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S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Buy THIS stock before Taiwan is attacked (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Buy THIS stock before Taiwan is attacked (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
NYSE:CPE

Callon Petroleum (CPE) Stock Forecast, Price & News

$32.17
-0.31 (-0.95%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$31.95
$33.04
50-Day Range
$29.75
$38.06
52-Week Range
$28.91
$64.08
Volume
874,500 shs
Average Volume
1.48 million shs
Market Capitalization
$1.99 billion
P/E Ratio
1.43
Dividend Yield
N/A
Price Target
$56.13

Callon Petroleum MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
74.5% Upside
$56.13 Price Target
Short Interest
Healthy
16.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.31mentions of Callon Petroleum in the last 14 days
Based on 17 Articles This Week
Insider Trading
Acquiring Shares
$944,795 Bought Last Quarter
Proj. Earnings Growth
0.85%
From $9.39 to $9.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Oils/Energy Sector

37th out of 238 stocks

Crude Petroleum & Natural Gas Industry

18th out of 75 stocks


CPE stock logo

About Callon Petroleum (NYSE:CPE) Stock

Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. It focuses on unconventional oil and natural gas reserves in the Permian Basin. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX.

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CPE Stock News Headlines

Oil & Gas Producer Denbury Etching Cup-With-Handle Base (CPE)
Denbury (NYSE: DEN), which went public for the second time a year ago, following a restructuring, has been etching a base since late June. It's now forming a handle below a potential buy point of $75.20.
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With the MMJ Boom this one stock is separating itself from all the others for good reason
Analysts Set Callon Petroleum (NYSE:CPE) PT at $56.63
J.P. Morgan Keeps Their Hold Rating on Callon (CPE)
Callon Petroleum (NYSE:CPE) Shares Gap Up to $30.68
Callon Petroleum (NYSE:CPE) Shares Gap Down to $33.14
See More Headlines
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CPE Company Calendar

Last Earnings
5/03/2023
Today
5/21/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
Oil & Gas Exploration & Production
CUSIP
13123X10
Employees
322
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$56.13
High Stock Price Forecast
$71.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+74.5%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$1.21 billion
Pretax Margin
46.43%

Debt

Sales & Book Value

Annual Sales
$3.23 billion
Cash Flow
$22.03 per share
Book Value
$58.99 per share

Miscellaneous

Free Float
60,756,000
Market Cap
$1.99 billion
Optionable
Optionable
Beta
2.73

Key Executives

  • Joseph C. Gatto
    President, Chief Executive Officer & Director
  • Jeffrey Scott Balmer
    Chief Operating Officer & Senior Vice President
  • Kevin E. Haggard
    Chief Financial Officer & Senior Vice President
  • Angie Day
    Chief Information Officer & Vice President
  • Carrie Endorf
    Vice President-Asset Development & Technology













CPE Stock - Frequently Asked Questions

Should I buy or sell Callon Petroleum stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CPE, but not buy additional shares or sell existing shares.
View CPE analyst ratings
or view top-rated stocks.

What is Callon Petroleum's stock price forecast for 2023?

9 brokerages have issued twelve-month price objectives for Callon Petroleum's stock. Their CPE share price forecasts range from $36.00 to $71.00. On average, they anticipate the company's stock price to reach $56.13 in the next year. This suggests a possible upside of 74.5% from the stock's current price.
View analysts price targets for CPE
or view top-rated stocks among Wall Street analysts.

How have CPE shares performed in 2023?

Callon Petroleum's stock was trading at $37.09 at the start of the year. Since then, CPE shares have decreased by 13.3% and is now trading at $32.17.
View the best growth stocks for 2023 here
.

Are investors shorting Callon Petroleum?

Callon Petroleum saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 8,870,000 shares, a decline of 6.8% from the April 15th total of 9,520,000 shares. Based on an average daily volume of 1,690,000 shares, the days-to-cover ratio is presently 5.2 days. Currently, 16.9% of the company's shares are short sold.
View Callon Petroleum's Short Interest
.

When is Callon Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CPE earnings forecast
.

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) released its earnings results on Wednesday, May, 3rd. The oil and natural gas company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $1.96 by $0.02. The oil and natural gas company earned $560 million during the quarter, compared to analyst estimates of $535.29 million. Callon Petroleum had a trailing twelve-month return on equity of 27.29% and a net margin of 46.15%. Callon Petroleum's quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.43 EPS.

What is Fred L. Callon's approval rating as Callon Petroleum's CEO?

2 employees have rated Callon Petroleum Chief Executive Officer Fred L. Callon on Glassdoor.com. Fred L. Callon has an approval rating of 73% among the company's employees.

What other stocks do shareholders of Callon Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Callon Petroleum investors own include Oasis Petroleum (OAS), Bank of America (BAC), Range Resources (RRC), Energy Transfer (ET), Ford Motor (F), Advanced Micro Devices (AMD), General Electric (GE), Boeing (BA), AT&T (T) and Coeur Mining (CDE).

What is Callon Petroleum's stock symbol?

Callon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPE."

Who are Callon Petroleum's major shareholders?

Callon Petroleum's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.09%), State Street Corp (6.05%), Dimensional Fund Advisors LP (4.45%), FMR LLC (3.10%), Geode Capital Management LLC (1.51%) and Condire Management LP (1.37%). Insiders that own company stock include Barbara J Faulkenberry, Bpp Energy Partners Llc, Bpp Holdco Llc, Gregory F Conaway, Holdings LP Blackstone III, Primexx Energy Partners, Ltd, S P Iv Johnson and Steven A Webster.
View institutional ownership trends
.

How do I buy shares of Callon Petroleum?

Shares of CPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Callon Petroleum's stock price today?

One share of CPE stock can currently be purchased for approximately $32.17.

How much money does Callon Petroleum make?

Callon Petroleum (NYSE:CPE) has a market capitalization of $1.99 billion and generates $3.23 billion in revenue each year. The oil and natural gas company earns $1.21 billion in net income (profit) each year or $22.48 on an earnings per share basis.

How many employees does Callon Petroleum have?

The company employs 322 workers across the globe.

How can I contact Callon Petroleum?

Callon Petroleum's mailing address is 2000 W. Sam Houston Parkway S. Suite 2000, HOUSTON TX, 77042. The official website for the company is www.callon.com. The oil and natural gas company can be reached via phone at (281) 589-5200, via email at ir@callon.com, or via fax at 601-446-1410.

This page (NYSE:CPE) was last updated on 5/22/2023 by MarketBeat.com Staff

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