Callon Petroleum Company (CPE) Records -0.09% Price decrease in Wednesday Trading

The closing price of Callon Petroleum Company (NYSE: CPE) was $33.41 for the day, down -0.09% from the previous closing price of $33.44. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 1163465 shares were traded. CPE stock price reached its highest trading level at $34.08 during the session, while it also had its lowest trading level at $32.95.

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Our analysis of CPE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 613.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.76. 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 0.60 whereas as Long-Term Debt/Eq ratio is at 0.60.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 12 when WEBSTER STEVEN A bought 10,000 shares for $30.25 per share. The transaction valued at 302,450 led to the insider holds 602,824 shares of the business.

WEBSTER STEVEN A bought 10,000 shares of CPE for $302,400 on May 11. The Director now owns 592,824 shares after completing the transaction at $30.24 per share. On May 10, another insider, WEBSTER STEVEN A, who serves as the Director of the company, bought 20,000 shares for $30.66 each. As a result, the insider paid 613,280 and bolstered with 582,824 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CPE now has a Market Capitalization of 1.94B and an Enterprise Value of 4.14B. As of this moment, Callon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1.49, and their Forward P/E ratio for the next fiscal year is 2.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is 2.14.

Stock Price History:

Over the past 52 weeks, CPE has reached a high of $64.08, while it has fallen to a 52-week low of $28.91. The 50-Day Moving Average of the stock is 33.10, while the 200-Day Moving Average is calculated to be 38.42.

Shares Statistics:

CPE traded an average of 1.65M shares per day over the past three months and 1.18M shares per day over the past ten days. A total of 61.62M shares are outstanding, with a floating share count of 60.38M. Insiders hold about 1.84% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for CPE as of Apr 27, 2023 were 8.87M with a Short Ratio of 8.87M, compared to 8.18M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 14.33% and a Short% of Float of 19.24%.

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 firm’s stock currently is rated by 11 analysts. On average, analysts expect EPS of $2.32 for the current quarter, with a high estimate of $4.35 and a low estimate of $1.81, while EPS last year was $3.68. The consensus estimate for the next quarter is $2.52, with high estimates of $5.33 and low estimates of $1.87.

Analysts are recommending an EPS of between $18.95 and $7.32 for the fiscal current year, implying an average EPS of $9.57. EPS for the following year is $11.14, with 11 analysts recommending between $24.37 and $6.88.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $866M to a low estimate of $533M. As of the current estimate, Callon Petroleum Company’s year-ago sales were $913.62M, an estimated decrease of -30.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $671.39M, a decrease of -19.70% over than the figure of -$30.10% in the same quarter last year. There is a high estimate of $941M for the next quarter, whereas the lowest estimate is $528M.

A total of 7 analysts have provided revenue estimates for CPE’s current fiscal year. The highest revenue estimate was $3.62B, while the lowest revenue estimate was $2.07B, resulting in an average revenue estimate of $2.53B. In the same quarter a year ago, actual revenue was $3.23B, down -21.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.69B in the next fiscal year. The high estimate is $3.72B and the low estimate is $2.03B. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.