Callon Petroleum Company (NYSE:CPE) traded at $1.13 at last check on Tuesday, Jun 30, making a downturn move of -1.09% on its previous day’s price.
Looking at the stock we see that its previous close was $1.14 and the beta (5Y monthly) reads 2.8 with the day’s price range being $1.1100 – 1.1500. The company has a 12-month trailing PE ratio of 1.07. In terms of its 52-week price range, CPE has a high of $6.76 and a low of $0.38. The company’s stock has gained about 70.48% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $196.33 Million, with a low of $116.2 Million and a high of $261.44 Million. The median projection represents growth adding up to 17.5% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $976.96 Million, or +45.5% up from figures reported last year.
On the other hand, looking at the outlook for the CPE stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 20 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the Callon Petroleum Company (CPE) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 4 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CPE stock currently stands at 0.24, and the current price level is -18.84% off its SMA20 and 15.25% from its 50-day simple moving average. The RSI (14) is pointing at 46.49 while the volatility over the past week is 12.22% and jumps to 19.08% over the past one month. The beta value is 2.84, while the average true range (ATR) is currently pointing at 0.21. The average price target for the stock over the next 12 months is $1.21, with the estimates having a low of $0 and a high of $3. These price ends are -100% and +165.49% off the current price level respectively, although investors could be excited at the prospect of a -11.5% if the CPE share price touches on the median price of $1.
Let’s briefly compare Callon (CPE) stock to its peers. We find that today’s price change of -1.09% and -82.7% over the past 12 months for CPE competes that of Eog Resources (EOG), which has seen its stock price rise 0.58% in the latest trading session and is -46.7% over the last one year. Another of its peers Pioneer Natural Resources Company (PXD) has climbed 1.2% today, but is -38.62% down over the past year, while Cheniere Energy (LNG) is also down -1.09% yet its price remains in the red at -82.7% over the same period. Eog has a P/E ratio of 13.66 compared to Callon’s 1.28 and Pioneer’s 22.5. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.04% and 0.46%, respectively, in early deals.
Coming back to Callon Petroleum Company (NYSE:CPE), we note that the average 3-month trading volume was 46.6 Million, while that of the preceding 10-day period stands at 37.53 Million. Current shares outstanding are 397Million.
According to data from Thomson Reuters, insiders hold 2.17% of the company’s shares while institutions hold 108.73%. The data shows that short shares as of June 14, 2020, stood at 85.97 Million at a short ratio of 1.64. This represents a 21.66% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 90.88 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -76.4% down in year-to-date price movement.