Shares of Callon Petroleum (NYSE:CPE – Get Rating) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $76.29.
Several research firms have recently commented on CPE. Roth Capital raised shares of Callon Petroleum from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, April 18th. Royal Bank of Canada raised shares of Callon Petroleum from a “sector perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Wednesday, July 6th. Wells Fargo & Company lowered their price target on shares of Callon Petroleum from $78.00 to $70.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of Callon Petroleum from $75.00 to $68.00 and set an “underweight” rating for the company in a research report on Wednesday, July 6th. Finally, Morgan Stanley lowered their price target on shares of Callon Petroleum from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 19th.
Callon Petroleum Trading Down 0.0 %
NYSE:CPE opened at $36.81 on Wednesday. The company has a 50-day moving average price of $45.13 and a 200-day moving average price of $51.51. Callon Petroleum has a 12 month low of $25.32 and a 12 month high of $66.48. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.11. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 2.51 and a beta of 2.74.
Institutional Inflows and Outflows
About Callon Petroleum
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.
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