NYSE:CPE Callon Petroleum - CPE Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Callon Petroleum Please log in to your account or sign up in order to add this asset to your watchlist. $31.42 +1.41 (+4.70%) (As of 03/21/2023 12:00 AM ET) Add Compare Share Share Today's Range$30.92▼$31.8650-Day Range$29.75▼$43.8952-Week Range$28.91▼$66.48Volume1.90 million shsAverage Volume1.45 million shsMarket Capitalization$1.94 billionP/E Ratio1.61Dividend YieldN/APrice Target$60.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Callon Petroleum MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside93.3% Upside$60.75 Price TargetShort InterestBearish13.14% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.13Based on 4 Articles This WeekInsider TradingAcquiring Shares$9,795 Bought Last QuarterProj. Earnings Growth-6.69%From $11.36 to $10.60 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsOils/Energy Sector149th out of 242 stocksCrude Petroleum & Natural Gas Industry55th out of 78 stocks 3.2 Analyst's Opinion Consensus RatingCallon Petroleum has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $60.75, Callon Petroleum has a forecasted upside of 93.3% from its current price of $31.42.Amount of Analyst CoverageCallon Petroleum has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted13.14% of the float of Callon Petroleum has been sold short.Short Interest Ratio / Days to CoverCallon Petroleum has a short interest ratio ("days to cover") of 5.6.Change versus previous monthShort interest in Callon Petroleum has recently increased by 18.45%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCallon Petroleum does not currently pay a dividend.Dividend GrowthCallon Petroleum does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CPE. Previous Next 1.7 News and Social Media Coverage News SentimentCallon Petroleum has a news sentiment score of 0.13. 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 lower news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Callon Petroleum this week, compared to 2 articles on an average week.Search InterestOnly 24 people have searched for CPE on MarketBeat in the last 30 days. This is a decrease of -49% compared to the previous 30 days.MarketBeat FollowsOnly 4 people have added Callon Petroleum to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Callon Petroleum insiders have bought more of their company's stock than they have sold. Specifically, they have bought $9,795.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.80% of the stock of Callon Petroleum is held by insiders.Percentage Held by Institutions83.60% of the stock of Callon Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Callon Petroleum are expected to decrease by -6.69% in the coming year, from $11.36 to $10.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Callon Petroleum is 1.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Callon Petroleum is 1.61, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 65.55.Price to Book Value per Share RatioCallon Petroleum has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Callon Petroleum (NYSE:CPE) StockCallon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.Read More Receive CPE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Callon Petroleum and its competitors with MarketBeat's FREE daily newsletter. Email Address CPE Stock News HeadlinesMarch 19, 2023 | americanbankingnews.comStockNews.com Begins Coverage on Callon Petroleum (NYSE:CPE)March 14, 2023 | americanbankingnews.comCallon Petroleum Expected to Earn Q1 2023 Earnings of $2.32 Per Share (NYSE:CPE)March 22, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 12, 2023 | americanbankingnews.comMizuho Lowers Callon Petroleum (NYSE:CPE) Price Target to $54.00March 9, 2023 | seekingalpha.comCallon Petroleum: Reviewing Its Guidance For 2023February 27, 2023 | finance.yahoo.comCallon Petroleum (CPE) Q4 Earnings Miss Estimates, Revenues BeatFebruary 25, 2023 | seekingalpha.comCallon Petroleum Company (CPE) Q4 2022 Earnings Call TranscriptFebruary 24, 2023 | finance.yahoo.comDo Callon Petroleum's (NYSE:CPE) Earnings Warrant Your Attention?March 22, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.February 22, 2023 | finance.yahoo.comCallon Petroleum Company Announces Fourth Quarter and Full Year 2022 ResultsFebruary 22, 2023 | finance.yahoo.comCallon Issues 2023 Capital Program and Outlook, Projected to Generate More Than $2.75 Billion in Adjusted Free Cash Flow Over The Next Five YearsFebruary 22, 2023 | finance.yahoo.comCallon Petroleum (CPE) Q4 Earnings Miss EstimatesFebruary 21, 2023 | benzinga.comEarnings Preview: Callon PetroleumFebruary 21, 2023 | markets.businessinsider.comAnalyst Expectations for Callon Petroleum's FutureFebruary 13, 2023 | seekingalpha.comCallon chair Flury to retire after 2023 annual meetingFebruary 9, 2023 | finance.yahoo.comCallon Petroleum Company Schedules Fourth Quarter and Full Year 2022 Conference Call for February 23, 2023January 22, 2023 | reuters.comCPE.MW - | Stock Price & Latest News | ReutersJanuary 20, 2023 | finance.yahoo.comWhile shareholders of Callon Petroleum (NYSE:CPE) are in the red over the last five years, underlying earnings have actually grownJanuary 5, 2023 | seekingalpha.comCallon Petroleum: A Look At Its Potential 2023 ResultsJanuary 3, 2023 | finance.yahoo.comCallon Petroleum moving HQ to brand-new office building in Memorial CityDecember 30, 2022 | finance.yahoo.comA Look At The Fair Value Of Callon Petroleum Company (NYSE:CPE)December 13, 2022 | finance.yahoo.comWhy Hold Strategy is Apt for Callon Petroleum (CPE) Stock NowDecember 5, 2022 | msn.com4 Analysts Have This to Say About Callon PetroleumDecember 3, 2022 | finance.yahoo.comCallon (CPE) Down 12.1% Since Last Earnings Report: Can It Rebound?December 1, 2022 | benzinga.comThis Is What Whales Are Betting On Callon PetroleumNovember 8, 2022 | finance.yahoo.comCan Refracs Boost U.S. Shale Output?November 8, 2022 | finance.yahoo.comCallon Petroleum Third Quarter 2022 Earnings: Beats ExpectationsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CPE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Callon Petroleum and its competitors with MarketBeat's FREE daily newsletter. Email Address CPE Company Calendar Last Earnings2/23/2023Today3/21/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:CPE CUSIP13123X10 CIK928022 Webwww.callon.com Phone(281) 589-5200Fax601-446-1410Employees322Year FoundedN/APrice Target and Rating Average Stock Price Forecast$60.75 High Stock Price Forecast$80.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+93.3%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$19.55 Trailing P/E Ratio1.61 Forward P/E Ratio2.77 P/E GrowthN/ANet Income$1.21 billion Net Margins37.44% Pretax Margin37.81% Return on Equity35.68% Return on Assets15.00% Debt Debt-to-Equity Ratio0.73 Current Ratio0.42 Quick Ratio0.42 Sales & Book Value Annual Sales$3.23 billion Price / Sales0.60 Cash Flow$23.45 per share Price / Cash Flow1.34 Book Value$50.08 per share Price / Book0.63Miscellaneous Outstanding Shares61,630,000Free Float60,516,000Market Cap$1.94 billion OptionableOptionable Beta2.70 Key ExecutivesJoseph C. GattoPresident, Chief Executive Officer & DirectorJeffrey Scott BalmerChief Operating Officer & Senior Vice PresidentKevin E. HaggardChief Financial Officer & Senior Vice PresidentAngie DayChief Information Officer & Vice PresidentCarrie EndorfVice President-Asset Development & TechnologyKey CompetitorsComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSW&T OffshoreNYSE:WTISM EnergyNYSE:SMBerryNASDAQ:BRYView All CompetitorsInsiders & InstitutionsVictory Capital Management Inc.Sold 152,304 shares on 3/10/2023Ownership: 0.428%Goehring & Rozencwajg Associates LLCBought 24,725 shares on 3/1/2023Ownership: 0.040%Parallax Volatility Advisers L.P.Sold 29,800 shares on 2/27/2023Ownership: 0.000%Barbara J FaulkenberryBought 250 shares on 2/27/2023Total: $9,795.00 ($39.18/share)Teachers Retirement System of The State of KentuckyBought 2,992 shares on 2/22/2023Ownership: 0.026%View All Insider TransactionsView All Institutional Transactions CPE Stock - Frequently Asked Questions Should I buy or sell Callon Petroleum stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPE, but not buy additional shares or sell existing shares. View CPE analyst ratings or view top-rated stocks. What is Callon Petroleum's stock price forecast for 2023? 9 analysts have issued 12 month price targets for Callon Petroleum's shares. Their CPE share price forecasts range from $45.00 to $80.00. On average, they predict the company's stock price to reach $60.75 in the next twelve months. This suggests a possible upside of 93.3% 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 2023? Callon Petroleum's stock was trading at $37.09 on January 1st, 2023. Since then, CPE shares have decreased by 15.3% and is now trading at $31.42. View the best growth stocks for 2023 here. Are investors shorting Callon Petroleum? Callon Petroleum saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 6,870,000 shares, an increase of 18.4% from the February 13th total of 5,800,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 5.6 days. Currently, 13.1% of the shares of the stock are short sold. 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 3rd 2023. View our CPE earnings forecast. How were Callon Petroleum's earnings last quarter? Callon Petroleum (NYSE:CPE) released its earnings results on Thursday, February, 23rd. The oil and natural gas company reported $3.36 earnings per share for the quarter, missing analysts' consensus estimates of $3.44 by $0.08. The oil and natural gas company earned $704.25 million during the quarter, compared to the consensus estimate of $617.42 million. Callon Petroleum had a net margin of 37.44% and a trailing twelve-month return on equity of 35.68%. During the same quarter in the prior year, the company earned $2.66 earnings per share. What ETFs hold Callon Petroleum's stock? ETFs with the largest weight of Callon Petroleum (NYSE:CPE) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Invesco S&P SmallCap Value with Momentum ETF (XSVM), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Janus Henderson Small Cap Growth Alpha ETF (JSML). 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). What is Callon Petroleum's stock symbol? Callon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPE." Who are Callon Petroleum's major shareholders? Callon Petroleum's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (2.89%), Marshall Wace LLP (1.56%), Post Oak Energy Holdings LLC (1.50%), Geode Capital Management LLC (1.46%), Allspring Global Investments Holdings LLC (1.00%) and American Century Companies Inc. (0.98%). Insiders that own company stock include Barbara J Faulkenberry, Bpp Energy Partners Llc, Bpp Holdco Llc, Gregory F Conaway, Holdings LP Blackstone III, Primexx Energy Partners, Ltd and S P Iv Johnson. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Callon Petroleum's stock price today? One share of CPE stock can currently be purchased for approximately $31.42. How much money does Callon Petroleum make? Callon Petroleum (NYSE:CPE) has a market capitalization of $1.94 billion and generates $3.23 billion in revenue each year. The oil and natural gas company earns $1.21 billion in net income (profit) each year or $19.55 on an earnings per share basis. How many employees does Callon Petroleum have? The company employs 322 workers across the globe. How can I contact Callon Petroleum? Callon Petroleum's mailing address is 2000 W. Sam Houston Parkway S. Suite 2000, HOUSTON TX, 77042. The official website for the company is www.callon.com. The oil and natural gas company can be reached via phone at (281) 589-5200, via email at ir@callon.com, or via fax at 601-446-1410. This page (NYSE:CPE) was last updated on 3/22/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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