Callon Petroleum Company [CPE] Is Currently 2.75 below its 200 Period Moving Avg: What Dose This Mean?

Callon Petroleum Company [NYSE: CPE] gained 2.75% or 1.35 points to close at $50.43 with a heavy trading volume of 1821832 shares. The company report on September 2, 2021 that Callon Petroleum Company Announces Participation in Upcoming Conferences.

Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) announced that senior management plans to participate in the following upcoming investor events:.

Barclays’ 2021 CEO Energy-Power Virtual Conference.

It opened the trading session at $49.35, the shares rose to $50.91 and dropped to $49.02, the range by which the price of stock traded the whole day. The daily chart for CPE points out that the company has recorded 33.13% gains over the past six months. However, it is still -1020.67% lower than its most recent low trading price.

If we look at the average trading volume of 1.73M shares, CPE reached to a volume of 1821832 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 $45.60 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 2.80. 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 July 19, 2021. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $44 to $54. The new note on the price target was released on June 10, 2021, representing the official price target for Callon Petroleum Company stock.

The Average True Range (ATR) for Callon Petroleum Company is set at 2.71, with the Price to Sales ratio for CPE stock in the period of the last 12 months amounting to 1.60. The Price to Book ratio for the last quarter was 3.08, with the Price to Cash per share for the same quarter was set at 0.09. Price to Free Cash Flow for CPE in the course of the last twelve months was 25.83 with Quick ratio for the last quarter at 0.30.

Trading performance analysis for CPE stock

Callon Petroleum Company [CPE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.10. With this latest performance, CPE shares gained by 49.60% in over the last four-week period, additionally plugging by 33.13% over the last 6 months – not to mention a rise of 948.44% 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 76.93, with the RSI for the last a single of trading hit 84.22, and the three-weeks RSI is set at 70.04 for Callon Petroleum Company [CPE]. The present Moving Average for the last 50 days of trading for this stock 35.81, while it was recorded at 48.65 for the last single week of trading, and 34.18 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 +11.51 and a Gross Margin at +16.14. Callon Petroleum Company’s Net Margin is presently recorded at -245.23.

Return on Total Capital for CPE is now 2.33, given the latest momentum, and Return on Invested Capital for the company is -49.90. Return on Equity for this stock declined to -128.80, with Return on Assets sitting at -43.60. When it comes to the capital structure of this company, Callon Petroleum Company [CPE] has a Total Debt to Total Equity ratio set at 423.35. Additionally, CPE Total Debt to Total Capital is recorded at 80.89, with Total Debt to Total Assets ending up at 68.99. Long-Term Debt to Equity for the company is recorded at 421.50, with the Long-Term Debt to Total Capital now at 80.54.

Reflecting on the efficiency of the workforce at the company, Callon Petroleum Company [CPE] managed to generate an average of -$8,361,785 per employee. Receivables Turnover for the company is 6.03 with a Total Asset Turnover recorded at a value of 0.18.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.

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

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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Callon Petroleum Company go to 8.00%.

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

There are presently around $1,808 million, or 79.00% of CPE stock, in the hands of institutional investors. The top three institutional holders of CPE stocks are: BLACKROCK INC. with ownership of 6,867,533, which is approximately 28.805% of the company’s market cap and around 1.80% of the total institutional ownership; KIMMERIDGE ENERGY MANAGEMENT COMPANY, LLC, holding 5,585,654 shares of the stock with an approximate value of $281.69 million in CPE stocks shares; and STATE STREET CORP, currently with $182.35 million in CPE stock with ownership of nearly 4.428% of the company’s market capitalization.

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Positions in Callon Petroleum Company stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 137 institutional holders increased their position in Callon Petroleum Company [NYSE:CPE] by around 7,221,378 shares. Additionally, 58 investors decreased positions by around 2,125,572 shares, while 24 investors held positions by with 26,496,042 shares. The mentioned changes placed institutional holdings at 35,842,992 shares, according to the latest SEC report filing. CPE stock had 74 new institutional investments in for a total of 2,229,876 shares, while 19 institutional investors sold positions of 857,904 shares during the same period.

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