At the time of writing, Callon Petroleum Co. [CPE] stock is trading at $33.74, up 0.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CPE shares have gain 4.04% over the last week, with a monthly amount glided 3.82%, and seem to be holding up well over a long-time horizon.
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On 15, March 2024, CALLON PETROLEUM COMPANY ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS TENDER OFFERS AND CONSENT SOLICITATIONS. In a post published today on Yahoo Finance, Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today announced the pricing terms of its previously announced 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”). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are 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”).
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.
For the past year, the stock price of Callon Petroleum Co. fluctuated between $28.62 and $41.36. 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 $33.74 at the most recent close of the market. An investor can expect a potential return of 120.3% based on the average CPE price forecast.
Analyzing the CPE fundamentals
According to Callon Petroleum Co. [NYSE:CPE], the company’s sales were 2.34B for trailing twelve months, which represents an -14.61% plunge. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
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 33.40 points at the first support level, and at 33.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.15, and for the 2nd resistance point, it is at 34.57.
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 is important to note that Callon Petroleum Co. [NYSE:CPE] has a current ratio of 0.39. As well, the Quick Ratio is 0.39, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 0.56 and price to earnings (TTM) ratio is 5.55.
Transactions by insiders
Recent insider trading involved WEBSTER STEVEN A, Director, that happened on May 31 ’23 when 7384.0 shares were purchased. Director, WEBSTER STEVEN A completed a deal on May 12 ’23 to buy 10000.0 shares. Meanwhile, Director WEBSTER STEVEN A bought 10000.0 shares on May 11 ’23.
