Callon Petroleum Company (NYSE:CPE) has a beta value of 2.8 and has seen 17,202,405 shares traded in the recent trading session. The company, currently valued at $458.53 Million, closed the recent trade at $1.155 per share which meant it lost $0 on the day or -2.94% during that session. The CPE stock price is -506.93% off its 52-week high price of $7.01 and 67.1% above the 52-week low of $0.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 46.28 Million shares traded. The 3-month trading volume is 46.9 Million shares.
Callon Petroleum Company (NYSE:CPE) trade information
Despite being -3.36% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the CPE stock price touched $1.49 or saw a rise of 23.83%. Year-to-date, Callon Petroleum Company shares have moved -76.5%, while the 5-day performance has seen it change -19.5%. Over the past 30 days, the shares of Callon Petroleum Company (NYSE:CPE) have changed 69.73%. Short interest in the company has seen 85.97 Million shares shorted with days to cover at 1.83.
Callon Petroleum Company (CPE) estimates and forecasts
Figures show that Callon Petroleum Company shares have underperformed across the wider relevant industry. The company’s shares have lost -74.89% over the past 6 months, with this year growth rate of -73.68%, compared to -32.5% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -100% and -78.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be +45.5%.
7 analysts offering their estimates for the company have set an average revenue estimate of $196.33 Million for the current quarter. 7 have an estimated revenue figure of $227.15 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $167.05 Million and $155.38 Million respectively for this quarter and the next, and analysts expect sales will grow by 17.5% for the current quarter and 46.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.2% over the past 5 years. Earnings growth for 2020 is a modest -82.3% while over the next 5 years, the company’s earnings are expected to increase by 5.32%.
Callon Petroleum Company (NYSE:CPE)’s Major holders
Insiders own 2.17% of the company shares, while shares held by institutions stand at 108.73% with a share float percentage of 111.14%. Investors are also buoyed by the number of investors in a company, with Callon Petroleum Company having a total of 387 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 59.34 Million shares worth more than $32.51 Million. As of March 30, 2020, Blackrock Inc. held 14.95% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 42.1 Million shares as of March 30, 2020. The firm’s total holdings are worth over $23.06 Million and represent 10.6% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF. As of March 30, 2020, the former fund manager holds about 5.99% shares in the company for having 23768349 shares of worth $13.02 Million while later fund manager owns 19.46 Million shares of worth $10.66 Million as of March 30, 2020, which makes it owner of about 4.9% of company’s outstanding stock.