Would It Be A Good Move Today To Buy Callon Petroleum Company (CPE) Stock?


As of Friday close, Callon Petroleum Company’s (NYSE:CPE) stock was down -$0.81, moving down -2.65 percent to $29.75. The average number of shares traded per day over the past five days has been 3,446,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.71 fall in that time frame. In the last twenty days, the average volume was 2,032,270, while in the previous 50 days, it was 1,443,442.

Since last month, CPE stock retreated -26.36%. Shares of the company fell to $28.91 on 03/16/23, the lowest level in the past month. A 52-week high of $66.48 was reached on 01/27/23 after having rallying from a 52-week low of $28.91. Since the beginning of this year, CPE’s stock price has dropped by -19.79% or -$7.34, and marked a new high 11 times. However, the stock has declined by -55.25% since its 52-week high.

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CPE stock investors should be aware that Callon Petroleum Company (CPE) stock had its last reported insider trading activity 19 days ago on Feb 27. Faulkenberry Barbara J, the Director of the company, purchased of 250 shares for $39.18 on Feb 27. It resulted in a $9,795 investment by the insider. Kimmeridge Energy Management C sold 6,500,000 shares at an average price of $56.65 on Jun 01. The insider now owns 5,200,780 shares following the transaction. On Apr 18, Former 10% Owner Blackstone Holdings III L.P. sold 200,000 shares at $62.00 apiece. The transaction was valued at $12,399,037.

Valuation Metrics

Right now, Callon Petroleum Company (CPE) has a P/E ratio of about 1.52. The stock’s beta is 2.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 0.59, and the price-to-cash flow ratio of 3.68 may also be considered.

Financial Health

In the three months ended December 30, Callon Petroleum Company’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.73, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 71.30% percent. In the year ended December 30, operating margins totaled 50.60%. Based on annual data, CPE earned $1.68 billion in gross profit and brought in $3.23 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 30.50%. Return on equity (ROE) for the past 12 months was 48.10%.

In Callon Petroleum Company’s quarter-end financial report for December 30, it reported total debt of $2.24 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CPE’s revenue rose 1.71% to $835.88 million during the quarter, while net income inched up to $704.25 million. While analysts expected Callon Petroleum Company to report $3.4 quarterly earnings, the actual figure was $3.36 per share, beating the consensus estimate by -1.20%. During the quarter, the company generated $456.13 million in EBITDA. The liabilities of Callon Petroleum Company were 3.06 billion at the end of its most recent quarter ended December 30, and its total debt was $2.24 billion. The value of shareholders’ equity is $61.62 million.

Technical Picture

This quick technical analysis looks at Callon Petroleum Company’s (CPE) price momentum. With a historical volatility rate of 46.35%, the RSI 9-day stood at 20.97% on 17 March.

With respect to its five-day moving average, the current Callon Petroleum Company price is down by -18.40% percent or -$6.71. At present, CPE shares trade -23.11% below its 20-day simple moving average and -32.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.34% below its SMA50 and -49.11% below its SMA200.

Stochastic coefficient K was 6.54% and Stochastic coefficient D was 6.27%, while ATR was 2.25. Given the Stochastic reading of 6.08% for the 14-day period, the RSI (14) reading has been calculated as 28.01%. As of today, the MACD Oscillator reading stands at -4.41, while the 14-day reading stands at -6.50.

Analyst Ratings

Mizuho launched its rating on Callon Petroleum Company (NYSE: CPE) to a Buy in a note to investors on January 10, 2023. Callon Petroleum Company (CPE) has been rated Overweight by analysts. According to 1 brokerage firm, CPE is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Callon Petroleum Company stock as buy, with 6 recommending it as overweight.

With a median target price of $54.50, the current consensus forecast for the stock is $43.00 – $70.00. Based on these forecasts, analysts predict Callon Petroleum Company (CPE) will achieve an average price target of $55.57.


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