Callon Petroleum Company with ticker code (CPE) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 145 and 40 with the average target price sitting at 74.58. Given that the stocks previous close was at 40.36 this now indicates there is a potential upside of 84.8%. There is a 50 day moving average of 47.38 and the 200 day MA is 52.71. The company has a market cap of $2,656m. You can visit the company’s website by visiting: https://www.callon.com
The potential market cap would be $4,907m 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.
