Mizuho Securities issued a report on Callon Petroleum (NYSE:CPE), boosting its price target to $16.00 earlier today
- Updated: October 5, 2016
Having a price of $15.67, Callon Petroleum (NYSE:CPE) traded 1.95% higher on the day. The last stock price is up 32.54% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. CPE has recorded a 50-day moving average of $14.61 and a two hundred day average of $11.82. Trading volume was up over the average, with 4,760,028 shares of CPE changing hands over the typical 4,056,960
Reporting a potential upside of 0.02%, Mizuho Securities bumped up the target price of Callon Petroleum (NYSE:CPE) to $16.00
Recent Performance Chart
With a total market value of $0, Callon Petroleum has with a one year low of $4.21 and a 52 week high of $15.91 .
In addition to Mizuho Securities reporting its price target, a total of 20 analysts have issued a research note on the company. The average stock price target is $13.91 with 6 firms rating the stock a strong buy, fourteen analysts rating the company a buy, one equity analyst rating the company a hold, zero analysts rating the company a underperform, and lastly 0 brokers rating the stock 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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