Callon Petroleum ( NYSE:CPE – Get Rating ) dropped 4.3% on Monday after Stifel Nicolaus lowered their price target on the stock from $68.00 to $56.00. Stifel Nicolaus currently has a buy rating on the stock. Callon Petroleum traded as low as $36.29 and last traded at $36.42. Approximately 639,578 shares changed hands during trading, a decline of 56% from the average daily volume of 1,456,917 shares. The stock had previously closed at $38.06. CPE has been the subject of a number of other reports.

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