Wunderlich initiates Callon Petroleum With Buy

Analysts at Wunderlich initiated coverage on Callon Petroleum Company CPE with a Buy rating. The target price for Callon Petroleum is set to $13. Callon Petroleum shares have dropped 25.38 percent over the past 52 weeks, while the S&P 500 index has surged 7.73 percent in the same period. Callon Petroleum shares rose 1.76 percent to $8.40 in after-hours trading.