Callon Petroleum Company (NYSE:CPE) shares traded 1.12% up during most recent session to reach at the closing price of $12.59. The stock exchanged hands 4.53 Million shares versus average trading capacity of 5.41 Million shares, yielding a market cap of $2.53 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $18.48 within the next 52-weeks. The mean target projections are based on 27 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Callon Petroleum Company (NYSE:CPE) high price target of $24 and with a conservative view have low price target of $12.42.
Barclays “Initiates Coverage On” Callon Petroleum Company (NYSE:CPE) in a research note issued to investors on 4/26/17 to Overweight with price target of $16.
Additionally on 4/13/17 Stifel Nicolaus “Initiates Coverage On” Callon Petroleum Company (NYSE:CPE) to Buy setting price target at $21 and on 3/09/17 Citigroup “Upgrades” the stock to Buy at $0. Furthermore on 11/28/16 Deutsche Bank “Initiates Coverage On” the stock to Buy at $19.
On the other hand the company has Relative Strength Index (RSI 14) of 58.08 along with Average True Range (ATR 14) of 0.47, Consequently Callon Petroleum Company (NYSE:CPE)’s weekly and monthly volatility is 3.05%, 3.84% respectively. The company’s beta value is at 1.36.
In terms of Buy, Sell or Hold recommendations, Callon Petroleum Company (NYSE:CPE) has analysts’ mean recommendation of 1.8. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Callon Petroleum Company (NYSE:CPE)’s minimum EPS for the current quarter is at $0.05 and can go high up to $0.21. The consensus mean EPS for the current quarter is at $0.13 derived from a total of 23 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.05 earnings per share for the same quarter during last year.
While considering growth estimates of the company, it has next quarter growth estimates of 77.8% whereas during current quarter it has 160% estimations over growth, comparing to the estimations of 123.1% during current year and 63.8% for next year. Past 5 years growth of Callon Petroleum Company (NYSE:CPE) observed at 53.66%, looking forward for the next 5 years it has a strong prediction of 78.86% over growth.
Callon Petroleum Company (NYSE:CPE)’s revenue estimates for the current quarter are $90.51 Million according to 16 number of analysts, for the current quarter the company has high revenue estimates of $97.75 Million in contradiction of low revenue estimates of $84 Million. For the current year the company’s revenue estimates are $391.41 Million compared to low analyst estimates of $361 Million and high estimates of $412.91 Million according to 16 number of analysts.
Currently Callon Petroleum Company (NYSE:CPE)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 90.4%. However the six-month change in the insider ownership was recorded -0.49%, as well as three-month change in the institutional ownership was recorded 9.73%.
Callon Petroleum Company (NYSE:CPE) 52-week high price stands at $18.53 and low price stands at $10.34, its price distance from 52-week high is -32.06% while its distance from 52-week low price is 21.76%. The stock hit its 52-week high on 12/01/16, and 52-week low on 08/02/16.
Callon Petroleum Company (NYSE:CPE)’s trailing twelve month revenues are $251.5 Million, whereas its price to sales ratio for the same period is 10.06. Its book value per share for the most recent quarter is $8.85 while its price to book ratio for the same period is 1.42, as for as the company’s cash per share for the most recent quarter is $0.18, however its price to cash per share ratio for the same period is 71.71. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.