Investors need to see the forecast for Callon Petroleum Company (CPE)
What’s up with Callon Petroleum Company?
Callon Petroleum Company (CPE) opened at $0.81, which means the stock is down 5.83% from yesterday’s closing price of 0.81. Today, the company has a high of $0.85 and a low of $0.73. The company has a market cap of $297.75 million with a 52-week high of $8.47 and a 52-week low of $0.38.
What about the future for Callon Petroleum Company?
The high forecast for Callon Petroleum Company is 3.00 while the low is 0.01. 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 Company has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy. Based on this information CPE seems to be a risky buy.
About Callon Petroleum Company
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.