Northland Securities Maintains Their Buy Rating on Callon (CPE)


Northland Securities analyst Jeff Grampp maintained a Buy rating on Callon (CPE) on March 17 and set a price target of $11. The company’s shares closed yesterday at $7.71.

According to TipRanks.com, Grampp ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.1% and a 35.3% success rate. Grampp covers the Basic Materials sector, focusing on stocks such as Sundance Energy Australia, Goodrich Petroleum Corp, and Lonestar Resources US.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Callon with a $10.88 average price target, a 41.1% upside from current levels. In a report issued on March 7, Citigroup also maintained a Buy rating on the stock with a $10 price target.

See today’s analyst top recommended stocks >>

Based on Callon’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $156 million. In comparison, last year the company had a net profit of $22.82 million.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts