Piper Jaffray analyst Kashy Harrison reiterated a Buy rating on Callon (CPE) on November 15 and set a price target of $15. The company’s shares closed on Friday at $9.70, close to its 52-week low of $9.23.
According to TipRanks.com, Harrison is a 1-star analyst with an average return of -4.3% and a 35.0% success rate. Harrison covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Continental Resources, and Gulfport Energy Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Callon with a $16.13 average price target, a 66.3% upside from current levels. In a report issued on November 7, Williams Capital also reiterated a Buy rating on the stock with a $16 price target.
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Callon’s market cap is currently $2.21B and has a P/E ratio of 12.79. The company has a Price to Book ratio of 0.96.
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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 Natchez, MS.
