Callon Petroleum Company with ticker code (CPE) now have 11 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 124 and 40 with the average target price sitting at 70.55. With the stocks previous close at 41.05 this would imply there is a potential upside of 71.9%. There is a 50 day moving average of 42.21 and the 200 day MA is 51.42. The market capitalisation for the company is $2,517m. You can visit the company’s website by visiting: https://www.callon.com
The potential market cap would be $4,325m 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.
