Callon Petroleum is one of the independent oil and natural gas companies which mainly focuses on the purchasing, development, and examination of high-quality assets in the leading oil fields of West and the South Texas. This company’s stock is traded on the New York Stock Exchange under the symbolic name of “CPE”. The Company’s major focus is on the acquisition and the growth of some unconventional oil and natural gas reserves in the Permian Basin. Some of the facts about NYSE: CPE at https://www.webull.com/quote/nyse-cpe will be discussed in this article.

Some of the facts to know about NYSE: CPE

The company was founded in the year 1950 and is the company headquartered in Houston, Texas. This company has got 475 employees. In the 1980s, this company used the technology of seismic mapping that is mainly developed by some of the major petroleum companies to explore the shallow water properties. In the late 1990s, this company went in search of the deepwater finds in cooperation with some other oil companies. The Company’s drilling activity mainly focuses on the Midland Basin. The company has a strong base in the Delaware basin too.

Top reasons to buy the stocks of this company

 

  1. Value investing is the type of investment strategy which involves the picking of the stocks which appear to be trading for less than their book value. The value investors normally follow the financial analysis. The cpe is a good buy for the value investors.
  2. The financial health of the company and its growth prospects demonstrate the potential to outperform the market. Currently, the company is having a growth score of B.
  3. The highest price of the stock of this company was $2.75 in the 30days period and the low price of $0.72.
  4. The company’s 90-day high price of the stock was $2.75 and the low price was $0.39.
  5. The 52-week high price for Callon Petroleum Company is  $6.76 and has a low price of  $0.38.
  6. Callon Petroleum Company normally lies in the lower part of a very wide and strong rising trend in terms of short interval and this normally poses a good buying opportunity.
  7. This company is having some of the buy signals from both the short and long-term moving averages. Also, there is a buy signal by combining these two signals where the short-term average is crossing the long-term average.
  8. According to several investors, this is good to buy the stock because of its good trends and some of the short term signals.

Conclusion

Before buying any stock of any company, it is careful to watch for their growth trend and other related factors. If you are new to this market, you also need to know how to start trading stocks .Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.