Head Scratcher down 11 %, wow
Last year it hit 60, one year later $ 45
cpe
Re: cpe
TipRanks: "Stifel Nicolaus analyst Derrick Whitfield maintained a Buy rating on Callon (CPE) on June 17 and set a price target of $145.00. The company’s shares closed last Friday at $46.03. Currently, the consensus on Callon is a Moderate Buy with an average price target of $89.00, which is a 76.7% upside from current levels. In a report issued on June 7, Truist Financial also maintained a Buy rating on the stock with a $101.00 price target."
Here is what I expect from Callon Petroleum in Q2:
> Production of 102,000 Boepd.
> Revenues net of cash settlements on their hedges of $637.2 million, which compares to $563.3 million in Q1.
> Adjusted Net Income of $4.58 per share. Excludes the non-cash MTM adjustment on their hedges.
> Adjusted Operating Cash Flow of $470.8 million ($7.66/share) which compares to $408.3 million ($6.64/share) in Q1.
My current valuation is $125.00
Here is what I expect from Callon Petroleum in Q2:
> Production of 102,000 Boepd.
> Revenues net of cash settlements on their hedges of $637.2 million, which compares to $563.3 million in Q1.
> Adjusted Net Income of $4.58 per share. Excludes the non-cash MTM adjustment on their hedges.
> Adjusted Operating Cash Flow of $470.8 million ($7.66/share) which compares to $408.3 million ($6.64/share) in Q1.
My current valuation is $125.00
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group