Northland Securities analyst Jeff Grampp reiterated a Buy rating on Callon (CPE) today and set a price target of $11. The company’s shares opened today at $7.38.
According to TipRanks.com, Grampp is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -11.8% and a 29.5% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Penn Virginia Corporation, Goodrich Petroleum Corp, and Lonestar Resources US.
Callon has an analyst consensus of Strong Buy, with a price target consensus of $11.60, representing a 57.2% upside. In a report issued on February 13, RBC Capital also maintained a Buy rating on the stock with a $10 price target.
See today’s analyst top recommended stocks >>
Callon’s market cap is currently $1.59B and has a P/E ratio of 9.22. The company has a Price to Book ratio of 0.70.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.
