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Callon Petroleum Company (CPE) [hlAlert]

Sector Outperform
down 18.86 %

Callon Petroleum Company (CPE) rated Sector Outperform with price target $20 by Howard Weil

Posted on: Wednesday,  Sep 3, 2014  9:25 AM ET by Howard Weil

Howard Weil rated Sector Outperform Callon Petroleum Company (NYSE: CPE) on 09/03/2014, when the stock price was $10.60.
Since then, Callon Petroleum Company has lost 18.87% as of 11/05/2015's recent price of $8.60.
If you would have followed this Howard Weil's recommendation on CPE, you would have lost 18.86% of your investment in 428 days.

Callon Petroleum Company (Callon) is engaged in the exploration, development, acquisition and production of oil and gas properties. The Company?s properties are geographically concentrated primarily offshore in the Gulf Coast Region both onshore and offshore. As of December 31, 2008, Callon owned working interests in a total of 86 blocks/leases covering 193,000 net acres. As of December 31, 2008, the Company?s estimated net proved reserves totaled 54.8 billion cubic feet of natural gas equivalent (Bcfe) and included six million barrels of oil (MMBbls) and 18.7 billion cubic feet of natural gas (Bcf). Oil constitutes approximately 66% on an equivalent basis of its total estimated proved reserves and approximately 76% of its total estimated proved reserves are proved developed reserves. On April 8, 2008, the Company sold a 50% working interest in the Entrada field to CIECO Energy (US) Limited (CIECO).

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/3/2014 9:25 AM Buy
10.60 20.00
as of 10/17/2014
1 Week down  -11.06 %
1 Month down  -37.36 %
3 Months down  -44.95 %
1 YTD down  -8.88 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/13/2014 9:25 AM Buy
7.99 11.00
9/9/2013 8:25 AM Buy
4.66 8.00
5/8/2012 9:25 AM Hold
5.16 8.00
2/3/2011 8:25 AM Buy
9.13 11.00
11/16/2010 10:25 AM Buy
5.72 7.00
1/7/2010 10:25 AM Hold
1.81 2.00
11/18/2008 11:25 AM Hold
5.24 13.00
7/9/2008 10:25 AM Buy

(*) Stock Price at the time of the recommendation.
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