Callon Petroleum Company [CPE] shares are down more than -87.51% this year and recently decreased -0.05% or -$0.23 to settle at $4.81. CPE has a short ratio of 3.29. This implies that the market is currently less bearish on the outlook for CPE.

On 12, October 2020, Callon Petroleum Company Schedules Third Quarter 2020 Conference Call for November 3, 2020. According to news published on Yahoo Finance, Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its third quarter 2020 financial and operating results.

Analyst Birdseye View:

The most recent analyst activity for Callon Petroleum Company [NYSE:CPE] stock was on May 28, 2020, when it was Initiated with a Buy rating from MKM Partners, which also raised its 12-month price target on the stock to $2. Before that, on September 25, 2020, Wells Fargo Recapitulated an Underweight rating and elevated its amount target to $4. On May 14, 2020, BofA/Merrill Downgrade an Underperform rating. On May 04, 2020, Tudor Pickering Downgrade a Sell rating. On May 01, 2020, Siebert Williams Shank Downgrade a Sell rating and increased its price target to $0.50. On April 07, 2020, Scotiabank Downgrade a Sector perform rating. On March 31, 2020, Piper Sandler Downgrade an Underweight rating. Barclays elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.80 and a peak of $49.80. Right now, the middling Wall Street analyst 12-month amount mark is $8.00. At the most recent market close, shares of Callon Petroleum Company [NYSE:CPE] were valued at $4.81.

FUNDAMENTAL ANALYSIS

Callon Petroleum Company [NYSE:CPE] most recently reported quarterly sales of 157.23 billion, which represented growth of -5.90%. This publicly-traded organization’s revenue is $1,413,836 per employee, while its income is $143,006 per employee. This company’s Gross Margin is currently 75.10%, its Pretax Margin is +15.37, and its Net Margin is +10.11. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.21, 2.40, 4.88 and 1.35 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 50.33 and the whole liability to whole assets at 44.99. It shows enduring liability to the whole principal at 49.67 and enduring liability to assets at 0.44 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 4.69 points at 1st support level, the second support level is making up to 4.57. But as of 1st resistance point, this stock is sitting at 5.00 and at 5.19 for 2nd resistance point.

Callon Petroleum Company [CPE] reported its earnings at $0.1 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.47/share signifying the difference of 0.57 and 121.30% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $1.2 calling estimates for $1.19/share with the difference of 0.01 depicting the surprise of 0.80%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Callon Petroleum Company [NYSE:CPE] is 0.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.02. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.68 and it’s amount to book ratio is 0.59.

Insider Stories

The most recent insider trade was by Faulkenberry Barbara J, Director, and it was the purchase of 2750.0 shares on Aug 10. JOHNSON S P IV, the Director, completed a sale of 12000.0 shares on Jun 08. On Mar 19, Conaway Gregory F, Vice President & CAO, completed a purchase of 100000.0 shares.