Callon Petroleum Company (NYSE:CPE) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Boasting a price of $15.96, Callon Petroleum Company (NYSE:CPE) traded -1.43% lower on the day. With the last close up 25.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Callon Petroleum Company has recorded a 50-day average of $14.95 and a two hundred day average of $12.16. Trading volume was down over the average, with 3,521,463 shares of CPE changing hands under the typical 4,141,110
Zacks Investment Research has downgraded Callon Petroleum Company (NYSE:CPE) to Hold in a statement released on 10/11/2016.
On 10/06/2016, Mizuho Securities released a statement on Callon Petroleum Company (NYSE:CPE) bumped up the target price from $0.00 to $16.00 that suggested an upside of 0.02%.
With a total market value of $0, Callon Petroleum Company has 52 week low of $4.21 and a 52 week high of $16.36 .
In addition to Zacks Investment Research reporting its stock price target, a total of 20 brokers have issued a research note on the company. The average stock price target is $13.91 with 6 brokers rating the stock a strong buy, 14 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Callon Petroleum Company (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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