ArcLight to Sell Element Petroleum II's Remaining Permian Basin Assets
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September 9, 2016 8:08 AM EDT
KLR Group reiterated a Buy rating on Callon Petroleum (NYSE: CPE), and raised the price target to $21.00 (from $18.00), following the company's announced agreement to acquire ~5,667 and an overriding royalty interest in three 480 acre units offsetting the acreage net acres in Howard County for ~$327 million.... More
September 9, 2016 6:56 AM EDT
FBR Capital reiterated an Outperform rating on Callon Petroleum (NYSE: CPE), and raised the price target to $19.00 (from $17.00), following the company's acquisition of the Midland Basin. The purchase expands the company's WildHorse operating area in Howard County by 5,667 net acres and 112 net locations for... More
September 8, 2016 9:53 AM EDT
Canaccord Genuity reiterated a Buy rating on Callon Petroleum (NYSE: CPE), and raised the price target to $18.00 (from $15.00), following the company's acquisition of 5.7K net acres in northwest Howard.
Analyst Sam Burwell commented, "CPE is acquiring 5.7K net acres in northwest Howard, thus... More
