In recent trading session, Callon Petroleum Company (NYSE:CPE) saw 0.84 million shares changing hands at last check today with its beta currently measuring 2.72. Company’s recent per share price level of $33.14 trading at -$2.91 or -8.07% at last check today assigns it a market valuation of $2.27B. That most recent trading price of CPE’s stock is at a discount of -100.6% from its 52-week high price of $66.48 and is indicating a discount of -2.14% from its 52-week low price of $33.85. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.8 million shares which gives us an average trading volume of 1.63 million if we extend that period to 3-months.
For Callon Petroleum Company (CPE), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 13 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $4.29 in the current quarter.
Callon Petroleum Company (NYSE:CPE) trade information
Upright in the red during last session for losing -8.07%, in the last five days CPE remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $33.14 price level, adding 17.87% to its value on the day. Callon Petroleum Company’s shares saw a change of -23.70% in year-to-date performance and have moved -12.46% in past 5-day. Callon Petroleum Company (NYSE:CPE) showed a performance of -15.38% in past 30-days. Number of shares sold short was 5.01 million shares which calculate 2.23 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $71.17 to the stock, which implies a rise of 53.44% to its recent value today. Analysts have been projecting $45.00 as a low price target for the stock while placing it at a high target of $132.00. It follows that stock’s current price would drop -298.31% in reaching the projected high whereas dropping to the targeted low would mean a loss of -35.79% for stock’s current value.
Callon Petroleum Company (CPE) estimates and forecasts
Statistics highlight that Callon Petroleum Company is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -38.43% of value to its shares in past 6 months, showing an annual growth rate of 80.55% while that of industry is 34.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 187.90% in the current quarter and calculating 61.80% increase in the next quarter. This year revenue growth is estimated to rise 40.40% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $715.31 million for the same. And 7 analysts are in estimates of company making revenue of $735.5 million in the next quarter that will end on Sep 2022. Company posted $341.23 million and $552.56 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 109.60% while estimating it to be 33.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.90% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 111.40% while estimates for its earnings growth in next 5 years are of 25.00%.
Callon Petroleum Company is more likely to be releasing its next quarterly report between February 22 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Callon Petroleum Company (NYSE:CPE)’s Major holders
Insiders are in possession of 1.98% of company’s total shares while institution are holding 71.07 percent of that, with stock having share float percentage of 72.51%. Investors also watch the number of corporate investors in a company very closely, which is 71.07% institutions for Callon Petroleum Company that are currently holding shares of the company. Kimmeridge Energy Management Company, LLC is the top institutional holder at CPE for having 11.7 million shares of worth $691.28 million. And as of Mar 30, 2022, it was holding 18.97% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 7.61 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 12.33% of outstanding shares, having a total worth of $449.43 million.
On the other hand, iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.37 million shares of worth $132.0 million or 5.46% of the total outstanding shares. The later fund manager was in possession of 1.86 million shares on Jun 29, 2022, making its stake of worth around $72.9 million in the company or a holder of 3.01% of company’s stock.