Callon Petroleum Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 4 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Callon Petroleum stock. 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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Wall Street analysts have given Callon Petroleum a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Callon Petroleum wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Callon Petroleum saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 7,810,000 shares, an increase of 32.4% from the March 15th total of 5,900,000 shares. Based on an average trading volume of 3,100,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 19.8% of the shares of the company are short sold.
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Callon Petroleum is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Callon Petroleum.

Callon Petroleum (NYSE:CPE) announced its earnings results on Tuesday, February, 23rd. The oil and natural gas company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.50. The oil and natural gas company had revenue of $295.97 million for the quarter, compared to the consensus estimate of $261.57 million. Callon Petroleum had a positive trailing twelve-month return on equity of 5.38% and a negative net margin of 219.88%.
View Callon Petroleum's earnings history.

Callon Petroleum's stock was trading at $0.6042 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CPE shares have increased by 5,884.8% and is now trading at $36.16.
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14 brokerages have issued 1 year target prices for Callon Petroleum's shares. Their forecasts range from $1.00 to $40.00. On average, they anticipate Callon Petroleum's stock price to reach $18.16 in the next twelve months. This suggests that the stock has a possible downside of 49.8%.
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2 employees have rated Callon Petroleum CEO Fred L. Callon on Glassdoor.com. Fred L. Callon has an approval rating of 73% among Callon Petroleum's employees.

Some companies that are related to Callon Petroleum include EOG Resources (EOG), Pioneer Natural Resources (PXD), Devon Energy (DVN), Diamondback Energy (FANG), Continental Resources (CLR), Marathon Oil (MRO), Cabot Oil & Gas (COG), Cimarex Energy (XEC), EQT (EQT), PDC Energy (PDCE), Matador Resources (MTDR), Southwestern Energy (SWN), Range Resources (RRC), SM Energy (SM) and Whiting Petroleum (WLL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Callon Petroleum investors own include (OAS), Bank of America (BAC), Range Resources (RRC), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE), The 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 Louisiana State Employees Retirement System (0.05%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own Callon Petroleum stock include Barbara J Faulkenberry, Gregory F Conaway, S P Iv Johnson and Steven A Webster.
View institutional ownership trends for Callon Petroleum.

CPE stock was purchased by a variety of institutional investors in the last quarter, including Crossmark Global Holdings Inc., and Louisiana State Employees Retirement System. Company insiders that have bought Callon Petroleum stock in the last two years include Barbara J Faulkenberry, Gregory F Conaway, and Steven A Webster.
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Shares of CPE 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 $36.16.

Callon Petroleum has a market capitalization of $1.67 billion and generates $671.57 million in revenue each year. The oil and natural gas company earns $67.93 million in net income (profit) each year or $7.60 on an earnings per share basis.

Callon Petroleum employs 303 workers across the globe.

The official website for Callon Petroleum is www.callon.com.

Callon Petroleum is headquartered at 2000 W. Sam Houston Parkway S. Suite 2000, HOUSTON TX, 77042.

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]