Callon Petroleum Company with ticker code (CPE) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 140 and 56 with the average target price sitting at 83.13. Now with the previous closing price of 47.95 this would indicate that there is a potential upside of 73.4%. The day 50 moving average is 55.49 and the 200 day MA is 50.4. The company has a market cap of $3,101m. Visit the company website at: https://www.callon.com
The potential market cap would be $5,376m 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.
