Eni (E), BF Form Joint Venture to Develop Renewable Products
Zacks Investment Research | Nov 21, 2021 10:28PM ET
Eni SPA CPE solely focuses on the exploration, and production of oil and gas resources in the Permian Basin. CPE boasts an impressive footprint throughout the core of the Permian Basin, which is the highest-producing shale play in the United States. Callon Petroleum, which is currently valued at $2.9 billion, entered the basin in 2009 and has been strengthening its foothold in the region since then.
In the past year, shares of Callon Petroleum have soared 428.7% compared with Zacks Exploration and Production Industry's growth of 108.7%. CPE's 2021 earnings are expected to skyrocket 212% year over year. CPE currently sports a Zacks Style Score of A for Growth and Momentum.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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