Callon Petroleum Company found using ticker (CPE) now have 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 124 and 40 with the average target price sitting at 70. Given that the stocks previous close was at 43.69 this indicates there is a potential upside of 60.2%. The day 50 moving average is 41.01 while the 200 day moving average is 51. The market cap for the company is $2,781m. Find out more information at: https://www.callon.com
The potential market cap would be $4,456m 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.
