Callon (CPE) Gets a Buy Rating from Piper Jaffray

By Ryan Adsit

In a report issued on August 10, David Kistler from Piper Jaffray reiterated a Buy rating on Callon (NYSE: CPE), with a price target of $20. The company’s shares closed on Friday at $11.39.

According to TipRanks.com, Kistler is a 4-star analyst with an average return of 9.1% and a 62.3% success rate. Kistler covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Whiting Petroleum Corp.

Currently, the analyst consensus on Callon is a Strong Buy with an average price target of $18.

See today’s analyst top recommended stocks >>

The company has a one-year high of $14.65 and a one-year low of $9.34. Currently, Callon has an average volume of 6.2M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties. 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 Natchez, MS.