The stock price of Callon Petroleum Co. (NYSE: CPE) has surged by 1.82 when compared to previous closing price of 35.12, but the company has seen a 1.30% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Callon (CPE) reported earnings 30 days ago. What’s next for the stock?
Is It Worth Investing in Callon Petroleum Co. (NYSE: CPE) Right Now?
Callon Petroleum Co. (NYSE: CPE) has a price-to-earnings ratio of 5.88x that is above its average ratio. Additionally, the 36-month beta value for CPE is 2.48. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for CPE is 52.27M and currently, short sellers hold a 16.02% ratio of that float. The average trading volume of CPE on April 01, 2024 was 1.66M shares.
CPE’s Market Performance
The stock of Callon Petroleum Co. (CPE) has seen a 1.30% increase in the past week, with a 14.54% rise in the past month, and a 6.52% gain in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 2.67% for CPE. The simple moving average for the last 20 days is 7.17% for CPE stock, with a simple moving average of 3.47% 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 “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 10.40% 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 -13.54% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +14.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.85% upper at present.
During the last 5 trading sessions, CPE rose by +1.30%, which changed the moving average for the period of 200-days by +8.79% in comparison to the 20-day moving average, which settled at $33.60. In addition, Callon Petroleum Co. saw 10.37% 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 2.34. 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
In conclusion, Callon Petroleum Co. (CPE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
