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 Wall Street analysts have issued 1 year price targets for Callon Petroleum's stock. Their CPE share price forecasts range from $45.00 to $94.00. On average, they expect the company's stock price to reach $66.63 in the next twelve months. This suggests a possible upside of 60.7% 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 shares have increased by 11.8% and is now trading at $41.45.
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Callon Petroleum saw a drop in short interest during 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 daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 10.5% 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 22nd 2023.
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Callon Petroleum (NYSE:CPE) released its quarterly earnings results on Wednesday, November, 2nd. The oil and natural gas company reported $4.04 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.04. The oil and natural gas company earned $835.88 million during the quarter, compared to analyst estimates of $699.68 million. Callon Petroleum had a trailing twelve-month return on equity of 38.40% and a net margin of 37.99%.

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 many different institutional and retail 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%), New York State Teachers Retirement System (0.08%), Oak Ridge Investments LLC (0.08%) and Yousif Capital Management LLC (0.05%). 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 $41.45.

Callon Petroleum (NYSE:CPE) has a market capitalization of $2.55 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.