J.P. Morgan analyst Zach Parham maintained a Hold rating on Callon (NYSE:CPE) Petroleum Company on Tuesday, setting a price target of $71, which is approximately 33.26% above the present share price of $53.28.
Parham expects Callon Petroleum Company to post earnings per share (EPS) of $3.71 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Hold rating of shares in Callon, with an average price target of $71.43.
The analysts price targets range from a high of $78 to a low of $60.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $552.56 million and a net profit of $314.13 million. The company's market cap is $3.27 billion.
According to TipRanks.com, J.P. Morgan analyst Zach Parham is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -2.2% and a 51.52% success rate.
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 Houston, TX.