Callon Petroleum Company with ticker code (CPE) have now 12 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 132 and 45 and has a mean target at 66.52. With the stocks previous close at 43.9 this indicates there is a potential upside of 51.5%. The day 50 moving average is 40.76 and the 200 day MA is 48.73. The market cap for the company is $2,712m. Company Website: https://www.callon.com
The potential market cap would be $4,110m 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.
