RBC Capital analyst Scott Hanold reiterated a Buy rating on Callon (NYSE: CPE) on July 9 and set a price target of $15. The company’s shares opened today at $11.08.
According to TipRanks.com, Hanold is a 4-star analyst with an average return of 4.2% and a 49.4% success rate. Hanold covers the Basic Materials sector, focusing on stocks such as Anadarko Petroleum, Carrizo Oil & Gas, and Devon Energy Corp.
Callon has an analyst consensus of Strong Buy, with a price target consensus of $17.60.
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The company has a one-year high of $14.65 and a one-year low of $9.34. Currently, Callon has an average volume of 6.41M.
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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.
