Callon Petroleum (CPE) could be a strong buy
What’s up with Callon Petroleum?
Callon Petroleum (CPE) opened at $1.01, which means the stock is up 17.99% from yesterday’s closing price of 0.78. Today, the company has a high of $1.10 and a low of $0.78. The company has a market cap of $373.06 million with a 52-week high of $8.47 and a 52-week low of $0.38.
What about the future for Callon Petroleum
The high forecast for Callon Petroleum is 3.00 while the low is 1.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Callon Petroleum has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information CPE seems to be a safe buy.
About Callon Petroleum
Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. 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.