Callon Petroleum Company (CPE) – key numbers that make it a Strong Buy For Now

Callon Petroleum Company (NYSE: CPE) is 20.67% higher on its value in year-to-date trading and has touched a low of $3.80 and a high of $43.00 in the current 52-week trading range. The CPE stock was last observed hovering at around $15.88 in the last trading session, with the day’s loss setting it -0.33% off its average median price target of $15.00 for the next 12 months. It is also 22.25% off the consensus price target high of $20.00 offered by 16 analysts, but current levels are -159.17% lower than the price target low of $6.00 for the same period.


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Currently trading at $15.55, the stock is 11.41% and 41.36% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -2.07% at the moment leaves the stock 74.05% off its SMA200. CPE registered -61.36% loss for a year compared to 6-month gain of 40.53%. The firm has a 50-day simple moving average (SMA 50) of $13.19 and a 200-day simple moving average (SMA200) of $9.06.

The stock witnessed a 5.31% loss in the last 1 month and extending the period to 3 months gives it a 215.08%, and is 9.82% up 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 7.03% over the week and 7.55% over the month.

Callon Petroleum Company (CPE) has around 475 employees, a market worth around $615.83M and $934.40M in sales. Fwd P/E is 4.60. Distance from 52-week low is 309.24% and -63.83% 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 11 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 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 $0.43 with sales reaching $249.84M over the same period.The EPS is expected to shrink by -82.30% this year, but quarterly earnings will post 46.80% year-over-year. Quarterly sales are estimated to grow 27.40% 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 38.64M 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

A total of 0 insider transactions have happened at Callon Petroleum Company (CPE) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).

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Callon Petroleum Company (CPE): Who are the competitors?

Enterprise Products Partners L.P. (EPD) is -22.54% 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.

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