Should I buy or sell Callon Petroleum stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CPE shares. View CPE analyst ratings or view top-rated stocks .

What is Callon Petroleum's stock price target for 2024?

6 Wall Street research analysts have issued 12 month price targets for Callon Petroleum's shares. Their CPE share price targets range from $32.00 to $48.00. On average, they predict the company's share price to reach $40.33 in the next year. This suggests a possible upside of 12.8% from the stock's current price. View analysts price targets for CPE or view top-rated stocks among Wall Street analysts .

How have CPE shares performed in 2024?

Callon Petroleum's stock was trading at $32.40 at the beginning of the year. Since then, CPE stock has increased by 10.4% and is now trading at $35.76. View the best growth stocks for 2024 here .

Are investors shorting Callon Petroleum?

Callon Petroleum saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 8,370,000 shares, a drop of 9.6% from the February 29th total of 9,260,000 shares. Based on an average daily trading volume, of 1,640,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 16.0% of the company's shares are sold short. View Callon Petroleum's Short Interest .

When is Callon Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our CPE earnings forecast .

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) posted its quarterly earnings results on Monday, February, 26th. The oil and natural gas company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.74 by $0.12. The oil and natural gas company earned $601.36 million during the quarter, compared to analyst estimates of $563.30 million. Callon Petroleum had a trailing twelve-month return on equity of 12.65% and a net margin of 17.12%.

What ETFs hold Callon Petroleum's stock?

ETFs with the largest weight of Callon Petroleum (NYSE:CPE) stock in their portfolio include First Trust Natural Gas ETF (FCG) . First Trust Small Cap Value AlphaDEX Fund (FYT) .

What is Fred L. Callon's approval rating as Callon Petroleum's CEO?

2 employees have rated Callon Petroleum Chief Executive Officer Fred L. Callon on Glassdoor.com . Fred L. Callon has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Callon Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Callon Petroleum investors own include Oasis Petroleum (OAS) , Bank of America (BAC) , Range Resources (RRC) , Energy Transfer (ET) , Ford Motor (F) , Advanced Micro Devices (AMD) , General Electric (GE) , Boeing (BA) , AT&T (T) and Coeur Mining (CDE) .

Who are Callon Petroleum's major shareholders?

Callon Petroleum's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cannon Global Investment Management LLC (0.32%), Allspring Global Investments Holdings LLC (0.29%), Global Assets Advisory LLC (0.05%) and Portman Square Capital LLP (0.01%). Insiders that own company stock include Barbara J Faulkenberry, Bpp Energy Partners Llc, Bpp Holdco Llc, Holdings LP Blackstone III, Primexx Energy Partners, Ltd, S P Iv Johnson and Steven A Webster. View institutional ownership trends .

How do I buy shares of Callon Petroleum?

Shares of CPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:CPE

Callon Petroleum (CPE) Stock Price, News & Analysis

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$35.76

0.00 (0.00%)

(As of 04/11/2024)

Compare

Today's Range: $35.76
▼
$35.76
50-Day Range: $30.63
▼
$36.06
52-Week Range: $28.62
▼
$41.36

Volume: N/A
Average Volume: 2.15 million shs
Market Capitalization: $2.38 billion

P/E Ratio: 5.87
Dividend Yield: N/A
Price Target: $40.33

Get Callon Petroleum alerts:

Callon Petroleum MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 12.8% Upside
$40.33 Price Target
Short Interest: Healthy
16.01% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 11.43%
From $6.56 to $7.31 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.93 out of 5 stars

Energy Sector

3rd out of 8 stocks

Oil & Gas E&P Industry

3rd out of 3 stocks

2.3

Analyst's Opinion

Consensus Rating
Callon Petroleum has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Callon Petroleum has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
16.01% of the float of Callon Petroleum has been sold short.
Short Interest Ratio / Days to Cover
Callon Petroleum has a short interest ratio ("days to cover") of 5.1.
Change versus previous month
Short interest in Callon Petroleum has recently decreased by 9.61%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Callon Petroleum does not currently pay a dividend.
Dividend Growth
Callon Petroleum does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CPE.

3.3

News and Social Media Coverage

News Sentiment
Callon Petroleum has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Callon Petroleum this week, compared to 4 articles on an average week.
Search Interest
6 people have searched for CPE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added Callon Petroleum to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Callon Petroleum insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.80% of the stock of Callon Petroleum is held by insiders.
Percentage Held by Institutions
91.08% of the stock of Callon Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Callon Petroleum are expected to grow by 11.43% in the coming year, from $6.56 to $7.31 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Callon Petroleum is 5.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Callon Petroleum is 5.87, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.05.
Price to Book Value per Share Ratio
Callon Petroleum has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Callon Petroleum Stock (NYSE:CPE)

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. Callon Petroleum Company was founded in 1950 and is headquartered in Houston, Texas.

CPE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CPE Stock News Headlines

April 13, 2024 | americanbankingnews.com

Callon Petroleum (NYSE:CPE) Coverage Initiated by Analysts at StockNews.com

March 29, 2024 | prnewswire.com

CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 25, 2024 | prnewswire.com

AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600

March 21, 2024 | nasdaq.com

Callon Petroleum (CPE) Shares Cross Above 200 DMA

March 18, 2024 | finance.yahoo.com

CPE Jul 2024 31.000 call

March 18, 2024 | finance.yahoo.com

CPE Jun 2024 31.000 call

March 15, 2024 | prnewswire.com

CALLON PETROLEUM COMPANY ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS TENDER OFFERS AND CONSENT SOLICITATIONS

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 15, 2024 | finance.yahoo.com

CALLON PETROLEUM COMPANY ANNOUNCES EARLY RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS

March 1, 2024 | prnewswire.com

CALLON PETROLEUM COMPANY ANNOUNCES TENDER OFFERS AND CONSENT SOLICITATIONS CONTINGENT ON CLOSING OF MERGER

February 26, 2024 | prnewswire.com

Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results

February 23, 2024 | finance.yahoo.com

Q4 2023 APA Corp (US) Earnings Call

February 21, 2024 | finance.yahoo.com

Earnings Preview: Callon Petroleum (CPE) Q4 Earnings Expected to Decline

February 19, 2024 | ca.finance.yahoo.com

CPE Jul 2024 33.000 call

February 19, 2024 | finance.yahoo.com

CPE Mar 2024 30.000 call

February 19, 2024 | finance.yahoo.com

CPE Mar 2024 36.000 put

February 19, 2024 | ca.finance.yahoo.com

CPE Mar 2024 30.000 put

February 17, 2024 | ca.finance.yahoo.com

CPE Jun 2024 21.000 put

February 17, 2024 | ca.finance.yahoo.com

CPE Apr 2024 42.000 put

February 15, 2024 | finance.yahoo.com

CPE Jun 2024 32.000 put

February 14, 2024 | wsj.com

Callon Petroleum Co.

January 23, 2024 | realmoney.thestreet.com

Callon Petroleum just downgraded at Stifel, here's why

January 7, 2024 | seekingalpha.com

APA's Acquisition Of Callon Petroleum - An Opportunity For CPE Shareholders

January 5, 2024 | msn.com

M & A News: APA Acquires Callon (NYSE:CPE) in $4.5B Deal

January 4, 2024 | benzinga.com

Big Players' Recent Trades in CPE Options

January 4, 2024 | seekingalpha.com

APA Corporation Buys Callon Petroleum: Joining Domestic Energy Consolidation

See More Headlines

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Company Calendar

Last Earnings: 2/26/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: Oil & Gas Exploration & Production
Current Symbol: NYSE:CPE
CUSIP: 13123X10
CIK: 928022
Web: www.callon.com
Phone: (281) 589-5200
Fax: 601-446-1410
Employees: 281
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $40.33
High Stock Price Target: $48.00
Low Stock Price Target: $32.00
Potential Upside/Downside: +12.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.09
Trailing P/E Ratio: 5.87
Forward P/E Ratio: 5.45
P/E Growth: N/A
Net Income: $401.20 million
Net Margins: 17.12%
Pretax Margin: 9.02%
Return on Equity: 12.65%
Return on Assets: 7.14%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 0.39
Quick Ratio: 0.39

Sales & Book Value

Annual Sales: $2.34 billion
Price / Sales: 1.02
Cash Flow: $15.09 per share
Price / Cash Flow: 2.37
Book Value: $58.89 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 66,508,000
Free Float: 65,311,000
Market Cap: $2.38 billion
Optionable: Optionable
Beta: 2.46

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Key Executives

Mr. Joseph C. Gatto Jr. (Age 53)
President, CEO & Director
Comp: $2.37M
Mr. Kevin E. Haggard (Age 53)
Senior VP & CFO
Comp: $1.07M
Mr. Gregory F. Conaway (Age 49)
VP & Chief Accounting Officer
Comp: $668.22k
Ms. Michol L. Ecklund (Age 48)
Senior VP, General Counsel, Chief Sustainability Officer & Corporate Secretary
Comp: $998.74k
Mr. Russell E. Parker (Age 47)
Senior VP & COO
Ms. Angie Day
VP & Chief Information Officer
Mr. Matthew Hesterberg
Investor Relations
Mr. Liam Kelly
Vice President of Corporate Development & Land
Mr. J. Michael Hastings
Vice President of Marketing
Ms. Elizabeth Shuler
Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CPE Stock Analysis - Frequently Asked Questions

Should I buy or sell Callon Petroleum stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CPE shares.
View CPE analyst ratings or view top-rated stocks.
What is Callon Petroleum's stock price target for 2024?: 6 Wall Street research analysts have issued 12 month price targets for Callon Petroleum's shares. Their CPE share price targets range from $32.00 to $48.00. On average, they predict the company's share price to reach $40.33 in the next year. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for CPE or view top-rated stocks among Wall Street analysts.
How have CPE shares performed in 2024?: Callon Petroleum's stock was trading at $32.40 at the beginning of the year. Since then, CPE stock has increased by 10.4% and is now trading at $35.76.
View the best growth stocks for 2024 here.
Are investors shorting Callon Petroleum?: Callon Petroleum saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 8,370,000 shares, a drop of 9.6% from the February 29th total of 9,260,000 shares. Based on an average daily trading volume, of 1,640,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 16.0% of the company's shares are sold short.
View Callon Petroleum's Short Interest.
When is Callon Petroleum's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our CPE earnings forecast.
How were Callon Petroleum's earnings last quarter?: Callon Petroleum (NYSE:CPE) posted its quarterly earnings results on Monday, February, 26th. The oil and natural gas company reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.74 by $0.12. The oil and natural gas company earned $601.36 million during the quarter, compared to analyst estimates of $563.30 million. Callon Petroleum had a trailing twelve-month return on equity of 12.65% and a net margin of 17.12%.

What ETFs hold Callon Petroleum's stock?: ETFs with the largest weight of Callon Petroleum (NYSE:CPE) stock in their portfolio include First Trust Natural Gas ETF (FCG).First Trust Small Cap Value AlphaDEX Fund (FYT).
What is Fred L. Callon's approval rating as Callon Petroleum's CEO?: 2 employees have rated Callon Petroleum Chief Executive Officer Fred L. Callon on Glassdoor.com. Fred L. Callon has an approval rating of 73% among the company's employees.
What other stocks do shareholders of Callon Petroleum own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Callon Petroleum investors own include Oasis Petroleum (OAS), Bank of America (BAC), Range Resources (RRC), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE), Boeing (BA), AT&T (T) and Coeur Mining (CDE).
Who are Callon Petroleum's major shareholders?: Callon Petroleum's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cannon Global Investment Management LLC (0.32%), Allspring Global Investments Holdings LLC (0.29%), Global Assets Advisory LLC (0.05%) and Portman Square Capital LLP (0.01%). Insiders that own company stock include Barbara J Faulkenberry, Bpp Energy Partners Llc, Bpp Holdco Llc, Holdings LP Blackstone III, Primexx Energy Partners, Ltd, S P Iv Johnson and Steven A Webster.
View institutional ownership trends.
How do I buy shares of Callon Petroleum?: Shares of CPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CPE) was last updated on 4/18/2024 by MarketBeat.com Staff

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