Looking into the technicals, Callon Petroleum Company (NYSE:CPE) has scored 32% Sell indication. The stock is also flashing a Buy from the Barchart TrendSpotter trading system. Traders hoping to speculate on the CPE’s short-term trajectory should know that short terms indicators for the stock averaged 40% Sell with an average daily trading volume over the past 20 days at 5126010 shares. CPE stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 5620716 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 5183557 shares, is 67% Sell on the basis of long term indicators.
The share price is currently staying around the first support level of $7.83. Below this, the next support is placed in the zone of $7.67. Till the time, the CPE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 47.8 on daily chart, which may remain a cause for concern. If the price breaks below $7.67 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $8.15 mark may result into a pull-back move towards $8.31 level.
Callon Petroleum Company (CPE) is projected to climb by 58.2 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $23 price as 12-month high target. This represents a whopping 187.86 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $12, which represents a return potential of 50.19 percent when compared to the closing price of the stock of $7.99 on Friday, February 08. The lowest price target for the stock is $6 — slightly more than -24.91 percent from CPE’s current share price.
Here’s a rundown of insider trading activity for sense of Callon Petroleum Company (NYSE:CPE). The earliest insider trade took place on 12/11/2018. Faulkenberry Barbara J gathered a total of 0.63 thousand shares of company at average share price of $7.97. The total for the purchase was set at $4.98 thousand. After this transaction, the Director account balance stood at 0.63 thousand shares. The stock grew 0.25 percent since that insider purchase. On 09/18/2018, Conn Mitzi P, Vice President and CAO, sold 15 thousand shares at a price per share of $11.76. This removed 176.4 thousand shares from the insider’s fortune and the stock saw a -32.06 percent retreat in value since the news became public. This transaction left 66.41 thousand shares in the Vice President and CAO account. On 02/14/2017, Vice President of Land Weant Jerry A performed a sale transaction worth $57.8 thousand. This sale at $14.45 each has eliminated 4 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -44.71 percent decrease since the transaction was reported. The insider now is left with 57.89 thousand shares remaining in the account. Weant Jerry A, who performs the Vice President of Land job, bought 1 thousand shares for $6 thousand. The acquisition occurred on 01/13/2016 was priced at $6 per share. The share price soared 33.17 percent since the reporting date. Weant Jerry A now left with a stake of 4 thousand CPE stock worth $31.96 thousand after the insider buying.
CPE shares dropped -0.12 points or -1.48 percent on Friday to $7.99 with a heavy trade volume of 5.574 million shares. After opening the session at $8.07, the shares went as high as $8.15 and as low as $7.83, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.85 billion and now has 231 million shares outstanding. Callon Petroleum Company (CPE) stock has lost -6.55 percent of market value in 21 trading days.
Analysts at Citigroup upped their rating on shares of Callon Petroleum Company (NYSE:CPE) from Neutral to Buy in their opinion released on January 23. Barclays analysts have downgraded their rating of CPE stock from Overweight to Equal Weight in a separate flash note to investors on January 16. Analysts at CapitalOne issued an upgrade from Equal Weight to Overweight for the stock, in a research note that dated back to January 09.
CPE stock has a trailing 3-year beta of 1.57, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.76 a share in the trailing twelve months. The stock’s value has surged 23.11 percent year to date (YTD) against a decline of -25.95 percent in 12 month’s time. The company’s shares still trade -45.46 percent away from its 1-year high of $14.65 and 43.45 percent up from 52-week low of $5.57. The average consensus rating on the company is 1.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Callon Petroleum Company (CPE) are trading at a P/E ratio of 10.54 times earnings reported for the past 12 months. The industry CPE operates in has an average P/E of 8.71. Its P/E ratio went as low as 8.39X and as high as 21.71 over the 5-year span. Further, it is sporting a 3.39 on the Price-to-Sales ratio. Compare this with the industry average P/S of 77.53. 83.4 percent is the gross profit margin for Callon Petroleum Company and operating margin sits at 46.9 percent. Along with this, the net profit margin is 29.4 percent.
CPE will be declaring its Q4 financial results on February 26. Analysts are forecasting revenue to climb 47.4 percent to $174M in the next fiscal quarter, while earnings are seen soaring by nearly 53.33 percent to $0.23 per share. History has shown that shares in Callon Petroleum Company have gone down on 18 different earnings reaction days and are predicted to add 0.06 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.21 per share, better than the $0.2, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $161M, better than the $146M analysts expected. Earnings are estimated to increase by 171.3 percent this year, 20.84 percent next year and continue to increase by 51.85 percent annually for the next 5 years.
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