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Enter Symbol:
 
Callon Petroleum Company (CPE) [hlAlert]

Rating:
Outperform
CPE
down 1.48 %

Callon Petroleum Company (CPE) rated Outperform with price target $12 by FBR Capital

Posted on: Thursday,  Nov 5, 2015  3:25 PM ET by FBR Capital

FBR Capital rated Outperform Callon Petroleum Company (NYSE: CPE) on 11/05/2015, when the stock price was $8.73. Since
then, Callon Petroleum Company has lost 1.49% as of 11/05/2015's recent price of $8.60.
If you would have followed this FBR Capital's recommendation on CPE, you would have lost 1.48% of your investment in 0 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).

FBR Capital uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/5/2015 3:25 PM Buy
None
8.73 12.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

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