Stifel lowered the firm’s price target on Callon Petroleum to $44 from $54 and keeps a Buy rating on the shares. The firm updated its model on the company following quarterly results and updated guidance, the analyst tells investors. Callon Petroleum offers a “compelling” combination of value and capital efficiency, the firm says. Stifel is constructive on the near-term setup following the closure of Callon’s acquisition and sale of Delaware and Eagle Ford assets.
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Read More on CPE:
- Callon Petroleum price target lowered to $42 from $50 at RBC Capital
- Callon Petroleum price target lowered to $60 from $63 at Mizuho
- Callon Petroleum backs FY23 CapEx view $960M-$980M
- Callon Petroleum reports Q3 adjusted EPS $1.82, consensus $1.79
- Callon Petroleum Company Reports Third Quarter 2023 Results
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