A share of Callon Petroleum Company (NYSE:CPE) closed at $42.66 per share on Wednesday, down from $44.18 day before. While Callon Petroleum Company has underperformed by -3.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CPE rose by 12.53%, with highs and lows ranging from $66.48 to $25.32, whereas the simple moving average fell by -18.53% in the last 200 days.
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On July 06, 2022, RBC Capital Mkts Upgraded Callon Petroleum Company (NYSE: CPE) to Outperform. A report published by ROTH Capital on April 18, 2022, Upgraded its rating to ‘Buy’ for CPE. Truist also Upgraded CPE shares as ‘Buy’, setting a target price of $100 on the company’s shares in a report dated March 08, 2022. Wells Fargo November 19, 2021d its ‘Underweight’ rating to ‘Equal Weight’ for CPE, as published in its report on November 19, 2021. RBC Capital Mkts’s report from October 19, 2021 suggests a price prediction of $66 for CPE shares, giving the stock a ‘Sector Perform’ rating. MKM Partners also rated the stock as ‘Buy’.
Analysis of Callon Petroleum Company (CPE)
Further, the quarter-over-quarter increase in sales is 115.90%, showing a positive trend in the upcoming months.
Callon Petroleum Company’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 35.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.40, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and CPE is registering an average volume of 2.02M. On a monthly basis, the volatility of the stock is set at 5.91%, whereas on a weekly basis, it is put at 4.69%, with a loss of -4.39% over the past seven days. Furthermore, long-term investors anticipate a median target price of $74.58, showing growth from the present price of $42.66, which can serve as yet another indication of whether CPE is worth investing in or should be passed over.
How Do You Analyze Callon Petroleum Company Shares?
A giant in the Oil & Gas E&P market, Callon Petroleum Company (CPE) is based in the USA. When comparing Callon Petroleum Company shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.06, there is a growth in quarterly earnings of 133.90%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CPE shares?
The recent increase in stakes in CPE appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in CPE has increased by 2.05% in the first quarter. The company now owns 6,969,743 shares of the stock, with a value of $273.21 million, following the purchase of 139,825 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in CPE during the first quarter, upping its stake by 24.86%. During the last quarter, the company picked up 868,700 additional shares for a total stake of worth $171.04 million, bringing number of shares owned by the company to 4,363,184.
At the end of the first quarter, JB Investments Management LLC decreased its CPE holdings by -71.67% and now holds 0.9 million CPE shares valued at $35.36 million with the lessened -2.28 million shares during the period. CPE shares are owned by institutional investors to the tune of 71.00% at present.