Callon Petroleum - CPE Stock Forecast, Price & News

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.
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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.
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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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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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.

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).

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 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.
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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 $31.42.

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.

The company employs 322 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.