NYSE:CPECallon Petroleum Stock Price, Forecast & News

$1.37

+0.55 (+67.07 %)

(As of 06/5/2020 11:59 AM ET)

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Today's Range

$1.05

Now: $1.37▼

$1.40

50-Day Range

$0.41

MA: $0.68▼

$0.94

52-Week Range

$0.38

Now: $1.37▼

$7.01

Volume52.58 million shs

Average Volume32.15 million shs

Market Capitalization$543.89 million

P/E Ratio1.52

Dividend YieldN/A

Beta2.76

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas. The company was founded in 1950 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

4.0 Analyst's Opinion

Consensus Rating
Callon Petroleum has received a consensus rating of Hold. The company's average rating score is 1.96, and is based on 4 buy ratings, 14 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.62, Callon Petroleum has a potential upside of 380.1% from its current price of $1.17.
Amount of Analyst Coverage
Callon Petroleum has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.2 Community Rank

Outperform Votes
Callon Petroleum has received 882 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Callon Petroleum has received 484 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Callon Petroleum has received 64.57% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Callon Petroleum and other stocks. Vote “Outperform” if you believe CPE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CPE will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Callon Petroleum does not currently pay a dividend.
Dividend Growth
Callon Petroleum does not have a long track record of dividend growth.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Callon Petroleum insiders have bought more of their company's stock than they have sold. Specifically, they have bought $933,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 2.80% of the stock of Callon Petroleum is held by insiders.
Percentage Held by Institutions
84.73% of the stock of Callon Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Callon Petroleum are expected to decrease by -46.34% in the coming year, from $0.41 to $0.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Callon Petroleum is 1.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.22.
Price to Earnings Ratio vs. Sector
The P/E ratio of Callon Petroleum is 1.30, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.37.
Price to Book Value per Share Ratio
Callon Petroleum has a P/B Ratio of 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.61 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryOil & Gas Exploration & Production

SectorOils/Energy

Current SymbolNYSE:CPE

Previous Symbol

CUSIP13123X10

CIK928022

Webwww.callon.com

Phone281-589-5200

Debt

Debt-to-Equity Ratio0.95

Current Ratio0.61

Quick Ratio0.61

Price-To-Earnings

Trailing P/E Ratio1.52

Forward P/E Ratio3.34

P/E GrowthN/A

Sales & Book Value

Annual Sales$671.57 million

Price / Sales0.81

Cash Flow$1.85 per share

Price / Cash Flow0.74

Book Value$8.13 per share

Price / Book0.17

Profitability

EPS (Most Recent Fiscal Year)$0.76

Net Income$67.93 million

Net Margins37.61%

Return on Equity7.24%

Return on Assets3.74%

Miscellaneous

Employees218

Outstanding Shares397,000,000

Market Cap$543.89 million

Next Earnings Date8/4/2020 (Estimated)

OptionableOptionable

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Callon Petroleum (NYSE:CPE) Frequently Asked Questions

How has Callon Petroleum's stock been impacted by COVID-19 (Coronavirus)?

Callon Petroleum's stock was trading at $0.6042 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CPE shares have increased by 93.6% and is now trading at $1.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Callon Petroleum?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 5 sell ratings, 14 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Callon Petroleum.

When is Callon Petroleum's next earnings date?

Callon Petroleum is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Callon Petroleum.

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) released its quarterly earnings results on Monday, May, 11th. The oil and natural gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.03. The oil and natural gas company had revenue of $289.92 million for the quarter, compared to the consensus estimate of $344.75 million. Callon Petroleum had a return on equity of 7.24% and a net margin of 37.61%. View Callon Petroleum's earnings history.

What price target have analysts set for CPE?

23 equities research analysts have issued 12 month price objectives for Callon Petroleum's shares. Their forecasts range from $0.50 to $13.00. On average, they anticipate Callon Petroleum's share price to reach $5.62 in the next twelve months. This suggests a possible upside of 380.1% from the stock's current price. View analysts' price targets for Callon Petroleum.

What are Wall Street analysts saying about Callon Petroleum stock?

Here are some recent quotes from research analysts about Callon Petroleum stock:

1. Evercore ISI analysts commented, "We see further improvement in LOE in 3Q before blending in higher CRZO LOE in 4Q (reported ~$7.50/boe in 1Q) which we expect the combined co to actively work down during 2020." (8/8/2019)
2. Northland Securities analysts commented, "We think this is an endorsement of its capabilities with a larger asset base expected to be coming through its CRZO transaction. We reiterate our Outperform rating and $10 PT." (8/7/2019)

Has Callon Petroleum been receiving favorable news coverage?

News stories about CPE stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Callon Petroleum earned a news sentiment score of -1.7 on InfoTrie's scale. They also assigned media stories about the oil and natural gas company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCallon Petroleum.

Who are some of Callon Petroleum's key competitors?

Some companies that are related to Callon Petroleum include ConocoPhillips (COP), EOG Resources (EOG), Pioneer Natural Resources (PXD), Concho Resources (CXO), Cabot Oil & Gas (COG), Diamondback Energy (FANG), Continental Resources (CLR), Noble Energy (NBL), Apache (APA), Devon Energy (DVN), Marathon Oil (MRO), WPX Energy (WPX), EQT (EQT), Cimarex Energy (XEC) and Southwestern Energy (SWN). View all competitors.

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 Range Resources (RRC), Oasis Petroleum (OAS), Coeur Mining (CDE), Chesapeake Energy (CHK), Energy Transfer LP Unit (ET), Ford Motor (F), Alerian MLP ETF (AMLP), Advanced Micro Devices (AMD), Bank of America (BAC) and General Electric (GE).

Who are Callon Petroleum's key executives?

Callon Petroleum's management team includes the following people:

Mr. Joseph C. Gatto Jr., Pres, CEO & Director (Age 48)
Mr. James P. Ulm II, Sr. VP & CFO (Age 55)
Ms. Mitzi P. Conn, VP, Chief Accounting Officer & Corp. Controller (Age 50)
Ms. Correne S. Loeffler, VP of Fin. & Treasurer (Age 42)
Mr. Jeffrey S. Balmer, Sr. VP & COO (Age 54)

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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.95%), State Street Corp (8.07%), Morgan Stanley (2.55%), Morgan Stanley (2.55%), Schroder Investment Management Group (1.51%) and Silvercrest Asset Management Group LLC (1.49%). Company insiders that own Callon Petroleum stock include Barbara J Faulkenberry, Gregory F Conaway, Mitzi P Conn and Steven A Webster. View institutional ownership trends for Callon Petroleum.

Which institutional investors are selling Callon Petroleum stock?

CPE stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Victory Capital Management Inc., Victory Capital Management Inc., BlackRock Inc., Silvercrest Asset Management Group LLC, Nuveen Asset Management LLC, UBS Group AG, and Public Sector Pension Investment Board. View insider buying and selling activity for Callon Petroleum.

Which institutional investors are buying Callon Petroleum stock?

CPE stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Morgan Stanley, Morgan Stanley, Two Sigma Investments LP, Schroder Investment Management Group, Arosa Capital Management LP, Smith Graham & Co. Investment Advisors LP, and Luminus Management LLC. Company insiders that have bought Callon Petroleum stock in the last two years include Barbara J Faulkenberry, Gregory F Conaway, and Steven A Webster. View insider buying and selling activity for Callon Petroleum.

How do I buy shares of Callon Petroleum?

Shares of CPE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Callon Petroleum's stock price today?

One share of CPE stock can currently be purchased for approximately $1.17.

How big of a company is Callon Petroleum?

Callon Petroleum has a market capitalization of $464.49 million 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 $0.76 on an earnings per share basis. Callon Petroleum employs 218 workers across the globe.

What is Callon Petroleum's official website?

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

How can I contact Callon Petroleum?

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]

This page was last updated on 6/5/2020 by MarketBeat.com Staff