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NYSE:CPE

Callon Petroleum - CPE Stock Forecast, Price & News

$39.05
-0.66 (-1.66%)
(As of 08/16/2022 12:10 PM ET)
Add
Compare
Today's Range
$38.31
$40.67
50-Day Range
$35.83
$62.50
52-Week Range
$25.32
$66.48
Volume
26,740 shs
Average Volume
1.54 million shs
Market Capitalization
$2.41 billion
P/E Ratio
2.66
Dividend Yield
N/A
Price Target
$76.29

Callon Petroleum MarketRank™ Forecast

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
97.2% Upside
$76.29 Price Target
Short Interest
Bearish
10.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.02mentions of Callon Petroleum in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.50%
From $15.10 to $17.29 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Oils/Energy Sector

63rd out of 257 stocks

Crude Petroleum & Natural Gas Industry

30th out of 81 stocks

CPE stock logo

About Callon Petroleum (NYSE:CPE) Stock

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2021, its estimated net proved reserves totaled approximately 484.6 million barrel of oil equivalent, including 290.3 MMBbls oil, 577.3 Bcf of natural gas, and 98.1 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.

Callon Petroleum Stock Down 3.7 %

CPE opened at $39.71 on Tuesday. The firm's 50-day simple moving average is $43.59 and its 200-day simple moving average is $51.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.39 and a current ratio of 0.39. Callon Petroleum has a twelve month low of $25.32 and a twelve month high of $66.48. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of 2.70 and a beta of 2.74.

Analysts Set New Price Targets

CPE has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Callon Petroleum from $78.00 to $70.00 and set an "equal weight" rating on the stock in a report on Monday, July 11th. JPMorgan Chase & Co. lowered their price target on shares of Callon Petroleum from $75.00 to $68.00 and set an "underweight" rating on the stock in a report on Wednesday, July 6th. Truist Financial lowered their price target on shares of Callon Petroleum from $101.00 to $94.00 and set a "buy" rating on the stock in a report on Wednesday, July 13th. Morgan Stanley lowered their price target on shares of Callon Petroleum from $79.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 19th. Finally, Roth Capital raised shares of Callon Petroleum from a "neutral" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Monday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Callon Petroleum has a consensus rating of "Hold" and an average price target of $76.29.

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CPE Stock News Headlines

7 Analysts Have This to Say About Callon Petroleum
Callon Petroleum (NYSE:CPE) Shares Gap Down to $42.66
Callon Petroleum Whale Trades For June 16
2 Risky Energy Picks That Could Pay Off
See More Headlines
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CPE Company Calendar

Last Earnings
11/03/2021
Today
8/16/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
13123X10
Employees
322
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$76.29
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+95.4%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
7 Analysts

Profitability

Net Income
$365.15 million
Pretax Margin
28.96%

Debt

Sales & Book Value

Annual Sales
$2.05 billion
Cash Flow
$13.65 per share
Book Value
$33.41 per share

Miscellaneous

Free Float
60,580,000
Market Cap
$2.41 billion
Optionable
Optionable
Beta
2.74

Key Executives

  • Mr. Joseph C. Gatto Jr. (Age 51)
    Pres, CEO & Director
    Comp: $3.62M
  • Mr. Kevin E. Haggard (Age 51)
    Sr. VP & CFO
    Comp: $1.17M
  • Dr. Jeffrey S. Balmer Ph.D. (Age 57)
    Sr. VP & COO
    Comp: $2.04M
  • Mr. Gregory F. Conaway (Age 47)
    VP & Chief Accounting Officer
    Comp: $950.37k
  • Ms. Michol L. Ecklund (Age 47)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.52M
  • Mr. James P. Ulm II (Age 58)
    Consultant
    Comp: $1.28M
  • Mr. Kevin C. Smith
    Director of Investor Relations
  • Mr. Liam Kelly
    VP of Corp. Devel.
  • Mr. J. Michael Hastings
    VP of Marketing
  • Clay V. Bland
    Assistant Corp. Sec. & Risk Mang.













CPE Stock - Frequently Asked Questions

Should I buy or sell Callon Petroleum stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
View CPE analyst ratings
or view top-rated stocks.

What is Callon Petroleum's stock price forecast for 2022?

7 analysts have issued 1 year target prices for Callon Petroleum's shares. Their CPE share price forecasts range from $68.00 to $94.00. On average, they predict the company's stock price to reach $76.29 in the next twelve months. This suggests a possible upside of 92.1% from the stock's current price.
View analysts price targets for CPE
or view top-rated stocks among Wall Street analysts.

How have CPE shares performed in 2022?

Callon Petroleum's stock was trading at $47.25 on January 1st, 2022. Since then, CPE shares have decreased by 16.0% and is now trading at $39.71.
View the best growth stocks for 2022 here
.

When is Callon Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our CPE earnings forecast
.

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) announced its quarterly earnings results on Wednesday, November, 3rd. The oil and natural gas company reported $2.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.49 by $0.44. The oil and natural gas company had revenue of $552.56 million for the quarter, compared to the consensus estimate of $418.44 million. Callon Petroleum had a trailing twelve-month return on equity of 42.31% and a net margin of 28.78%. During the same quarter in the previous year, the company earned $0.64 earnings per share.

What is Fred L. Callon's approval rating as Callon Petroleum's CEO?

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.

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 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).

What is Callon Petroleum's stock symbol?

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

Who are Callon Petroleum's major shareholders?

Callon Petroleum's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (5.45%), FMR LLC (2.44%), Allspring Global Investments Holdings LLC (1.03%), Group One Trading L.P. (0.00%), Millennium Management LLC (0.88%) and Parallax Volatility Advisers L.P. (0.00%). 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.
View institutional ownership trends
.

How do I buy shares of Callon Petroleum?

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.
Compare Top Brokerages Here.

What is Callon Petroleum's stock price today?

One share of CPE stock can currently be purchased for approximately $39.71.

How much money does Callon Petroleum make?

Callon Petroleum (NYSE:CPE) has a market capitalization of $2.45 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 $14.69 on an earnings per share basis.

How many employees does Callon Petroleum have?

The company employs 322 workers across the globe.

How can I contact Callon Petroleum?

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.

This page (NYSE:CPE) was last updated on 8/16/2022 by MarketBeat.com Staff

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