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NYSE:CPECallon Petroleum Stock Price, Forecast & News

$0.79
+0.02 (+2.59 %)
(As of 06/3/2020 04:00 PM ET)
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Today's Range
$0.78
Now: $0.79
$0.83
50-Day Range
$0.41
MA: $0.67
$0.94
52-Week Range
$0.38
Now: $0.79
$7.01
Volume30.50 million shs
Average Volume32.82 million shs
Market Capitalization$314.54 million
P/E Ratio0.88
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.61 out of 5 stars


Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
CUSIP13123X10
Phone281-589-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$671.57 million
Cash Flow$1.10 per share
Book Value$8.13 per share

Profitability

Net Income$67.93 million

Miscellaneous

Employees218
Market Cap$314.54 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 COVID-19 reached pandemic status according to the World Health Organization. Since then, CPE stock has increased by 31.1% and is now trading at $0.7923. 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) announced its earnings results on Monday, May, 11th. The oil and natural gas company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.03. The oil and natural gas company earned $289.92 million during the quarter, compared to analyst estimates of $344.75 million. Callon Petroleum had a net margin of 37.61% and a return on equity of 7.24%. View Callon Petroleum's earnings history.

What price target have analysts set for CPE?

23 Wall Street analysts have issued twelve-month price targets for Callon Petroleum's stock. 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 year. This suggests a possible upside of 608.9% 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?

Media stories about CPE stock have trended very positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Callon Petroleum earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave news coverage 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 impact on the stock's share price in the next few days. View the latest news aboutCallon Petroleum.

Who are some of Callon Petroleum's key 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 many different retail and institutional investors. Top institutional investors 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 major 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 major 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 $0.79.

How big of a company is Callon Petroleum?

Callon Petroleum has a market capitalization of $314.54 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 6/4/2020 by MarketBeat.com Staff

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