In a report issued on July 16, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Sell rating on Callon (CPE), with a price target of $0.75. The company’s shares closed last Thursday at $1.27.
According to TipRanks.com, Sorbara is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -22.3% and a 24.9% success rate. Sorbara covers the Utilities sector, focusing on stocks such as Continental Resources, Matador Resources, and Concho Resources.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Callon with a $1.26 average price target, a -1.6% downside from current levels. In a report issued on July 21, Piper Sandler also maintained a Sell rating on the stock with a $1.00 price target.
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The company has a one-year high of $5.36 and a one-year low of $0.38. Currently, Callon has an average volume of 40.3M.
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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.
