NYSE:CPE Callon Petroleum (CPE) Stock Forecast, Price & News $32.01 +0.28 (+0.88%) (As of 05/26/2023 ET) Add Compare Share Share Today's Range$31.41▼$32.0650-Day Range$30.01▼$38.0652-Week Range$28.91▼$64.08Volume925,675 shsAverage Volume1.53 million shsMarket Capitalization$1.98 billionP/E Ratio1.42Dividend YieldN/APrice Target$55.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Callon Petroleum MarketRank™ ForecastAnalyst RatingHold2.44 Rating ScoreUpside/Downside73.4% Upside$55.50 Price TargetShort InterestBearish19.97% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.08Based on 14 Articles This WeekInsider TradingAcquiring Shares$935,000 Bought Last QuarterProj. Earnings Growth-1.36%From $8.85 to $8.73 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.42 out of 5 starsOils/Energy Sector103rd out of 249 stocksCrude Petroleum & Natural Gas Industry47th out of 79 stocks 4.2 Analyst's Opinion Consensus RatingCallon Petroleum has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 4 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $55.50, Callon Petroleum has a forecasted upside of 73.4% from its current price of $32.01.Amount of Analyst CoverageCallon Petroleum has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted19.97% of the float of Callon Petroleum has been sold short.Short Interest Ratio / Days to CoverCallon Petroleum has a short interest ratio ("days to cover") of 6.2.Change versus previous monthShort interest in Callon Petroleum has recently increased by 17.81%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldCallon Petroleum does not currently pay a dividend.Dividend GrowthCallon Petroleum does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CPE. Previous Next 1.1 News and Social Media Coverage News SentimentCallon Petroleum has a news sentiment score of -0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Callon Petroleum this week, compared to 5 articles on an average week.Search InterestOnly 16 people have searched for CPE on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Callon Petroleum to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Callon Petroleum insiders have bought more of their company's stock than they have sold. Specifically, they have bought $935,000.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.80% of the stock of Callon Petroleum is held by insiders.Percentage Held by Institutions83.60% of the stock of Callon Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Callon Petroleum are expected to decrease by -1.36% in the coming year, from $8.85 to $8.73 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Callon Petroleum is 1.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.20.Price to Earnings Ratio vs. SectorThe P/E ratio of Callon Petroleum is 1.42, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 47.18.Price to Book Value per Share RatioCallon Petroleum has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Callon Petroleum (NYSE:CPE) StockCallon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.Read More Receive CPE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Callon Petroleum and its competitors with MarketBeat's FREE daily newsletter. Email Address CPE Stock News HeadlinesMay 18, 2023 | marketbeat.comOil & Gas Producer Denbury Etching Cup-With-Handle Base (CPE)Denbury (NYSE: DEN), which went public for the second time a year ago, following a restructuring, has been etching a base since late June. It's now forming a handle below a potential buy point of $75.20.May 25, 2023 | fool.comCallon Petroleum (NYSE: CPE)May 28, 2023 | Behind the Markets (Ad)66,000% upside on tiny biotech?The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.May 25, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) Price Target Lowered to $36.00 at CitigroupMay 24, 2023 | americanbankingnews.comEquities Analysts Offer Predictions for Callon Petroleum's Q4 2023 Earnings (NYSE:CPE)May 23, 2023 | americanbankingnews.comStifel Nicolaus Trims Callon Petroleum (NYSE:CPE) Target Price to $53.00May 21, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) Earns Hold Rating from Analysts at StockNews.comMay 21, 2023 | americanbankingnews.comCapital One Financial Weighs in on Callon Petroleum's Q2 2023 Earnings (NYSE:CPE)May 28, 2023 | Behind the Markets (Ad)The 4th Military Revolution is Happening. There have been 3 military revolutions in the past 100 years. The first was when the tank was invented in 1915. The second was the nuclear bomb in 1945. The third was the "smart bomb" in 1991. Amid the turmoil, there will be many losers. Click here to see how to win instead >>>May 19, 2023 | bizjournals.comCallon Petroleum hires former EP Energy CEO as new COOMay 19, 2023 | uk.finance.yahoo.comInsider Spends US$1.5m Buying More Shares In Callon PetroleumMay 19, 2023 | finance.yahoo.comInsider Spends US$1.5m Buying More Shares In Callon Petroleum \May 18, 2023 | finance.yahoo.comCALLON PETROLEUM COMPANY ANNOUNCES CHIEF OPERATING OFFICER TRANSITIONMay 15, 2023 | americanbankingnews.comAnalysts Set Callon Petroleum (NYSE:CPE) PT at $56.63May 13, 2023 | americanbankingnews.comSteven A. Webster Buys 10,000 Shares of Callon Petroleum (NYSE:CPE) StockMay 11, 2023 | americanbankingnews.comKeyCorp Weighs in on Callon Petroleum's Q3 2023 Earnings (NYSE:CPE)May 10, 2023 | markets.businessinsider.comJ.P. Morgan Keeps Their Hold Rating on Callon (CPE)May 10, 2023 | finance.yahoo.comCallon Petroleum Company Announces Participation in Upcoming Investor EventsMay 10, 2023 | americanbankingnews.comKeyCorp Weighs in on Callon Petroleum's Q2 2023 Earnings (NYSE:CPE)May 9, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) PT Raised to $71.00 at Truist FinancialMay 6, 2023 | americanbankingnews.comCallon Petroleum (NYSE:CPE) Shares Gap Up to $30.68May 5, 2023 | finance.yahoo.comCallon (CPE) Q1 Earnings Miss Estimates, Revenues Declines Y/YMay 4, 2023 | bizjournals.comCallon Petroleum to acquire Permian Basin assets, exit Eagle Ford ShaleMay 4, 2023 | finance.yahoo.comA Callon Petroleum Company (NYSE:CPE) insider increased their holdings by 2.1% last yearMay 4, 2023 | seekingalpha.comCallon Petroleum Company 2023 Q1 - Results - Earnings Call PresentationMay 4, 2023 | msn.comCallon Petroleum (CPE) Lags Q1 Earnings EstimatesMay 3, 2023 | reuters.comCallon Petroleum buys Permian asset for $475 mln, exits Eagle FordSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CPE Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Callon Petroleum and its competitors with MarketBeat's FREE daily newsletter. Email Address CPE Company Calendar Last Earnings5/03/2023Today5/28/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryOil & Gas Exploration & Production SectorOils/Energy Current SymbolNYSE:CPE CUSIP13123X10 CIK928022 Webwww.callon.com Phone(281) 589-5200Fax601-446-1410Employees322Year FoundedN/APrice Target and Rating Average Stock Price Forecast$55.50 High Stock Price Forecast$71.00 Low Stock Price Forecast$36.00 Forecasted Upside/Downside+73.4%Consensus RatingHold Rating Score (0-4)2.44 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$22.48 Trailing P/E Ratio1.42 Forward P/E Ratio3.62 P/E GrowthN/ANet Income$1.21 billion Net Margins46.15% Pretax Margin46.43% Return on Equity27.29% Return on Assets12.96% Debt Debt-to-Equity Ratio0.60 Current Ratio0.39 Quick Ratio0.39 Sales & Book Value Annual Sales$3.23 billion Price / Sales0.61 Cash Flow$22.23 per share Price / Cash Flow1.44 Book Value$58.99 per share Price / Book0.54Miscellaneous Outstanding Shares61,870,000Free Float60,756,000Market Cap$1.98 billion OptionableOptionable Beta2.73 Key ExecutivesJoseph C. GattoPresident, Chief Executive Officer & DirectorJeffrey Scott BalmerChief Operating Officer & Senior Vice PresidentKevin E. HaggardChief Financial Officer & Senior Vice PresidentAngie DayChief Information Officer & Vice PresidentCarrie EndorfVice President-Asset Development & TechnologyKey CompetitorsComstock ResourcesNYSE:CRKKosmos EnergyNYSE:KOSSM EnergyNYSE:SMW&T OffshoreNYSE:WTISandRidge EnergyNYSE:SDView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 637 shares on 5/26/2023Ownership: 0.012%Brandywine Global Investment Management LLCSold 159,520 shares on 5/25/2023Ownership: 0.122%Ameriprise Financial Inc.Sold 6,523 shares on 5/22/2023Ownership: 0.320%Thrivent Financial for LutheransSold 1,776 shares on 5/17/2023Ownership: 0.159%Alberta Investment Management CorpBought 7,014 shares on 5/16/2023Ownership: 0.011%View All Insider TransactionsView All Institutional Transactions CPE Stock - Frequently Asked Questions Should I buy or sell Callon Petroleum stock right now? 9 Wall Street 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 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 2023? 9 brokers have issued 12-month price objectives for Callon Petroleum's stock. Their CPE share price forecasts range from $36.00 to $71.00. On average, they expect the company's share price to reach $55.50 in the next year. This suggests a possible upside of 73.4% 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 2023? Callon Petroleum's stock was trading at $37.09 at the start of the year. Since then, CPE shares have decreased by 13.7% and is now trading at $32.01. View the best growth stocks for 2023 here. Are investors shorting Callon Petroleum? Callon Petroleum saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 10,450,000 shares, an increase of 17.8% from the April 30th total of 8,870,000 shares. Based on an average daily trading volume, of 1,680,000 shares, the days-to-cover ratio is currently 6.2 days. Approximately 20.0% of the shares of the stock are sold short. View Callon Petroleum's Short Interest. When is Callon Petroleum's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our CPE earnings forecast. How were Callon Petroleum's earnings last quarter? Callon Petroleum (NYSE:CPE) released its quarterly earnings results on Wednesday, May, 3rd. The oil and natural gas company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.96 by $0.02. The oil and natural gas company had revenue of $560 million for the quarter, compared to analyst estimates of $535.29 million. Callon Petroleum had a trailing twelve-month return on equity of 27.29% and a net margin of 46.15%. The firm's revenue for the quarter was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 earnings per share. What ETFs hold Callon Petroleum's stock? 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), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Pacer US Small Cap Cash Cows 100 ETF (CALF), AI Powered Equity ETF (AIEQ), First Trust Natural Gas ETF (FCG), Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH). 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 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). 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.09%), State Street Corp (6.05%), Dimensional Fund Advisors LP (4.45%), FMR LLC (3.10%), Geode Capital Management LLC (1.51%) and Condire Management LP (1.37%). 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 $32.01. How much money does Callon Petroleum make? Callon Petroleum (NYSE:CPE) has a market capitalization of $1.98 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 $22.48 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 5/28/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Callon Petroleum Please log in to your account or sign up in order to add this asset to your watchlist. 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