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 49 with the average target price sitting at 62.6. Now with the previous closing price of 42.39 this would indicate that there is a potential upside of 47.7%. The day 50 moving average is 41.86 while the 200 day moving average is 47.81. The company has a market capitalisation of $2,523m. Company Website: https://www.callon.com
The potential market cap would be $3,726m 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.
