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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CPE shares.
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6 analysts have issued 12 month price targets for Callon Petroleum's shares. Their CPE share price targets range from $40.00 to $63.00. On average, they expect the company's stock price to reach $47.00 in the next twelve months. This suggests a possible upside of 56.8% from the stock's current price.
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Callon Petroleum's stock was trading at $37.09 at the beginning of 2023. Since then, CPE stock has decreased by 19.2% and is now trading at $29.98.
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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 presently 8.0 days. Currently, 25.6% of the company's stock are short sold.
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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 quarterly earnings data on Wednesday, November, 1st. The oil and natural gas company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.03. The oil and natural gas company earned $619.30 million during the quarter, compared to analysts' expectations of $599.76 million. Callon Petroleum had a trailing twelve-month return on equity of 16.26% and a net margin of 20.63%. The company's quarterly revenue was down 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.04 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's stock is owned by many different retail and institutional investors. Top institutional investors 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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