Callon Petroleum Company found using ticker (CPE) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 80 and 50 calculating the mean target price we have 61.27. Now with the previous closing price of 46.33 this now indicates there is a potential upside of 32.2%. The 50 day MA is 41.43 and the 200 moving average now moves to 48.32. The market capitalisation for the company is $2,976m. Company Website: https://www.callon.com
The potential market cap would be $3,936m 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, 2021, its estimated net proved reserves totaled approximately 484.6 million barrel of oil equivalent, including 290.3 MMBbls oil, 577.3 Bcf of natural gas, and 98.1 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.
