In a report released today, Gabriele Sorbara from Williams Capital reiterated a Buy rating on Callon (CPE), with a price target of $12. The company’s shares closed yesterday at $7.56.
According to TipRanks.com, Sorbara is ranked 0 out of 5 stars with an average return of -8.4% and a 35.0% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
Currently, the analyst consensus on Callon is a Moderate Buy with an average price target of $11, which is a 45.5% upside from current levels. In a report issued on April 23, SunTrust Robinson also maintained a Buy rating on the stock with a $12 price target.
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The company has a one-year high of $14.65 and a one-year low of $5.57. Currently, Callon has an average volume of 6.15M.
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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 Houston, TX.
