Callon Petroleum Company (NYSE: CPE) is 0.23% higher on its value in year-to-date trading and has touched a low of $3.80 and a high of $49.80 in the current 52-week trading range. The CPE stock was last observed hovering at around $13.16 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $11.00 for the next 12 months. It is also 34.05% off the consensus price target high of $20.00 offered by 16 analysts, but current levels are -1219.0% lower than the price target low of $1.00 for the same period.
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Currently trading at $13.19, the stock is -3.46% and 36.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 0.23% at the moment leaves the stock 53.08% off its SMA200. CPE registered -72.69% loss for a year compared to 6-month loss of 9.92%. The firm has a 50-day simple moving average (SMA 50) of $11.96 and a 200-day simple moving average (SMA200) of $9.00.
The stock witnessed a 24.55% gain in the last 1 month and extending the period to 3 months gives it a 165.39%, and is -4.14% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.26% over the week and 9.72% over the month.
Callon Petroleum Company (CPE) has around 475 employees, a market worth around $541.85M and $934.40M in sales. Fwd P/E is 3.83. Distance from 52-week low is 247.11% and -73.51% from its 52-week high. The company has generated returns on investments over the last 12 months (2.10%).
Callon Petroleum Company (CPE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Callon Petroleum Company (CPE) is a “Hold”. 16 analysts offering their recommendations for the stock have an average rating of 3.00, where 9 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Callon Petroleum Company is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $255.87M over the same period.The EPS is expected to shrink by -82.30% this year, but quarterly earnings will post 47.70% year-over-year. Quarterly sales are estimated to grow 30.50% in year-over-year returns.
Callon Petroleum Company (CPE) Top Institutional Holders
139 institutions hold shares in Callon Petroleum Company (CPE), with 1.1M shares held by insiders accounting for 2.78% while institutional investors hold 42.98% of the company’s shares. The shares outstanding are 39.75M, and float is at 38.65M with Short Float at 20.78%. Institutions hold 41.78% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.99 million shares valued at $19.24 million. The investor’s holdings represent 10.04% of the CPE Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.68 million shares valued at $8.09 million to account for 4.22% of the shares outstanding. The other top investors are Morgan Stanley which holds 1.15 million shares representing 2.88% and valued at over $5.52 million, while Arrowstreet Capital, Limited Partnership holds 2.51% of the shares totaling 1.0 million with a market value of $4.8 million.
Callon Petroleum Company (CPE) Insider Activity
The most recent transaction is an insider purchase by Faulkenberry Barbara J, the company’s Director. SEC filings show that Faulkenberry Barbara J bought 2,750 shares of the company’s common stock on Aug 10 at a price of $10.89 per share for a total of $29948.0. Following the purchase, the insider now owns 6761.0 shares.
Callon Petroleum Company disclosed in a document filed with the SEC on Jun 08 that JOHNSON S P IV (Director) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Jun 08 and was made at $2.00 per share for $24000.0. Following the transaction, the insider now directly holds 0.85 million shares of the CPE stock.
Still, SEC filings show that on Mar 19, Conaway Gregory F (Vice President & CAO) acquired 100,000 shares at an average price of $0.48 for $48000.0. The insider now directly holds 422,908 shares of Callon Petroleum Company (CPE).
Callon Petroleum Company (CPE): Who are the competitors?
Enterprise Products Partners L.P. (EPD) is -32.08% down on the 1-year trading charts. Short interest in the company’s stock has fallen -11.96% from the last report on Nov 12, 2020 to stand at a total of 8.99 million short shares sold with a short interest ratio of 1.32.