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May 8 Callon Petroleum (CPE -15.8%) plummets after reporting Q1 earnings below consensus. Howard Weil downgrades shares and lowers its price target to $8 from $10, saying the EPS miss was driven by a ~2% production shortfall that was only partly offset by a slightly greater oil cut, resulting in revenues ~3% below what the firm modeled.
Comment![Energy, On the Move]
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at MarketWatch.com (Mar 14, 2012)
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