Callon Petroleum - CPE Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued twelve-month price targets for Callon Petroleum's shares. Their CPE share price forecasts range from $45.00 to $94.00. On average, they anticipate the company's stock price to reach $66.63 in the next year. This suggests a possible upside of 60.0% from the stock's current price.
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Callon Petroleum's stock was trading at $37.09 at the start of the year. Since then, CPE shares have increased by 12.3% and is now trading at $41.64.
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Callon Petroleum saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 5,500,000 shares, a drop of 6.5% from the December 31st total of 5,880,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 4.5 days. Approximately 10.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
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Callon Petroleum (NYSE:CPE) posted its quarterly earnings data on Wednesday, November, 3rd. The oil and natural gas company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.49 by $0.44. The oil and natural gas company earned $552.56 million during the quarter, compared to analysts' expectations of $418.44 million. Callon Petroleum had a trailing twelve-month return on equity of 38.40% and a net margin of 37.99%. During the same quarter in the prior year, the business earned $0.64 earnings per share.

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 retail and institutional investors. Top institutional shareholders include Post Oak Energy Holdings LLC (1.50%), Allspring Global Investments Holdings LLC (1.00%), Peregrine Capital Management LLC (0.62%), Ellis Investment Partners LLC (0.08%), New York State Teachers Retirement System (0.08%) and Oak Ridge Investments LLC (0.08%). Insiders that own company stock include 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 $41.64.

Callon Petroleum (NYSE:CPE) has a market capitalization of $2.57 billion and generates $2.05 billion in revenue each year. The oil and natural gas company earns $365.15 million in net income (profit) each year or $19.92 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.