Callon Petroleum Stock Price, News & Analysis (NYSE:CPE)

7 Wall Street research 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 research analysts is that investors should "moderate buy" CPE shares.
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7 Wall Street analysts have issued 12-month target prices for Callon Petroleum's shares. Their CPE share price targets range from $40.00 to $63.00. On average, they predict the company's share price to reach $48.43 in the next year. This suggests a possible upside of 54.9% 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 15.7% and is now trading at $31.27.
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Callon Petroleum saw a increase in short interest in November. As of November 15th, there was short interest totaling 13,360,000 shares, an increase of 8.4% from the October 31st total of 12,330,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is currently 8.0 days. Currently, 25.6% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Callon Petroleum (NYSE:CPE) posted its earnings results on Wednesday, November, 1st. The oil and natural gas company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.03. The oil and natural gas company had revenue of $619.30 million for the quarter, compared to analyst estimates of $599.76 million. Callon Petroleum had a net margin of 20.63% and a trailing twelve-month return on equity of 16.26%. Callon Petroleum's revenue was down 25.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.04 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 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's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (2.74%), Royal Bank of Canada (2.47%), Channing Capital Management LLC (2.10%), American Century Companies Inc. (1.37%), Allspring Global Investments Holdings LLC (1.22%) and Ameriprise Financial Inc. (1.17%). 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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