Callon Petroleum (CPE) Update - October 22
Posted: Thu Oct 22, 2020 11:19 am
Stifel sends out an Oil & Gas Upstream update each month (78 pages with lots of tables and charts). In it they list the companies that they cover with updated stock price targets.
In today's update (10/22/2020) Stifel has lowered their price target for Callon Petroleum (CPE) by $2 to $16.50. They rate CPE a BUY.
CPE is trading at $4.88 at the time of this post.
First Call's price target is $8.44. My valuation is still $19.00; lower oil prices through Q2 2021 are more than offset by higher natural gas prices.
In today's update (10/22/2020) Stifel has lowered their price target for Callon Petroleum (CPE) by $2 to $16.50. They rate CPE a BUY.
CPE is trading at $4.88 at the time of this post.
First Call's price target is $8.44. My valuation is still $19.00; lower oil prices through Q2 2021 are more than offset by higher natural gas prices.