NYSE:CPE Callon Petroleum (CPE) Stock Forecast, Price & News $39.70 +1.85 (+4.89%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$38.52▼$40.4150-Day Range$34.45▼$40.8152-Week Range$28.91▼$50.19Volume3.17 million shsAverage Volume1.54 million shsMarket Capitalization$2.71 billionP/E Ratio2.63Dividend YieldN/APrice Target$51.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Callon Petroleum MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside28.4% Upside$51.00 Price TargetShort InterestBearish24.71% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.30Based on 10 Articles This WeekInsider TradingN/AProj. Earnings Growth11.84%From $7.52 to $8.41 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.2.71 out of 5 starsOils/Energy Sector39th out of 245 stocksCrude Petroleum & Natural Gas Industry23rd out of 80 stocks 4.4 Analyst's Opinion Consensus RatingCallon Petroleum has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $51.00, Callon Petroleum has a forecasted upside of 28.4% from its current price of $39.71.Amount of Analyst CoverageCallon Petroleum has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted24.71% 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 7.8.Change versus previous monthShort interest in Callon Petroleum has recently increased by 1.01%, indicating that investor sentiment is decreasing. 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 2.4 News and Social Media Coverage News SentimentCallon Petroleum has a news sentiment score of 0.30. 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 0.67 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Callon Petroleum this week, compared to 3 articles on an average week.Search InterestOnly 6 people have searched for CPE on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows7 people have added Callon Petroleum to their MarketBeat watchlist in the last 30 days. This is an increase of 133% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Callon Petroleum insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.80% of the stock of Callon Petroleum is held by insiders.Percentage Held by Institutions92.79% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Callon Petroleum are expected to grow by 11.84% in the coming year, from $7.52 to $8.41 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Callon Petroleum is 2.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Callon Petroleum is 2.63, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.09.Price to Book Value per Share RatioCallon Petroleum has a P/B Ratio of 0.79. 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 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.Read More CPE Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CPE Stock News HeadlinesSeptember 28, 2023 | americanbankingnews.comHead-To-Head Analysis: Osage Exploration and Development (OTCMKTS:OEDVQ) and Callon Petroleum (NYSE:CPE)September 27, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) Upgraded to "Hold" by StockNews.comSeptember 28, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 25, 2023 | americanbankingnews.comCallon Petroleum Forecasted to Earn Q3 2023 Earnings of $1.62 Per Share (NYSE:CPE)September 23, 2023 | americanbankingnews.comFY2023 Earnings Estimate for Callon Petroleum (NYSE:CPE) Issued By Zacks ResearchSeptember 20, 2023 | americanbankingnews.comMizuho Increases Callon Petroleum (NYSE:CPE) Price Target to $63.00September 19, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) PT Raised to $63.00 at MizuhoSeptember 18, 2023 | markets.businessinsider.comWhat 9 Analyst Ratings Have To Say About Callon PetroleumSeptember 28, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 10, 2023 | seekingalpha.comCallon Petroleum: Acquiring Its Way Into MediocritySeptember 8, 2023 | markets.businessinsider.comMizuho Securities Reaffirms Their Buy Rating on Callon (CPE)September 1, 2023 | finance.yahoo.comCallon (CPE) Up 9.3% Since Last Earnings Report: Can It Continue?August 24, 2023 | finance.yahoo.com7 Recent Wall Street Upgrades You Might Have MissedAugust 16, 2023 | msn.comCallon Petroleum raised to Buy at Citi on promising Percussion acquisitionAugust 3, 2023 | msn.comCallon Petroleum (CPE) Price Target Decreased by 6.39% to 47.32August 3, 2023 | seekingalpha.comCallon Petroleum Company 2023 Q2 - Results - Earnings Call PresentationAugust 3, 2023 | finance.yahoo.comCallon Petroleum Company Announces Second Quarter 2023 ResultsAugust 3, 2023 | msn.comCallon Petroleum beats Q2 top and bottom line estimates; initiates Q3 and Q4 outlookJuly 19, 2023 | benzinga.comLooking At Callon Petroleum's Recent Unusual Options ActivityJuly 18, 2023 | finance.yahoo.comCallon Petroleum Company Schedules Second Quarter 2023 Conference Call for August 3, 2023July 17, 2023 | seekingalpha.comCallon Petroleum: An Undervalued E&P About To Begin Rewarding ShareholdersJuly 13, 2023 | finance.yahoo.comUS fines Texas oil company Callon Permian over emissionsJuly 10, 2023 | nasdaq.comRBC Capital Maintains Callon Petroleum (CPE) Outperform RecommendationJuly 10, 2023 | markets.businessinsider.comRBC Capital Maintains Outperform Rating for Callon Petroleum: Here's What You Need To KnowJuly 6, 2023 | bizjournals.comCallon Petroleum closes Permian acquisition, Eagle Ford exitJuly 6, 2023 | msn.comCallon (CPE) Acquires Delaware Basin Assets From PercussionJuly 5, 2023 | msn.comCallon Petroleum closes Delaware Basin deal, cuts outstanding debt by $300MSee More Headlines 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 Earnings8/02/2023Today9/28/2023Next Earnings (Estimated)11/01/2023Fiscal 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) 589-5200Fax601-446-1410Employees354Year FoundedN/APrice Target and Rating Average Stock Price Forecast$51.00 High Stock Price Forecast$63.00 Low Stock Price Forecast$41.00 Forecasted Upside/Downside+28.4%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$15.12 Trailing P/E Ratio2.63 Forward P/E Ratio5.28 P/E GrowthN/ANet Income$1.21 billion Net Margins35.11% Pretax Margin31.13% Return on Equity21.41% Return on Assets11.00% Debt Debt-to-Equity Ratio0.64 Current Ratio1.22 Quick Ratio1.22 Sales & Book Value Annual Sales$3.23 billion Price / Sales0.84 Cash Flow$23.22 per share Price / Cash Flow1.71 Book Value$50.08 per share Price / Book0.79Miscellaneous Outstanding Shares68,160,000Free Float66,930,000Market Cap$2.71 billion OptionableOptionable Beta2.74 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Joseph C. Gatto Jr. (Age 52)Pres, CEO & Director Comp: $2.37MMr. Kevin E. Haggard (Age 52)Sr. VP & CFO Comp: $1.07MMr. Gregory F. Conaway (Age 48)VP & Chief Accounting Officer Comp: $668.22kMs. Michol L. Ecklund (Age 48)Sr. VP, Gen. Counsel & Corp. Sec. Comp: $998.74kMr. Russell E. Parker (Age 46)Sr. VP & COO Ms. Carrie EndorfVP of Asset Devel. & TechnologyMs. Angie DayChief Information OfficerMr. Kevin C. SmithDirector of Investor RelationsMr. Liam KellyVP of Corp. Devel. & LandMr. J. Michael HastingsVP of MarketingMore ExecutivesKey CompetitorsComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSSilverBow ResourcesNYSE:SBOWSM EnergyNYSE:SMPDC EnergyNASDAQ:PDCEView All CompetitorsInsiders & InstitutionsBarclays PLCBought 56,452 shares on 9/21/2023Ownership: 0.193%Wolverine Trading LLCSold 11,700 shares on 8/23/2023Ownership: 0.000%Virginia Retirement Systems ET ALBought 24,100 shares on 8/22/2023Ownership: 0.035%California State Teachers Retirement SystemBought 7,585 shares on 8/21/2023Ownership: 0.102%Teachers Retirement System of The State of KentuckyBought 899 shares on 8/21/2023Ownership: 0.024%View All Insider TransactionsView All Institutional Transactions CPE Stock - Frequently Asked Questions Should I buy or sell Callon Petroleum stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 2 hold ratings and 5 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 forecast for 2023? 7 equities research analysts have issued 12-month price targets for Callon Petroleum's stock. Their CPE share price forecasts range from $41.00 to $63.00. On average, they predict the company's stock price to reach $51.00 in the next year. This suggests a possible upside of 28.4% 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 at the start of the year. Since then, CPE stock has increased by 7.1% and is now trading at $39.7050. 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 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 volume of 1,570,000 shares, the short-interest ratio is currently 8.4 days. Approximately 25.1% of the company's 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, November 1st 2023. View our CPE earnings forecast. How were Callon Petroleum's earnings last quarter? Callon Petroleum (NYSE:CPE) posted its quarterly earnings data on Wednesday, August, 2nd. The oil and natural gas company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.21. The oil and natural gas company earned $562.30 million during 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 company's revenue for the quarter was down 38.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.68 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 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). 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 number of retail and institutional investors. Top institutional investors 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. 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 $39.71. How much money does Callon Petroleum make? Callon Petroleum (NYSE:CPE) has a market capitalization of $2.71 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. How many employees does Callon Petroleum have? The company employs 354 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 9/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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