Callon Petroleum Company, (CPE)’s stock has risen by 122.61% from average 12-month price target of $9.55 expected by the analysts. The price of the stock ended August 15, 2019 trading at $4.29 which saw uptrend of -33.9% since the beginning of 2019. For most investors, the 1.66% rally in the share price could have prompted them to buy the stock, but doing that would be a mistake as it would be taking into consideration only the short-term performance of the stock. Most analysts believed that the stock has the potential to rise by 203.03% or more. For Callon Petroleum Company to record further gain analysts believe that the company has to hit $13 price target. The high price target for CPE for next 12 months currently stands at $13. This means that the highest 12 months price target is 203.03% above its last closing price. The median price target for the stock over the next 12 months is $10, which means that it could rise by 133.1% from its current position. Despite that, some analysts believe that it won’t perform excellent, setting a lower price target of $6 for the stock which means it could rise by 39.86%.
A look at the CPE stock today shows that it has lost -61.59% of its value over the past one year, which has led to some investors becoming concerned about the short-term performance of Callon Petroleum Company (NYSE:CPE). If we turn to the stock analysts in general, they revealed that most of them are still bullish about the chances of the shares. The consensus rating from analysts for Callon Petroleum Company (CPE) is 1.9 which is a buy rating. Over the past week, the stock has been rated as a Buy 20 times while it has been rated as a Hold 4 times. The 52-week high price for CPE is $13.09 which is attained on October 04 while its 52-week low currently stands at $4.08 and was reached on August 14. At the moment, the stock is trading $-2.73 below its YTD moving average set at $7.02.
Moving on, Callon Petroleum Company (CPE) last released its earnings for the June 2019 quarter of the fiscal year. The company performed lower over the past three months, with its earnings down -14% year-over-year at $0.18. The company brought a surprise of 0 as analysts were predicting $0.18 per share. The revenue generated by Callon Petroleum Company in the June 2019 quarter surged by 22% to reach $167.05 million. This is high compared to the $137.07 million it recorded in the same quarter last year. To see what traders should watch in its September 2019 financial results, analysts have consensus earnings per share of $0.2 which is lower than the $0.21 recorded in the same quarter a year ago. Over the next 12 months, the earnings per share are expected to move by 41.89%. If it achieves that, then the company firmly believes that its long-term annual earnings growth rate target set at 20.7 % could be achieved. The company has also recorded a revenue of $643.2 million over the past 12 months.
In order to determine if the stock is worthy of your patience, you should know that Callon Petroleum Company (NYSE:CPE) is now trading at 4.4X the earnings per share recorded over the past 12 months. This is a downtrend compared to the readings of the sector which is 9.88X while the industry average stands at 4.46X. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. Callon Petroleum Company was able to achieve an EPS of $0.98 during the last four quarters. The P/E ratio is widely known due to the fact that it is widely used, simple, effective, and, tautologically.
On Thursday, August 15 of 2019, the 14-day Absolute ATR (Average True Range) for CPE moved by $0.38. Over the past seven days, the stock’s average daily volatility stood at 7.53%. A stock with a low volatility is usually a good one as it means that investors are very confident in the stock. Callon Petroleum Company’s trading volume has recently moved to 14.22 million, which is compared with the average daily volume of 12.04 million shares.
The daily chart for CPE, points out that the company has recorded -45% losses over the past six months. However, it is still 5.15% higher than its most recent low trading price. The performance of the stock over the past five days shows that it is down -14.88% though it is -10.87% below its three-week moving average. It is worthy to know that price action is not always clear. There are times when a stock will undergo some negatives, trade erratically within some range or even act very unpredictable. When that happens, then making use of moving averages makes the pattern clearer for traders. Comparing to 50-day SMA, the price of the stock has dropped by -24.59% while it is down -41.93% against the 200-day SMA. This is usually seen as the last support line for a stock, as a move downward could signal a bearish trend or market. The daily chart of CPE reveals that it has lost some grounds as it ended Thursday with a -17.82% fall over the past 30 days.