Callon Petroleum Company – Consensus Indicates Potential -11.0% Downside

Broker Ratings

Callon Petroleum Company found using ticker (CPE) now have 14 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 42 and 7 calculating the average target price we see 33.29. Now with the previous closing price of 37.39 this would imply there is a potential downside of -11.0%. The 50 day moving average now sits at 36.66 and the 200 moving average now moves to 20.52. The market capitalisation for the company is $1,748m. Find out more information at: http://www.callon.com

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, 2020, its estimated net proved reserves totaled approximately 475.9 million barrel of oil equivalent, including 289.5 MMBbls oil, 541.6 Bcf of natural gas, and 96.1 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.

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