During the last session, Callon Petroleum Company (NYSE:CPE)’s traded shares were 1.2 million, with the beta value of the company hitting 2.75. At the end of the trading day, the stock’s price was $31.73, reflecting an intraday loss of -5.03% or -$1.68. The 52-week high for the CPE share is $64.08, that puts it down -101.95 from that peak though still a striking 8.89% gain since the share price plummeted to a 52-week low of $28.91. The company’s market capitalization is $1.98B, and the average intraday trading volume over the past 10 days was 1.17 million shares, and the average trade volume was 1.64 million shares over the past three months.

Callon Petroleum Company (CPE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. CPE has a Sell rating from 1 analyst(s) out of 16 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $2.29.

Callon Petroleum Company (NYSE:CPE) trade information

Callon Petroleum Company (CPE) registered a -5.03% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.03% in intraday trading to $31.73 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -2.31%, and it has moved by 1.63% in 30 days. Based on these gigs, the overall price performance for the year is -35.96%. The short interest in Callon Petroleum Company (NYSE:CPE) is 8.87 million shares and it means that shorts have 6.14 day(s) to cover.

The consensus price target of analysts on Wall Street is $49.48, which implies an increase of 35.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $36.00 and $71.00 respectively. As a result, CPE is trading at a discount of -123.76% off the target high and -13.46% off the low.

Callon Petroleum Company (CPE) estimates and forecasts

Statistics show that Callon Petroleum Company has underperformed its competitors in share price, compared to the industry in which it operates. Callon Petroleum Company (CPE) shares have gone down -26.36% during the last six months, with a year-to-date growth rate less than the industry average at -39.01% against -24.20. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -37.80% this quarter and then drop -37.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -21.70% compared to the previous financial year.

Revenue for the current quarter is expected to be $638.71 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $671.39 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $913.62 million and $835.88 million respectively. In this case, analysts expect current quarter sales to shrink by -30.10% and then drop by -19.70% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 28.40%. While earnings are projected to return 169.30% in 2023, the next five years will return 25.00% per annum.

CPE Dividends

Callon Petroleum Company is due to release its next quarterly earnings on May 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Callon Petroleum Company (NYSE:CPE)’s Major holders

Callon Petroleum Company insiders own 1.84% of total outstanding shares while institutional holders control 88.76%, with the float percentage being 90.43%. Blackrock Inc. is the largest shareholder of the company, while 329 institutions own stock in it. As of Mar 30, 2023, the company held over 8.1 million shares (or 13.09% of all shares), a total value of $270.9 million in shares.

The next largest institutional holding, with 6.77 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 10.94% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $226.38 million.

Also, the Mutual Funds coming in first place with the largest holdings of Callon Petroleum Company (CPE) shares are iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF. Data provided on Feb 27, 2023 indicates that iShares Core S&P Smallcap ETF owns about 3.88 million shares. This amounts to just over 6.30 percent of the company’s overall shares, with a $150.42 million market value. The same data shows that the other fund manager holds slightly less at 2.22 million, or about 3.61% of the stock, which is worth about $86.14 million.