Callon Petroleum Company (CPE) shares saw a recent bid of $10.05 and 6.86M shares have exchanged hands in the recent trading session, yielding a -2.80% decline over the past week. The stock price decreased -6.69% or $0.72 versus $10.77 at the end of the prior session. This change led market cap to move at $2.11B, putting the price -45.76% below the 52-week high and -2.33% above the 52-week low. The company’s stock has a normal trading capacity of 5.22M shares while the relative volume is 1.32.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $18.29 while $23.00 target is by far the most aggressive out of analysts who are currently evaluating the company, $4.71 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $12.00, which would be an increase of about 19% of its current value. The mean target of $18.00 should be compared with the price when the stock was languishing around $10.29 a share. And it remains to be seen which target price CPE can achieve without sacrificing much as the company is holding a -14.18% fall for the past twelve months.
By historical standards, Callon Petroleum Company remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 21.03 times earnings. For now, Callon Petroleum Company is the toast of Wall Street as its ABR stands at 1.80 with 8 out of 24 analysts rating the stock a buy. Over the short term, some market observers may have noticed that Callon Petroleum Company has a 18.20% short float with 15 days to cover. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Callon Petroleum Company has far performed well this year, with the share price down -34.61% since January. Over the past 2 quarters, the stock is down -42.24%, compared with a fall of nearly -14.83% for 3 months and about -19.47% for the past 30 days.
Last time, the company shocked Wall Street by reporting EPS of $0.10, smashing the consensus of $0.10 per share. Revenue for the quarter also killed consensus, coming in at $81.36M, compared to the consensus of 79.12M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.12. The company is expected to report EPS as high as $0.19 and as low as $0.05 per share. Similarly, full-year EPS forecasts have ranged between $0.32 and $0.89. The mean EPS estimate is $0.60. On the other side, sales forecasts for the current quarter are $89.33M. The stock is expected to report revenue as high as $93.13M and as low as $84.7M per share. Similarly, full-year sales forecasts have ranged between $366.6M and $428.1M. The mean revenue estimate is $392.94M.
Over the last 5 years, Callon Petroleum Company has averaged a -18.00% YoY EPS growth rate and a 9.50% revenue growth rate. Analysts are expecting EPS growth rates to be at 79.20% this quarter and EPS estimate for next year reflect 59.51% growth rate.
Sell-side analysts also have something to say about this company. Barclays analysts stated on 26/04/2017 that they launched coverage on this stock with Overweight rating. Euro Pacific Capital raised its rating on Callon Petroleum Company to Buy on 13/04/2017 in a reversal from its prior Hold rating. Stifel analysts stated on 13/04/2017 that they launched coverage on this stock with Buy rating. UBS analysts stated on 23/03/2017 that they launched coverage on this stock with Buy rating.