Why Hold Strategy is Apt for Callon Petroleum (CPE) Stock Now

Published on 4 Jan 2024 on Zacks via Yahoo Finance

Why Hold Strategy is Apt for Callon Petroleum (CPE) Stock Now

Callon Petroleum Company CPE has witnessed no earnings estimate revisions for its 2024 earnings in the past seven days. The Zacks Consensus Estimate for this year is pegged at $7.75 per share.

What’s Favoring the Stock?

West Texas Intermediate crude price, trading at more than $70 per barrel, is highly favorable for exploration and production activities.

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NYSE.CPE price evolution

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