The share price of Callon Petroleum Company (NYSE:CPE) rose to $39.44 per share on Thursday from $37.26. While Callon Petroleum Company has overperformed by 5.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CPE fell by -26.24%, with highs and lows ranging from $66.48 to $31.23, whereas the simple moving average fell by -11.91% in the last 200 days.
On January 10, 2023, Mizuho started tracking Callon Petroleum Company (NYSE: CPE) recommending Buy. A report published by JP Morgan on December 05, 2022, Upgraded its rating to ‘Neutral’ for CPE. ROTH Capital April 18, 2022d its ‘Neutral’ rating to ‘Buy’ for CPE, as published in its report on April 18, 2022. Truist’s report from March 08, 2022 suggests a price prediction of $100 for CPE shares, giving the stock a ‘Buy’ rating. JP Morgan also rated the stock as ‘Underweight’.
Analysis of Callon Petroleum Company (CPE)
Further, the quarter-over-quarter increase in sales is 51.30%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Callon Petroleum Company’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 55.30% 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and CPE is recording an average volume of 1.23M. On a monthly basis, the volatility of the stock is set at 4.54%, whereas on a weekly basis, it is put at 4.20%, with a gain of 11.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $59.52, showing growth from the present price of $39.44, 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 leading company in the Oil & Gas E&P sector, 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 1.98, there is a growth in quarterly earnings of 171.20%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 1.99%. 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 86.80% 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 4.57% in the first quarter. The company now owns 7,371,702 shares of the stock, with a value of $309.02 million, following the purchase of 322,102 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 22.86%. During the last quarter, the company picked up 1,203,338 additional shares for a total stake of worth $271.1 million, bringing number of shares owned by the company to 6,467,160.
During the first quarter, SSgA Funds Management, Inc. added a 287,578 position in CPE. Fidelity Management & Research Co purchased an additional 0.23 million shares in the last quarter, increasing its holdings by 15.41%, now holding 1.74 million shares worth $72.95 million. At the end of the first quarter, Dimensional Fund Advisors LP increased its CPE holdings by 13.50% and now holds 1.52 million CPE shares valued at $63.66 million with the added 0.18 million shares during the period. CPE shares are owned by institutional investors to the tune of 86.80% at present.