In a report released today, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Sell rating on Callon (CPE), with a price target of $4.00. The company’s shares closed last Monday at $5.44, close to its 52-week low of $3.80.
According to TipRanks.com, Sorbara ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -24.5% and a 21.2% 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 Hold analyst consensus rating for Callon with a $7.88 average price target.
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The company has a one-year high of $49.80 and a one-year low of $3.80. Currently, Callon has an average volume of 2.77M.
Based on the recent corporate insider activity of 29 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.
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