Callon Petroleum Company (CPE) : Traders are bullish on Callon Petroleum Company (CPE) as it has outperformed the S&P 500 by a wide margin of 27.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.34% in the last 1 week, and is up 26.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 11.1% and the fifty day Moving Average is 19.48%. Callon Petroleum Company is up 25.98% in the last three month period. Year-to-Date the stock performance stands at 73.26%.
Callon Petroleum Company (CPE) : The most positive equity analysts on Callon Petroleum Company (CPE) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $11 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $16.43 with an expected fluctuation of $2.09 from the mean.
Callon Petroleum Company (NYSE:CPE): stock turned positive on Friday. Though the stock opened at $14.45, the bulls momentum made the stock top out at $14.65 level for the day. The stock recorded a low of $14.19 and closed the trading day at $14.45, in the green by 0.07%. The total traded volume for the day was 3,158,706. The stock had closed at $14.44 in the previous days trading.
Callon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company is focused on unconventional, onshore, oil and natural gas reserves in the Permian Basin in West Texas and the Midland Basin. Its asset base is concentrated in the Midland Basin located within the broader Permian Basin. Its operations are focused on horizontal drilling of several prospective intervals, including multiple levels of the Wolfcamp formation. The Company operates two horizontal drilling rigs focused on four prospective zones for development. The Company drilled approximately 27 gross (24.4 net) horizontal and 7 gross (4.3 net) vertical wells, while completing around 31 gross (27.3 net) horizontal and 5 gross (3.1 net) vertical wells. The Company also owns 6,230 gross (3,862 net) acres located in Midland, Andrews and Martin Counties.