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Stock Market & Financial Investment News

News Breaks
May 12, 2014
06:49 EDTCPECallon Petroleum upgraded to Outperform from Market Perform at Northland
Price target is $12.
News For CPE From The Last 14 Days
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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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September 4, 2014
13:35 EDTCPECallon Petroleum acquisition done at attractive price, says Maxim
Maxim raised its price target for Callon Petroleum to $16 from $14 citing accretion from the company's Permian acquisition. The firm believes the deal was done at an attractive price and keeps a Buy rating on the stock.
September 3, 2014
10:00 EDTCPEOn The Fly: Analyst Upgrade Summary
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09:01 EDTCPECallon Petroleum upgraded to Overweight from Equalweight at Capital One
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07:58 EDTCPECallon Petroleum price target raised to $17 from $15 at Canaccord
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September 2, 2014
07:32 EDTCPECallon Petroleum to host conference call
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07:03 EDTCPECallon Petroleum announces $213M Midland Basin acquisition
Callon Petroleum announced it has entered into definitive agreements with private entities to acquire certain undeveloped acreage and oil and gas producing properties located in Midland, Andrews, Martin and Ector Counties, Texas for an approximate aggregate price of $212.6M in cash, subject to customary purchase price adjustments with an effective date of May 1. Key attributes of the acquired fields include: 6,230 gross surface acres, 95% of which are located in Midland and Andrews Counties, in close proximity to the Company's existing Carpe Diem and Pecan Acres fields in Midland County; 188 gross potential horizontal drilling locations targeting the Wolfcamp B, Lower Spraberry and Middle Spraberry zones which are currently producing in offsetting fields; 252 gross additional potential horizontal drilling locations targeting four other prospective zones, including the Wolfcamp A, Wolfcamp D, Clearfork and Jo Mill 1,465 Boe/d estimated average net daily production during the second quarter of 2014 4M Boe of net proved developed producing reserves as of June 30, 2014 based on internal Callon estimates; 100% of targeted horizontal zones held by production. The pending acquisition is expected to close in early October 2014, and is subject to the completion of customary due diligence and closing conditions. In connection with the acquisition, the company has secured a commitment for a term loan facility in an amount up to $275M and an amended revolving credit facility with an initial borrowing base of $250M.

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