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NYSE:CPE - Callon Petroleum Stock Price, Forecast & News

$3.86
-0.24 (-5.85 %)
(As of 01/21/2020 08:35 AM ET)
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Today's Range
$3.85
Now: $3.86▼
$4.16
50-Day Range
$3.58
MA: $4.38▼
$4.88
52-Week Range
$3.51
Now: $3.86▼
$8.55
Volume30.09 million shs
Average Volume14.86 million shs
Market Capitalization$881.59 million
P/E Ratio3.75
Dividend YieldN/A
Beta1.6
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas. Read More…

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Current SymbolNYSE:CPE
Previous Symbol
CUSIP13123X10
CIK928022
Webhttp://www.callon.com/
Phone281-589-5200

Debt

Debt-to-Equity Ratio0.48
Current Ratio0.55
Quick Ratio0.55

Price-To-Earnings

Trailing P/E Ratio3.75
Forward P/E Ratio5.22
P/E Growth0.17

Sales & Book Value

Annual Sales$587.62 million
Price / Sales1.50
Cash Flow$1.64 per share
Price / Cash Flow2.35
Book Value$10.74 per share
Price / Book0.36

Profitability

EPS (Most Recent Fiscal Year)$0.82
Net Income$300.36 million
Net Margins38.86%
Return on Equity7.48%
Return on Assets4.59%

Miscellaneous

Employees218
Outstanding Shares228,390,000
Market Cap$881.59 million
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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Callon Petroleum (NYSE:CPE) Frequently Asked Questions

What is Callon Petroleum's stock symbol?

Callon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPE."

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) announced its earnings results on Monday, November, 4th. The oil and natural gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. The oil and natural gas company had revenue of $155.38 million for the quarter, compared to the consensus estimate of $152.61 million. Callon Petroleum had a return on equity of 7.48% and a net margin of 38.86%. The company's revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. View Callon Petroleum's Earnings History.

When is Callon Petroleum's next earnings date?

Callon Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Callon Petroleum.

What price target have analysts set for CPE?

13 brokerages have issued 1-year price objectives for Callon Petroleum's shares. Their forecasts range from $4.75 to $13.00. On average, they anticipate Callon Petroleum's stock price to reach $9.57 in the next twelve months. This suggests a possible upside of 147.9% from the stock's current price. View Analyst Price Targets for Callon Petroleum.

What is the consensus analysts' recommendation for Callon Petroleum?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Callon Petroleum.

What are Wall Street analysts saying about Callon Petroleum stock?

Here are some recent quotes from research analysts about Callon Petroleum stock:
  • 1. Evercore ISI analysts commented, "We see further improvement in LOE in 3Q before blending in higher CRZO LOE in 4Q (reported ~$7.50/boe in 1Q) which we expect the combined co to actively work down during 2020." (8/8/2019)
  • 2. Northland Securities analysts commented, "We think this is an endorsement of its capabilities with a larger asset base expected to be coming through its CRZO transaction. We reiterate our Outperform rating and $10 PT." (8/7/2019)
  • 3. Williams Capital analysts commented, "We are not surprised by the Ranger sale as chaer about the assets being marketed started back in early February. We view the transacon as posive as it improves the company’s bal ance sheet and liquidity, as well as high-grades its porolio. With the a nnounced transacons, we model a ~0.4x and ~0.3x improvement to its 2019 and 2020 net-debt/EBITDA metrics, respecvely, as well as to its EV/EBIT DA valuaon. We expect CPE shares to outperform on the announced transacons . We reaffirm our Buy rang and CPE remains our top pick small-cap on our high convicon in management’s ability to execute on its plans and c ross over to a sustainable free cash flow model." (4/9/2019)
  • 4. According to Zacks Investment Research, "Callon Petroleum’s operation is solely focused on the Permian Basin, which is the highest-producing shale play in the United States. The company boasts an impressive footprint (86,000 net acres) throughout the basin. Moreover, unlike most of the explorers in the region, the company is not significantly exposed to Permian bottlenecks as it has reserved pipeline networks to transport roughly 90% of its produced liquid volumes to the local refineries. Also, due to the Ward County acquisition and a strong performance from its Spur area assets, the company’s output is expected to surge in the near future. However, the company’s increasing operating expenses is a concern. In fact, for 2019 LOE is expected to significantly increase. Moreover, in the past few years, the company’s free cash flow remained negative, even though oil price recovered significantly from the 2016 lows. Therefore, the stock warrants a cautious stance." (3/18/2019)

Has Callon Petroleum been receiving favorable news coverage?

Media coverage about CPE stock has trended extremely negative this week, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Callon Petroleum earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave headlines about the oil and natural gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Callon Petroleum.

Are investors shorting Callon Petroleum?

Callon Petroleum saw a drop in short interest during the month of December. As of December 13th, there was short interest totalling 84,760,000 shares, a drop of 5.5% from the November 28th total of 89,740,000 shares. Based on an average trading volume of 18,270,000 shares, the days-to-cover ratio is currently 4.6 days. Approximately 37.4% of the shares of the company are short sold. View Callon Petroleum's Current Options Chain.

Who are some of Callon Petroleum's key competitors?

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 Range Resources (RRC), Coeur Mining (CDE), Alerian MLP ETF (AMLP), Chesapeake Energy (CHK), Oasis Petroleum (OAS), Advanced Micro Devices (AMD), Ford Motor (F), Halcon Resources (HK), Encana (ECA) and Energy Transfer LP Unit (ET).

Who are Callon Petroleum's key executives?

Callon Petroleum's management team includes the folowing people:
  • Mr. Joseph C. Gatto Jr., Pres, CEO & Director (Age 48)
  • Mr. James P. Ulm II, Sr. VP & CFO (Age 55)
  • Ms. Mitzi P. Conn, VP, Chief Accounting Officer & Corp. Controller (Age 50)
  • Ms. Correne S. Loeffler, VP of Fin. & Treasurer (Age 42)
  • Mr. Jeffrey S. Balmer, Sr. VP & COO (Age 54)

Who are Callon Petroleum's major shareholders?

Callon Petroleum's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Tributary Capital Management LLC (1.60%), Caymus Capital Partners L.P. (1.59%), Peregrine Capital Management LLC (0.51%), First National Bank of Omaha (0.15%), State of Alaska Department of Revenue (0.13%) and Ellis Investment Partners LLC (0.09%). Company insiders that own Callon Petroleum stock include Barbara J Faulkenberry and Mitzi P Conn. View Institutional Ownership Trends for Callon Petroleum.

Which major investors are selling Callon Petroleum stock?

CPE stock was sold by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC and E&G Advisors LP. View Insider Buying and Selling for Callon Petroleum.

Which major investors are buying Callon Petroleum stock?

CPE stock was acquired by a variety of institutional investors in the last quarter, including Caymus Capital Partners L.P., Tributary Capital Management LLC, Ellis Investment Partners LLC, First National Bank of Omaha, Peregrine Capital Management LLC, State of Alaska Department of Revenue, Louisiana State Employees Retirement System and Wedbush Securities Inc.. View Insider Buying and Selling for Callon Petroleum.

How do I buy shares of Callon Petroleum?

Shares of CPE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Callon Petroleum's stock price today?

One share of CPE stock can currently be purchased for approximately $3.86.

How big of a company is Callon Petroleum?

Callon Petroleum has a market capitalization of $881.59 million and generates $587.62 million in revenue each year. The oil and natural gas company earns $300.36 million in net income (profit) each year or $0.82 on an earnings per share basis. Callon Petroleum employs 218 workers across the globe.View Additional Information About Callon Petroleum.

What is Callon Petroleum's official website?

The official website for Callon Petroleum is http://www.callon.com/.

How can I contact Callon Petroleum?

Callon Petroleum's mailing address is 2000 W. Sam Houston Parkway S. Suite 2000, HOUSTON TX, 77042. The oil and natural gas company can be reached via phone at 281-589-5200 or via email at [email protected]


MarketBeat Community Rating for Callon Petroleum (NYSE CPE)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  843 (Vote Outperform)
Underperform Votes:  441 (Vote Underperform)
Total Votes:  1,284
MarketBeat's community ratings are surveys of what our community members think about Callon Petroleum and other stocks. Vote "Outperform" if you believe CPE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CPE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 1/21/2020 by MarketBeat.com Staff

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