum upgraded to Buy from Neutral at SunTrust
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06:07 EDTCPECallon Petroleum 12.5M share Secondary priced at $9.00
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September 8, 2014
08:06 EDTCPECallon Petroleum files to sell 12.5M shares of common stock
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