Thursday, October 29, 2020

Callon Petroleum Company [CPE] fell -89.13% so far this year. What now?

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Callon Petroleum Company [NYSE: CPE] jumped around 0.22 points on Thursday, while shares priced at $5.25 at the close of the session, up 4.37%.

Callon Petroleum Company stock is now -89.13% down from its year-to-date (YTD) trading value. CPE Stock saw the intraday high of $5.4087 and lowest of $4.80 per share. The company’s 52-week high price is 49.80, which means current price is +38.16% above from all time high which was touched on 01/03/20.

Compared to the average trading volume of 2.54M shares, CPE reached a trading volume of 3103339 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Callon Petroleum Company [CPE]?

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 0.54, with the Price to Sales ratio for CPE stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 0.11, with the Price to Cash per share for the same quarter was set at 0.19.

How has CPE stock performed recently?

Callon Petroleum Company [CPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.21. With this latest performance, CPE shares dropped by -28.57% in over the last four-week period, additionally sinking by -21.12% over the last 6 months – not to mention a drop of -88.59% 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 32.24, with the RSI for the last a single of trading hit 35.78, and the three-weeks RSI is set at 35.74 for Callon Petroleum Company [CPE]. The present Moving Average for the last 50 days of trading for this stock 8.59, while it was recorded at 5.40 for the last single week of trading, and 16.59 for the last 200 days.

Callon Petroleum Company [CPE]: Deeper insight into the fundamentals

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 0.30 and a Current Ratio set at 0.30.

Earnings analysis for Callon Petroleum Company [CPE]

With the latest financial reports released by the company, Callon Petroleum Company posted 1.9/share EPS, while the average EPS was predicted by analysts to be reported at 1.76/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.00%. 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.

Insider trade positions for Callon Petroleum Company [CPE]

There are presently around $102 million, or 48.10% of CPE stock, in the hands of institutional investors. The top three institutional holders of CPE stocks are: BLACKROCK INC. with ownership of 3,854,231, which is approximately -35.051% of the company’s market cap and around 2.00% of the total institutional ownership; VANGUARD GROUP INC, holding 3,212,560 shares of the stock with an approximate value of $16.87 million in CPE stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $5.62 million in CPE stock with ownership of nearly New of the company’s market capitalization.

Positions in Callon Petroleum Company stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 75 institutional holders increased their position in Callon Petroleum Company [NYSE:CPE] by around 3,868,984 shares. Additionally, 166 investors decreased positions by around 19,247,995 shares, while 31 investors held positions by with 3,779,478 shares. The mentioned changes placed institutional holdings at 19,337,501 shares, according to the latest SEC report filing. CPE stock had 36 new institutional investments in for a total of 2,145,045 shares, while 78 institutional investors sold positions of 5,503,490 shares during the same period.

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