The price of Callon Petroleum Company (NYSE:CPE) shares last traded on Wall Street rose 0.18% to $33.59.
Based on available information, 16 analysts follow Callon Petroleum Company (NYSE:CPE). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $71.00 and a low of $36.00, we find $50.00. Given the previous closing price of $33.53, this indicates a potential upside of 49.12 percent. CPE stock price is now 2.73% away from the 50-day moving average and -9.85% away from the 200-day moving average. The market capitalization of the company currently stands at $2.07B.
Among analysts, 9 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $49.62 as their price target over the next twelve months.
With the price target of $59, Mizuho recently initiated with Buy rating for Callon Petroleum Company (NYSE: CPE).
In other news, WEBSTER STEVEN A, Director bought 7,384 shares of the company’s stock on May 31. The stock was bought for $225,175 at an average price of $30.50. Upon completion of the transaction, the Director now directly owns 610,208 shares in the company, valued at $20.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 12, Director WEBSTER STEVEN A bought 10,000 shares of the business’s stock. A total of $302,450 was incurred on buying the stock at an average price of $30.25. This leaves the insider owning 602,824 shares of the company worth $20.25 million. Insiders disposed of 47,474 shares of company stock worth roughly $1.59 million over the past 1 year. A total of 1.84% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPE stock. A new stake in Callon Petroleum Company shares was purchased by PACER ADVISORS, INC. during the first quarter worth $36,056,000. WEBS CREEK CAPITAL MANAGEMENT LP invested $20,154,000 in shares of CPE during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Callon Petroleum Company valued at approximately $5,892,000. FOREST AVENUE CAPITAL MANAGEMENT LP acquired a new stake in CPE for approximately $3,382,000. BALYASNY ASSET MANAGEMENT L.P. purchased a new stake in CPE valued at around $3,177,000 in the second quarter. In total, there are 329 active investors with 86.80% ownership of the company’s stock.
A candlestick chart of Callon Petroleum Company (NYSE: CPE) showed a price of $33.27 on Friday morning. During the past 12 months, Callon Petroleum Company has had a low of $28.91 and a high of $50.19. As of last week, the company has a debt-to-equity ratio of 0.60, a current ratio of 0.40, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $4.28B, which is based on a 1.49 price-to-earnings ratio, a 0.06 price-to-earnings-growth ratio, and a beta of 2.76. The fifty day moving average price for CPE is $32.71 and a two-hundred day moving average price translates $37.23 for the stock.
The latest earnings results from Callon Petroleum Company (NYSE: CPE) was released for Mar, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.94, missing analysts’ expectations of $2.09 by -0.15. This compares to -$0.13 EPS in the same period last year. The net profit margin was 46.10% and return on equity was 45.80% for CPE. The company reported revenue of $560.05 million for the quarter, compared to $777.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.94 percent. For the current quarter, analysts expect CPE to generate $577.18M in revenue.
Callon Petroleum Company(CPE) Company Profile
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. The company was founded in 1950 and is headquartered in Houston, Texas.
