Callon Petroleum Co. [CPE] stock prices are up 2.25% to $31.86 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPE shares have gain 1.85% over the last week, with a monthly amount drifted -0.81%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, CALLON PETROLEUM COMPANY ANNOUNCES TENDER OFFERS AND CONSENT SOLICITATIONS CONTINGENT ON CLOSING OF MERGER. In a post published today on Yahoo Finance, Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced that it has commenced cash tender offers (the “Offers”) for any and all of its 8.000% Senior Notes due 2028 (the “2028 Notes”) and any and all of its 7.500% Senior Notes due 2030 (the “2030 Notes” and, together with the 2028 Notes, the “Notes”), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the “Statement”). The Offers will expire at 11:59 p.m., New York City time, on March 28, 2024, unless extended or earlier terminated (as such time may be extended, the “Expiration Time”).
From an analyst’s perspective:
Callon Petroleum Co. [NYSE: CPE] stock has seen the most recent analyst activity on January 03, 2024, when Mizuho downgraded its rating to a Neutral and also revised its price target to $40 from $60. Previously, Citigroup upgraded its rating to Buy on August 16, 2023, and elevated its price target to $45. On January 10, 2023, Mizuho initiated with a Buy rating and assigned a price target of $59 on the stock. JP Morgan upgraded its rating to a Neutral but stick to its price target of $57 on December 05, 2022. KeyBanc Capital Markets initiated its recommendation with a Sector Weight. RBC Capital Mkts upgraded its rating to Outperform for this stock on July 06, 2022, but kept the price target unchanged to $75. In a note dated April 18, 2022, ROTH Capital upgraded an Buy rating on this stock but restated the target price of $80.
The stock price of Callon Petroleum Co. [CPE] has been fluctuating between $28.62 and $42.72 over the past year. Currently, Wall Street analysts expect the stock to reach $74.33 within the next 12 months. Callon Petroleum Co. [NYSE: CPE] shares were valued at $31.86 at the most recent close of the market. An investor can expect a potential return of 133.3% based on the average CPE price forecast.
Analyzing the CPE fundamentals
The Callon Petroleum Co. [NYSE:CPE] reported sales of 2.34B for trailing twelve months, representing a drop of -14.61%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.11 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.45 points at the first support level, and at 31.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 32.19, and for the 2nd resistance point, it is at 32.51.
Callon Petroleum Co. [CPE] reported earnings per share of $1.62 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.61/share, meaning a difference of $0.01 and a surprise factor of 0.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.82 per share as compared to estimates of $1.82 per share, a difference of $0 representing a surprise of 0.00%.
Ratios To Look Out For
It’s worth pointing out that Callon Petroleum Co. [NYSE:CPE]’s Current Ratio is 0.39. In addition, the Quick Ratio stands at 0.39 and the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.53 and price to earnings (TTM) ratio is 5.24.
Transactions by insiders
Recent insider trading involved WEBSTER STEVEN A, Director, that happened on May 31 when 7384.0 shares were purchased. Director, WEBSTER STEVEN A completed a deal on May 12 to buy 10000.0 shares. Meanwhile, Director WEBSTER STEVEN A bought 10000.0 shares on May 11.
