Callon Petroleum (CPE) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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 brokers have issued 1 year price targets for Callon Petroleum's shares. Their CPE share price forecasts range from $36.00 to $71.00. On average, they expect the company's stock price to reach $55.50 in the next twelve months. This suggests a possible upside of 81.3% 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 decreased by 17.4% and is now trading at $30.62.
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Callon Petroleum saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,450,000 shares, an increase of 17.8% from the April 30th total of 8,870,000 shares. Based on an average daily volume of 1,680,000 shares, the short-interest ratio is currently 6.2 days. Currently, 20.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
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Callon Petroleum (NYSE:CPE) announced its earnings results on Wednesday, May, 3rd. The oil and natural gas company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by $0.02. The oil and natural gas company had revenue of $560 million for the quarter, compared to analysts' expectations of $535.29 million. Callon Petroleum had a trailing twelve-month return on equity of 27.29% and a net margin of 46.15%. The firm's revenue was down 27.9% compared to the same quarter last year. During the same period last year, the firm posted $3.43 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), Pacer US Small Cap Cash Cows 100 ETF (CALF), AI Powered Equity ETF (AIEQ), First Trust Natural Gas ETF (FCG), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH).

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 investors include BlackRock Inc. (13.09%), State Street Corp (6.05%), Dimensional Fund Advisors LP (4.45%), FMR LLC (3.10%), Geode Capital Management LLC (1.51%) and Condire Management LP (1.37%). 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 $30.62.

Callon Petroleum (NYSE:CPE) has a market capitalization of $1.89 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 $22.48 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.