A report released today by Deutsche Bank about Callon Petroleum (NYSE:CPE) ups the target price to $15.84
- Updated: November 28, 2016
Just yesterday Callon Petroleum (NYSE:CPE) traded 2.70% higher at $16.29. CPE’s 50-day average is $14.57 and its two hundred day average is $13.16. With the last close up 27.12% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was down over the average, with 270,694 shares of CPE changing hands under the typical 4,570,190
In a report released on Monday November 28, 2016 Deutsche Bank upped the price target of Callon Petroleum (NYSE:CPE) to $15.84 reporting a potential downside of -0.03%.
On 2/9/2016, JP Morgan released a statement for Callon Petroleum (NYSE:CPE) raised the target price from $8.00 to $10.00. At the time, this indicated a possible upside of 0.63%.
Recent Performance Chart
With a total market value of $0, Callon Petroleum has with a 52 week low of $4.21 and a 52 week high of $17.05 .
In addition to Deutsche Bank reporting its stock price target, a total of 20 brokers have reported on the stock. The consensus target price is $13.91 with 6 brokerages rating the stock a strong buy, 14 brokerages rating the stock a buy, one equity analyst rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.
About Callon Petroleum (NYSE:CPE)
Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. It focuses on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. Its asset base is concentrated in the Midland Basin located within the broader Permian Basin. Its operations are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation. It has drilled approximately 40 gross (over 27.1 net) horizontal, while completing approximately 30 gross (over 25.8 net) horizontal and over 1 gross (approximately 0.4 net) vertical wells. It owns leaseholds over 17,670 net acres in the Permian Basin. Its Southern Midland Basin area consists of fields located in Upton, Reagan and Crockett Counties, Texas. Its Central Midland Basin area encompasses Midland, Ector, Andrews and Martin Counties.
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