Callon Petroleum Company [CPE] is -75.57% lower this YTD. Is it still time to buy?

Callon Petroleum Company [NYSE: CPE] loss -4.84% or -0.06 points to close at $1.18 with a heavy trading volume of 12109225 shares. The company report on July 24, 2020 that Callon Petroleum Company Schedules Second Quarter 2020 Conference Call for August 5, 2020.

Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its second quarter 2020 financial and operating results.

Webcast: .

It opened the trading session at $1.20, the shares rose to $1.21 and dropped to $1.15, the range by which the price of stock traded the whole day. The daily chart for CPE points out that the company has recorded -61.81% loss over the past six months. However, it is still -210.53% lower than its most recent low trading price.

If we look at the average trading volume of 39.10M shares, CPE reached to a volume of 12109225 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Callon Petroleum Company [CPE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CPE shares is $1.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CPE stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Callon Petroleum Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 28, 2020. The new note on the price target was released on May 14, 2020, representing the official price target for Callon Petroleum Company stock.

The Average True Range (ATR) for Callon Petroleum Company is set at 0.11, with the Price to Sales ratio for CPE stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 0.14, with the Price to Cash per share for the same quarter was set at 0.04.

Trading performance analysis for CPE stock

Callon Petroleum Company [CPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.09. With this latest performance, CPE shares gained by 2.61% in over the last four-week period, additionally sinking by -61.81% over the last 6 months – not to mention a drop of -76.02% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CPE stock in for the last two-week period is set at 51.24, with the RSI for the last a single of trading hit 44.89, and the three-weeks RSI is set at 49.57 for Callon Petroleum Company [CPE]. The present Moving Average for the last 50 days of trading for this stock 1.1966, while it was recorded at 1.2700 for the last single week of trading, and 2.2933 for the last 200 days.

Callon Petroleum Company [CPE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Callon Petroleum Company [CPE] shares currently have an operating margin of +36.78 and a Gross Margin at +44.04. Callon Petroleum Company’s Net Margin is presently recorded at +10.11.

Return on Total Capital for CPE is now 4.88, given the latest momentum, and Return on Invested Capital for the company is 1.35. Return on Equity for this stock inclined to 2.40, with Return on Assets sitting at 1.21. When it comes to the capital structure of this company, Callon Petroleum Company [CPE] has a Total Debt to Total Equity ratio set at 101.33. Additionally, CPE Total Debt to Total Capital is recorded at 50.33, with Total Debt to Total Assets ending up at 44.99. Long-Term Debt to Equity for the company is recorded at 100.00, with the Long-Term Debt to Total Capital now at 49.67.

Reflecting on the efficiency of the workforce at the company, Callon Petroleum Company [CPE] managed to generate an average of $143,006 per employee. Receivables Turnover for the company is 3.94 with a Total Asset Turnover recorded at a value of 0.12.Callon Petroleum Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Callon Petroleum Company [CPE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Callon Petroleum Company posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CPE.

An analysis of insider ownership at Callon Petroleum Company [CPE]

There are presently around $403 million, or 87.60% of CPE stock, in the hands of institutional investors. The top three institutional holders of CPE stocks are: BLACKROCK INC. with ownership of 59,342,339, which is approximately -3.383% of the company’s market cap and around 2.00% of the total institutional ownership; VANGUARD GROUP INC, holding 42,095,485 shares of the stock with an approximate value of $49.67 million in CPE stocks shares; and STATE STREET CORP, currently with $37.82 million in CPE stock with ownership of nearly 25.327% of the company’s market capitalization.

Positions in Callon Petroleum Company stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 94 institutional holders increased their position in Callon Petroleum Company [NYSE:CPE] by around 45,905,085 shares. Additionally, 197 investors decreased positions by around 148,781,569 shares, while 33 investors held positions by with 146,462,375 shares. The mentioned changes placed institutional holdings at 341,149,029 shares, according to the latest SEC report filing. CPE stock had 27 new institutional investments in for a total of 7,715,000 shares, while 99 institutional investors sold positions of 83,381,744 shares during the same period.

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