In the past week, CPE stock has gone down by -22.01%, with a monthly decline of -26.77% and a quarterly plunge of -14.39%. The volatility ratio for the week is 7.37%, and the volatility levels for the last 30 days are 5.40% for Callon Petroleum Company The simple moving average for the last 20 days is -20.95% for CPE stock, with a simple moving average of -27.48% for the last 200 days.
Is It Worth Investing in Callon Petroleum Company (NYSE: CPE) Right Now?
Callon Petroleum Company (NYSE: CPE) has a higher price-to-earnings ratio of 1.55x compared to its average ratio. compared to its average ratio and a 36-month beta value of 2.78.
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The public float for CPE is 60.38M, and currently, short sellers hold a 11.38% ratio of that float. The average trading volume of CPE on March 16, 2023 was 1.27M shares.
CPE) stock’s latest price update
Callon Petroleum Company (NYSE: CPE)’s stock price has decreased by -11.38 compared to its previous closing price of 34.10. Despite this, the company has seen a loss of -22.01% in its stock price over the last five trading days. Barron’s reported on 06/03/22 that 5 Stocks for $150 Oil
Analysts’ Opinion of CPE
In the past week, CPE stock has gone down by -22.01%, with a monthly decline of -26.77% and a quarterly plunge of -14.39%. The volatility ratio for the week is 7.37%, and the volatility levels for the last 30 days are 5.40% for Callon Petroleum Company The simple moving average for the last 20 days is -20.95% for CPE stock, with a simple moving average of -27.48% for the last 200 days.
Analysts’ Opinion of CPE
Many brokerage firms have already submitted their reports for CPE stocks, with Mizuho repeating the rating for CPE by listing it as a “Buy.” The predicted price for CPE in the upcoming period, according to Mizuho is $59 based on the research report published on January 10th of the current year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see CPE reach a price target of $57. The rating they have provided for CPE stocks is “Neutral” according to the report published on December 05th, 2022.
CPE Trading at -23.07% from the 50-Day Moving Average
After a stumble in the market that brought CPE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.54% of loss for the given period.
Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 7.37%, as shares sank -27.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.52% lower at present.
During the last 5 trading sessions, CPE fell by -22.01%, which changed the moving average for the period of 200-days by -44.07% in comparison to the 20-day moving average, which settled at $37.67. In addition, Callon Petroleum Company saw -18.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPE starting from Faulkenberry Barbara J, who purchase 250 shares at the price of $39.18 back on Feb 27. After this action, Faulkenberry Barbara J now owns 12,288 shares of Callon Petroleum Company, valued at $9,795 using the latest closing price.
Kimmeridge Energy Management C, the 10% Owner of Callon Petroleum Company, sale 6,500,000 shares at $56.65 during a trade that took place back on Jun 01, which means that Kimmeridge Energy Management C is holding 5,200,780 shares at $368,225,000 based on the most recent closing price.
Stock Fundamentals for CPE
Equity return is now at value 48.10, with 20.20 for asset returns.
Conclusion
To put it simply, Callon Petroleum Company (CPE) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
