A new trading data show Callon Petroleum Company (CPE) is showing positive returns.

Callon Petroleum Company (NYSE: CPE) stock fell -2.06% on Tuesday to $42.73 against a previous-day closing price of $43.63. With 0.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.23 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $43.61 whereas the lowest price it dropped to was $42.39. The 52-week range on CPE shows that it touched its highest point at $66.48 and its lowest point at $31.23 during that stretch. It currently has a 1-year price target of $58.25. Beta for the stock currently stands at 2.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CPE was up-trending over the past week, with a rise of 5.53%, but this was up by 19.76% over a month. Three-month performance dropped to -2.67% while six-month performance fell -0.74%. The stock lost -9.53% in the past year, while it has gained 15.21% so far this year. A look at the trailing 12-month EPS for CPE yields 19.91 with Next year EPS estimates of 14.08. For the next quarter, that number is 3.64. This implies an EPS growth rate of 111.40% for this year and -4.78% for next year. EPS is expected to grow by 25.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.90%.

Float and Shares Shorts:

At present, 61.70 million CPE shares are outstanding with a float of 60.38 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.42 million, which was 10.40% higher than short shares on Sep 14, 2022. In addition to Mr. Joseph C. Gatto Jr. as the firm’s Pres, CEO & Director, Mr. Kevin E. Haggard serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 86.11% of CPE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 45.42% of CPE, in contrast to 36.31% held by mutual funds. Shares owned by individuals account for 17.54%. As the largest shareholder in CPE with 11.97% of the stake, BlackRock Fund Advisors holds 7,371,702 shares worth 7,371,702. A second-largest stockholder of CPE, The Vanguard Group, Inc., holds 6,467,160 shares, controlling over 10.50% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in CPE, holding 3,649,408 shares or 5.92% stake. With a 6.13% stake in CPE, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,776,435 shares are owned by the mutual fund manager. The SPDR S&P Oil & Gas Exploration &, which owns about 4.54% of CPE stock, is the second-largest Mutual Fund holder. It holds 2,795,100 shares valued at 103.67 million. Vanguard Total Stock Market Index holds 3.03% of the stake in CPE, owning 1,867,075 shares worth 69.25 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CPE since 16 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CPE analysts setting a high price target of $71.00 and a low target of $43.00, the average target price over the next 12 months is $56.64. Based on these targets, CPE could surge 66.16% to reach the target high and rise by 0.63% to reach the target low. Reaching the average price target will result in a growth of 32.55% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CPE will report FY 2022 earnings on 02/22/2024. Analysts have provided yearly estimates in a range of $15.07 being high and $14.36 being low. For CPE, this leads to a yearly average estimate of $14.65. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Callon Petroleum Company surprised analysts by -$0.03 when it reported $4.04 EPS against a consensus estimate of $4.07. The surprise factor in the prior quarter was -$0.52. Based on analyst estimates, the high estimate for the next quarter is $3.93 and the low estimate is $3.24. The average estimate for the next quarter is thus $3.52.

Summary of Insider Activity:

Insiders traded CPE stock several times over the past three months with 9 Buys and 9 Sells. In these transactions, 26,411 shares were bought while 17,176 shares were sold. The number of buy transactions has increased to 28 while that of sell transactions has risen to 131 over the past year. The total number of shares bought during that period was 130,896 while 25,575,464 shares were sold.

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