B.Riley FBR analyst Rehan Rashid reiterated a Hold rating on Callon (CPE) on November 20 and set a price target of $9. The company’s shares opened today at $8.90, close to its 52-week low of $8.87.
According to TipRanks.com, Rashid is a 3-star analyst with an average return of 2.2% and a 47.7% success rate. Rashid covers the Basic Materials sector, focusing on stocks such as Continental Resources, Lonestar Resources US, and Range Resources Corp.
Callon has an analyst consensus of Strong Buy, with a price target consensus of $16.13.
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Callon’s market cap is currently $2.12B and has a P/E ratio of 12.26. The company has a Price to Book ratio of 0.92.
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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.
