Callon Petroleum - CPE Stock Forecast, Price & News

9 Wall Street 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 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 brokerages have issued 1 year price objectives for Callon Petroleum's shares. Their CPE share price forecasts range from $45.00 to $80.00. On average, they expect the company's share price to reach $58.88 in the next twelve months. This suggests a possible upside of 92.5% 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 decreased by 17.6% and is now trading at $30.58.
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Callon Petroleum saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 6,870,000 shares, an increase of 18.4% from the February 13th total of 5,800,000 shares. Based on an average daily volume of 1,230,000 shares, the days-to-cover ratio is presently 5.6 days. Currently, 13.1% of the shares of the company are sold short.
View Callon Petroleum's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Callon Petroleum (NYSE:CPE) released its quarterly earnings data on Thursday, February, 23rd. The oil and natural gas company reported $3.36 EPS for the quarter, missing the consensus estimate of $3.44 by $0.08. The oil and natural gas company had revenue of $704.25 million for the quarter, compared to analyst estimates of $617.42 million. Callon Petroleum had a trailing twelve-month return on equity of 35.68% and a net margin of 37.44%. During the same quarter last year, the company earned $2.66 EPS.

ETFs with the largest weight of Callon Petroleum (NYSE:CPE) stock in their portfolio include Invesco S&P SmallCap Energy ETF (PSCE), Invesco Dynamic Energy Exploration & Production ETF (PXE), First Trust Natural Gas ETF (FCG), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Pacer US Small Cap Cash Cows 100 ETF (CALF), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Invesco S&P SmallCap Quality ETF (XSHQ).

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 retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (2.89%), Marshall Wace LLP (1.56%), Post Oak Energy Holdings LLC (1.50%), Geode Capital Management LLC (1.46%), Allspring Global Investments Holdings LLC (1.00%) and American Century Companies Inc. (0.98%). 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 and S P Iv Johnson.
View institutional ownership trends.

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 $30.58.

Callon Petroleum (NYSE:CPE) has a market capitalization of $1.88 billion and generates $3.23 billion in revenue each year. The oil and natural gas company earns $1.21 billion in net income (profit) each year or $19.55 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.