Callon Petroleum Company (NYSE:CPE) does about 3.35M shares in volume on a normal day but saw 2756201 shares change hands in Tuesday trading. The company now has a market cap of 248.76M USD and an enterprise value of about $3.67B. Its current market price is $6.32, marking a decrease of -4.68% compared to the previous close of $6.63. The 52 week high reached by this stock is $53.60 whilst the lowest price level in 52 weeks is $3.80. The script in recent trading has seen the stock touch a high of $6.60 and a low of $6.285.
Callon Petroleum Company (CPE) has a 20-day trading average at $8.44 and the current price is -88.21% off the 52-week high compared with 66.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.55 and its 200-day simple moving average is $19.20. If we look at the stock’s price movements over the week, volatility stands at 5.95%, which increases to 9.09% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 26.40 to suggest the stock is oversold.
17 analysts observing the Callon Petroleum Company (CPE) stock have set the 12-month price targets for the company’s shares at between $4.00 and $30.00. The consensus objective for the share price is $10.92, suggesting that the stock has a potential upside of 42.12% over the period. The median price target is 36.8% away from the current levels at $10.00.
FactSet Research has provided data showing that 17 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Hold the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 28, 2020 when MKM Partners initiated the stock to “Buy” and issued a price target of $2. BofA/Merrill downgraded the stock to “Underperform” from Neutral on May 14, 2020 at a price target of .
The current price level is -27.91%, -40.98%, and -67.38% away from its SMA20, SMA50, and SMA200 respectively, with the CPE price moving above the 50-day SMA on September 01. Callon Petroleum Company (CPE) stock is down -14.01% over the week and -46.44% over the past month. Its price is -86.92% year-to-date and -83.28% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.1 above consensus estimates by $0.57. The company’s next earnings report is expected on 11/09/2020, with forecasts estimating quarterly EPS at $0.08 and $2.97 for whole year. CPE’s earnings per share are forecast to shrink by -60.90% this year and 46.10% over next year. Expected sales for next quarter are $250.92 million, which analysts say will come at $946.37 million for the current fiscal year and next year at $1.07 billion. In addition, estimates put the company’s current quarterly revenue at an average of $249.32 million.
Its 12-month price target is $10.00. To reach the target analysts have set, the stock logically needs to grow 42.12 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $4.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $30.00.
Outstanding shares total 39.71M with insiders holding 2.17% of the shares and institutional holders owning 108.73% of the company’s common stock. The company has a return on investment of 2.10% and return on equity of -48.10%. The forward price to earnings ratio is 2.15. The beta has a value of 2.96. Price to book ratio is 0.13 and price to sales ratio is 0.31.
According to a U.S. Securities and Exchange Commission filing, Nationwide US Small Cap Value Fun has reduced its position in Callon Petroleum Company (CPE) to 1,805 shares, mirroring a recent drop by 0.00%. Nationwide US Small Cap Value Fun dumped 0.0 shares of Callon Petroleum Company common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show. Nationwide US Small Cap Value Fun isn’t the only investment manager who changed stakes and is followed by Bridge Builder Small/Mid Cap Valu, which sold off 0.0 shares to end up with 109,684 shares worth $0.0.