Callon Petroleum Company – Consensus Indicates Potential 68.5% Upside

Broker Ratings

Callon Petroleum Company with ticker code (CPE) now have 12 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 71 and 45 calculating the mean target price we have 60.44. Now with the previous closing price of 35.87 this indicates there is a potential upside of 68.5%. The 50 day MA is 40.67 and the 200 moving average now moves to 45.56. The company has a market capitalisation of $2,285m. Company Website: https://www.callon.com

The potential market cap would be $3,850m based on the market concensus.

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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.

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