Callon (CPE) Gets a Sell Rating from Barclays
In a report released today, William S. Thompson from Barclays maintained a Sell rating on Callon (CPE), with a price target of $5.00. The company’s shares closed last Friday at $9.25, close to its 52-week low of $3.80.
According to TipRanks.com, Thompson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.4% and a 34.1% success rate. Thompson covers the Utilities sector, focusing on stocks such as Viper Energy, WPX Energy, and PDC Energy.
Currently, the analyst consensus on Callon is a Moderate Sell with an average price target of $12.57.
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The company has a one-year high of $53.60 and a one-year low of $3.80. Currently, Callon has an average volume of 3.39M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPE in relation to earlier this year.
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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.