Callon Petroleum Company with ticker code (CPE) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 124 and 40 calculating the average target price we see 72.17. With the stocks previous close at 37.51 this indicates there is a potential upside of 92.4%. There is a 50 day moving average of 46.11 and the 200 day moving average is 52.08. The company has a market capitalisation of $2,272m. You can visit the company’s website by visiting: https://www.callon.com
The potential market cap would be $4,372m 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.
