Wednesday, November 25, 2020

Market cap of Callon Petroleum Company [CPE] reaches 204.22M – now what?

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Callon Petroleum Company [NYSE: CPE] stock went on a downward path that fall over -0.21% on Thursday, amounting to a one-week price decrease of less than -12.43%. The company report on October 13, 2020 that Callon Petroleum Company Schedules Third Quarter 2020 Conference Call for November 3, 2020.

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


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Over the last 12 months, CPE stock dropped by -87.76%. The average equity rating for CPE stock is currently 3.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $204.22 million, with 39.71 million shares outstanding and 38.65 million shares in the current float. Compared to the average trading volume of 2.68M shares, CPE stock reached a trading volume of 2053939 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Callon Petroleum Company [CPE]:

Wells Fargo have made an estimate for Callon Petroleum Company shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 25, 2020. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on May 28, 2020, representing the official price target for Callon Petroleum Company stock.

The Average True Range (ATR) for Callon Petroleum Company is set at 0.42, 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 0.10, with the Price to Cash per share for the same quarter was set at 0.18.

CPE Stock Performance Analysis:

Callon Petroleum Company [CPE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.43. With this latest performance, CPE shares dropped by -20.20% in over the last four-week period, additionally plugging by 10.45% over the last 6 months – not to mention a drop of -87.76% 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 39.03, with the RSI for the last a single of trading hit 40.90, and the three-weeks RSI is set at 38.64 for Callon Petroleum Company [CPE]. The present Moving Average for the last 50 days of trading for this stock 6.44, while it was recorded at 4.97 for the last single week of trading, and 13.52 for the last 200 days.

Insight into Callon Petroleum Company 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.

CPE Stock EPS

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.

Callon Petroleum Company [CPE] Insider Position Details

There are presently around $92 million, or 48.00% 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 1.90% of the total institutional ownership; VANGUARD GROUP INC, holding 3,212,560 shares of the stock with an approximate value of $15.61 million in CPE stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $5.2 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 71 institutional holders increased their position in Callon Petroleum Company [NYSE:CPE] by around 3,804,149 shares. Additionally, 162 investors decreased positions by around 18,771,823 shares, while 28 investors held positions by with 3,546,072 shares. The mentioned changes placed institutional holdings at 19,029,900 shares, according to the latest SEC report filing. CPE stock had 33 new institutional investments in for a total of 2,082,486 shares, while 80 institutional investors sold positions of 5,534,981 shares during the same period.

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