Callon Petroleum Company – Consensus Indicates Potential -6.8% Downside

Broker Ratings

Callon Petroleum Company with ticker code (CPE) have now 16 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 16.5 and 5 with the average target price sitting at 8.89. With the stocks previous close at 9.54 this would imply there is a potential downside of -6.8%. The 50 day moving average now sits at 6.68 and the 200 day MA is 8.69. The market capitalisation for the company is $421m. Visit the company website at:

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, 2019, its estimated net proved reserves totaled approximately 540 million barrel of oil equivalent, including 346.4 MMBbls oil, 757.1 Bcf of natural gas, and 67.5 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.

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