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MAR 13, 2014 - TheStreet

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Why Callon Petroleum (CPE) Hit A One-Year High Today

NEW YORK (TheStreet) -- Callon Petroleum  hit a one-year high of $8.59 on Thursday after the company released its fourth-quarter results. The company reported flat adjusted earnings per share, which beat Sterne Agee's estimate of a loss of 3 cents and matched the consensus estimate. Adjusted EBITDA of $17.6 million surpassed Sterne Agee's estimate of $12.6 million and consensus estimate of $15.1 million. Stronger oil production and pricing than expected, lower unit expenses and lower taxes drove the variance, according to Sterne Agee's research note. The firm ... Read More

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