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

$3.68
-0.26 (-6.60 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$3.67
Now: $3.68
$3.91
50-Day Range
$3.74
MA: $4.11
$4.68
52-Week Range
$3.67
Now: $3.68
$9.53
Volume18.09 million shs
Average Volume11.64 million shs
Market Capitalization$840.46 million
P/E Ratio4.49
Dividend YieldN/A
Beta1.46
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

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP13123X10
Phone281-589-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$587.62 million
Cash Flow$1.38 per share
Book Value$10.74 per share

Profitability

Net Income$300.36 million

Miscellaneous

Employees218
Market Cap$840.46 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) posted its quarterly earnings data on Monday, November, 4th. The oil and natural gas company reported $0.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.18 by $0.01. The oil and natural gas company earned $155.38 million during the quarter, compared to analyst estimates of $152.61 million. Callon Petroleum had a return on equity of 7.48% and a net margin of 38.86%. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $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?

17 Wall Street analysts have issued 12 month target prices for Callon Petroleum's shares. Their forecasts range from $4.75 to $13.00. On average, they expect Callon Petroleum's stock price to reach $9.63 in the next year. This suggests a possible upside of 161.8% from the stock's current price. View Analyst Price Targets for Callon Petroleum.

What is the consensus analysts' recommendation for Callon Petroleum?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 6 hold ratings and 11 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?

Press coverage about CPE stock has trended very negative this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Callon Petroleum earned a news impact score of -3.4 on InfoTrie's scale. They also gave news stories about the oil and natural gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for Callon Petroleum.

Are investors shorting Callon Petroleum?

Callon Petroleum saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 103,170,000 shares, an increase of 18.7% from the September 30th total of 86,930,000 shares. Based on an average daily trading volume, of 18,190,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 45.5% of the shares of the company are sold short. 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), Oasis Petroleum (OAS), Advanced Micro Devices (AMD), Chesapeake Energy (CHK), Halcon Resources (HK), Ford Motor (F), OFG Bancorp (OFG) and Bank of America (BAC).

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 number of of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (2.63%), Vaughan Nelson Investment Management L.P. (1.63%), Tributary Capital Management LLC (0.94%), Peregrine Capital Management LLC (0.45%), Rhumbline Advisers (0.36%) and Nikko Asset Management Americas Inc. (0.30%). 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 Russell Investments Group Ltd., Envestnet Asset Management Inc., Teton Advisors Inc., Gabelli Funds LLC, Miller Howard Investments Inc. NY, Hancock Whitney Corp, Texas Permanent School Fund and Tributary Capital Management LLC. 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 Vaughan Nelson Investment Management L.P., State of New Jersey Common Pension Fund D, State of Alaska Department of Revenue, Virginia Retirement Systems ET AL, Tower Research Capital LLC TRC, Sumitomo Mitsui Trust Holdings Inc., Nikko Asset Management Americas Inc. and BBVA USA Bancshares 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 $3.68.

How big of a company is Callon Petroleum?

Callon Petroleum has a market capitalization of $840.46 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:  823 (Vote Outperform)
Underperform Votes:  428 (Vote Underperform)
Total Votes:  1,251
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 11/19/2019 by MarketBeat.com Staff

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