A Stock You Should Be Looking At: Callon Petroleum Company (NYSE:CPE)

The price of Callon Petroleum Company (NYSE: CPE) closed at $42.73 in the last session, down -2.06% from day before closing price of $43.63. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 829657 shares were traded. CPE stock price reached its highest trading level at $43.61 during the session, while it also had its lowest trading level at $42.39.

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We take a closer look at CPE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 582.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.84.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on January 10, 2023, initiated with a Buy rating and assigned the stock a target price of $59.

On December 05, 2022, JP Morgan Upgraded its rating to Neutral which previously was Underweight but kept the price unchanged to $57.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 01 when Kimmeridge Energy Management C sold 6,500,000 shares for $56.65 per share. The transaction valued at 368,225,000 led to the insider holds 5,200,780 shares of the business.

Blackstone Holdings III L.P. sold 200,000 shares of CPE for $12,399,037 on Apr 18. The Former 10% Owner now owns 5,935,002 shares after completing the transaction at $62.00 per share. On Apr 18, another insider, BPP HoldCo LLC, who serves as the Former 10% Owner of the company, sold 200,000 shares for $62.00 each. As a result, the insider received 12,399,037 and left with 5,935,002 shares of the company.

Valuation Measures:

As of this moment, Callon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.15, and their Forward P/E ratio for the next fiscal year is 3.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 0.94.

Stock Price History:

Over the past 52 weeks, CPE has reached a high of $66.48, while it has fallen to a 52-week low of $31.23. The 50-Day Moving Average of the stock is 38.83, while the 200-Day Moving Average is calculated to be 44.06.

Shares Statistics:

According to the various share statistics, CPE traded on average about 1.23M shares per day over the past 3-months and 995.11k shares per day over the past 10 days. A total of 61.70M shares are outstanding, with a floating share count of 60.38M. Insiders hold about 2.00% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for CPE as of Oct 13, 2022 were 6.42M with a Short Ratio of 5.88M, compared to 5.96M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 10.40% and a Short% of Float of 18.73%.

Dividends & Splits

The current Payout Ratio is 0.00% for CPE, which recently paid a dividend on Aug 09, 2020 with an ex-dividend date of Jun 25, 1998. Stock splits for the company last occurred on Aug 09, 2020 when the company split stock in a 1:10 ratio.

Earnings Estimates

The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of $4.16 for the current quarter, with a high estimate of $5.18 and a low estimate of $3.7, while EPS last year was $2.93. The consensus estimate for the next quarter is $4.02, with high estimates of $5.09 and low estimates of $3.44.

Analysts are recommending an EPS of between $17.13 and $14.32 for the fiscal current year, implying an average EPS of $15.31. EPS for the following year is $16.05, with 11 analysts recommending between $18.5 and $12.37.

Revenue Estimates

According to 7 analysts, the current quarter’s revenue is expected to be $691.98M. It ranges from a high estimate of $866M to a low estimate of $592M. As of the current estimate, Callon Petroleum Company’s year-ago sales were $552.56M, an estimated increase of 25.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $698.98M, an increase of 1.00% less than the figure of $25.20% in the same quarter last year. There is a high estimate of $840M for the next quarter, whereas the lowest estimate is $577M.

A total of 9 analysts have provided revenue estimates for CPE’s current fiscal year. The highest revenue estimate was $3.4B, while the lowest revenue estimate was $2.27B, resulting in an average revenue estimate of $2.82B. In the same quarter a year ago, actual revenue was $2.05B, up 37.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $2.74B in the next fiscal year. The high estimate is $3.2B and the low estimate is $2.2B. The average revenue growth estimate for next year is down -2.80% from the average revenue estimate for this year.