As of Wednesday close, Callon Petroleum Company’s (NYSE:CPE) stock was down -$0.22, moving down -0.62 percent to $35.37. The average number of shares traded per day over the past five days has been 1,174,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.32 fall in that time frame. In the last twenty days, the average volume was 1,692,575, while in the previous 50 days, it was 1,659,458.
Since last month, CPE stock rose 0.14%. Shares of the company fell to $33.27 on 07/17/23, the lowest level in the past month. A 52-week high of $50.19 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 -4.64% or -$1.72, and marked a new high 11 times. However, the stock has declined by -29.53% since its 52-week high.
CPE stock investors should be aware that Callon Petroleum Company (CPE) stock had its last reported insider trading activity 78 days ago on May 31. WEBSTER STEVEN A, the Director of the company, purchased of 7,384 shares for $30.50 on May 31. It resulted in a $225,175 investment by the insider. WEBSTER STEVEN A added 10,000 shares at an average price of $30.25 on May 12. The insider now owns 602,824 shares following the transaction. On May 11, Director WEBSTER STEVEN A bought 10,000 shares at $30.24 apiece. The transaction was valued at $302,400.
Valuation Metrics
Right now, Callon Petroleum Company (CPE) has a P/E ratio of about 2.34. The stock’s beta is 2.75. Besides these, the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 0.62, and the price-to-cash flow ratio of 8.14 may also be considered.
Financial Health
In the three months ended June 29, Callon Petroleum Company’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.64, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 69.10% percent. In the year ended June 29, EBITDA margin amounted to 66.48%, whereas operating margins totaled 27.10%. 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 28.60%. Return on equity (ROE) for the past 12 months was 27.80%.
In Callon Petroleum Company’s quarter-end financial report for June 29, it reported total debt of $2.27 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CPE’s revenue fell -62.48% during the quarter, while net income inched up to $562.28 million. While analysts expected Callon Petroleum Company to report $1.76 quarterly earnings, the actual figure was $1.99 per share, beating the consensus estimate by 13.10%. During the quarter, the company generated -$92.79 million in EBITDA. The liabilities of Callon Petroleum Company were 3.02 billion at the end of its most recent quarter ended June 29, and its total debt was $2.27 billion. The value of shareholders’ equity is $68.16 million.
Technical Picture
This quick technical analysis looks at Callon Petroleum Company’s (CPE) price momentum. With a historical volatility rate of 24.79%, the RSI 9-day stood at 41.05% on 16 August.
With respect to its five-day moving average, the current Callon Petroleum Company price is down by -6.16% percent or -$2.32. At present, CPE shares trade +1.87% above its 20-day simple moving average and +16.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.74% above its SMA50 and -21.49% below its SMA200.
Stochastic coefficient K was 33.95% and Stochastic coefficient D was 45.17%, while ATR was 1.34. Given the Stochastic reading of 22.56% for the 14-day period, the RSI (14) reading has been calculated as 47.25%. As of today, the MACD Oscillator reading stands at -0.83, while the 14-day reading stands at -0.73.
Analyst Ratings
Citigroup upgraded its rating on Callon Petroleum Company (NYSE: CPE) to a Buy in a note to investors on August 16, 2023. The analysts firm previously had a Neutral rating on the stock.Callon Petroleum Company (CPE) has been rated Overweight by analysts. According to 1 brokerage firm, CPE is a sell, and 8 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 7 recommending it as overweight.
With a median target price of $49.00, the current consensus forecast for the stock is $35.00 – $59.00. Based on these forecasts, analysts predict Callon Petroleum Company (CPE) will achieve an average price target of $47.91.
