The stock of Callon Petroleum Co. (CPE) has gone up by 4.25% for the week, with a 8.15% rise in the past month and a 1.44% rise in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are 2.56% for CPE. The simple moving average for the last 20 days is 8.95% for CPE stock, with a simple moving average of 2.26% for the last 200 days.
Is It Worth Investing in Callon Petroleum Co. (NYSE: CPE) Right Now?
The price-to-earnings ratio for Callon Petroleum Co. (NYSE: CPE) is 5.80x, which is above its average ratio. Moreover, the 36-month beta value for CPE is 2.48. Analysts have varying opinions on the stock, with 13 analysts rating it as a “buy,” 9 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CPE is 52.27M and currently, short sellers hold a 17.71% of that float. On March 22, 2024, CPE’s average trading volume was 1.68M shares.
CPE) stock’s latest price update
The stock price of Callon Petroleum Co. (NYSE: CPE) has surged by 0.28 when compared to previous closing price of 35.20, but the company has seen a 4.25% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-02-29 that In this article, I provide an overview of APA Corp., a comparatively small and little-noticed oil and gas exploration and production company. I explain what I like about APA’s globally diversified asset base, but also point out important risks and take a good look at its comparatively high debt. I provide an update on APA’s progress in Guyana (Block 58) and share my views on the Callon Petroleum acquisition and explain why the market may misinterpret the all-stock transaction.
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 “Neutral.” The predicted price for CPE in the upcoming period, according to Mizuho is $40 based on the research report published on January 03, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CPE reach a price target of $45, previously predicting the price at $40. The rating they have provided for CPE stocks is “Buy” according to the report published on August 16th, 2023.
Mizuho gave a rating of “Buy” to CPE, setting the target price at $59 in the report published on January 10th of the previous year.
CPE Trading at 9.67% 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 -14.65% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +12.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.84% upper at present.
During the last 5 trading sessions, CPE rose by +4.25%, which changed the moving average for the period of 200-days by +9.53% in comparison to the 20-day moving average, which settled at $32.60. In addition, Callon Petroleum Co. saw 8.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPE starting from WEBSTER STEVEN A, who purchase 7,384 shares at the price of $30.50 back on May 31 ’23. After this action, WEBSTER STEVEN A now owns 610,208 shares of Callon Petroleum Co., valued at $225,175 using the latest closing price.
WEBSTER STEVEN A, the Director of Callon Petroleum Co., purchase 10,000 shares at $30.25 during a trade that took place back on May 12 ’23, which means that WEBSTER STEVEN A is holding 602,824 shares at $302,450 based on the most recent closing price.
Stock Fundamentals for CPE
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.36 for the gross margin
The net margin for Callon Petroleum Co. stands at 0.22. The total capital return value is set at 0.04. Equity return is now at value 11.34, with 6.07 for asset returns.
Based on Callon Petroleum Co. (CPE), the company’s capital structure generated 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.48. The interest coverage ratio of the stock is 1.42.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 1.8. When we switch over and look at the enterprise to sales, we see a ratio of 2.33. The receivables turnover for the company is 8.86for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.39.
Conclusion
To wrap up, the performance of Callon Petroleum Co. (CPE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
