Callon Petroleum Company with ticker code (CPE) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 95 and 56 with the average target price sitting at 69.98. Now with the previous closing price of 54.62 this would imply there is a potential upside of 28.1%. The day 50 moving average is 50.91 while the 200 day moving average is 46.32. The market capitalisation for the company is $3,196m. Company Website: https://www.callon.com
The potential market cap would be $4,094m based on the market concensus.
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2020, its estimated net proved reserves totaled approximately 475.9 million barrel of oil equivalent, including 289.5 MMBbls oil, 541.6 Bcf of natural gas, and 96.1 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.
