Why Callon (CPE) Is Up Nearly 11% Since Q3 Earnings Beat

 | Nov 11, 2019 08:28PM ET

Shares of Callon Petroleum Company (NYSE:CPE) have increased 10.7% since its earnings announcement on Nov 4.

The reasons for the rally were better-than-expected third-quarter results and improved 2019 production guidance. The upstream energy player expects to increase total production in 2019 despite maintaining capital budget.

Callon Petroleum Company Price and EPS Surprise

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