Callon Petroleum (CPE) Soars as Oil, Gas Rise

Crude oil, natural gas and gasoline prices jumped Tuesday, giving the share price of Callon Petroleum (NYSE:CPE) a boost.

Benchmark crude for May delivery rose $1.33 to settle at $103.88 a barrel on the New York Mercantile Exchange.

Heating oil jumped 3.94 cents to settle at $3.0012 a gallon. Gasoline futures climbed 10.13 cents to settle at $3.3797 a gallon, while natural gas for June delivery increased 8.7 cents to settle at $4.303 per 1,000 cubic feet.

Callon Petroleum Company participates in the acquisition, exploration, development, and production of crude oil and natural gas properties in the onshore in Louisiana and Texas, and the offshore waters of the Gulf of Mexico.

Callon (CPE) closed at $7.56, rising $1.38, or 22.33 percent.