Callon Petroleum Company (CPE) could be a great long-term investment
What’s up with Callon Petroleum Company?
Callon Petroleum Company (CPE) opened at $0.68, which means the stock is down 3% from yesterday’s closing price of 0.68. Today, the company has a high of $0.71 and a low of $0.60. The company has a market cap of $259.56 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 $0.10. 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 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 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.