Callon Petroleum (CPE) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CPE shares.
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7 analysts have issued twelve-month target prices for Callon Petroleum's stock. Their CPE share price forecasts range from $41.00 to $63.00. On average, they expect the company's stock price to reach $51.00 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price.
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Callon Petroleum's stock was trading at $37.09 at the beginning of the year. Since then, CPE shares have increased by 0.0% and is now trading at $37.10.
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Callon Petroleum saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 13,180,000 shares, an increase of 7.0% from the July 31st total of 12,320,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is presently 8.4 days. Currently, 25.1% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Callon Petroleum (NYSE:CPE) posted its quarterly earnings results on Wednesday, August, 2nd. The oil and natural gas company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.21. The oil and natural gas company had revenue of $562.30 million for the quarter, compared to the consensus estimate of $561.08 million. Callon Petroleum had a net margin of 35.11% and a trailing twelve-month return on equity of 21.41%. The firm's revenue was down 38.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.68 EPS.

ETFs with the largest weight of Callon Petroleum (NYSE:CPE) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Pacer US Small Cap Cash Cows 100 ETF (CALF), First Trust Natural Gas ETF (FCG), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH) and First Trust Small Cap Value AlphaDEX Fund (FYT).iShares U.S. Oil & Gas Exploration & Production ETF (IEO).

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.

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).

Callon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPE."

Callon Petroleum's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.85%), State Street Corp (5.98%), Dimensional Fund Advisors LP (4.75%), Geode Capital Management LLC (1.62%), Woodline Partners LP (1.32%) and Allspring Global Investments Holdings LLC (1.21%). 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, S P Iv Johnson and Steven A Webster.
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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.
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One share of CPE stock can currently be purchased for approximately $37.10.

Callon Petroleum (NYSE:CPE) has a market capitalization of $2.53 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 $15.12 on an earnings per share basis.

The company employs 354 workers across the globe.

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.