RBC Capital Mkts raised the price target for the Callon Petroleum Company (NYSE:CPE) stock from “a Sector perform” to “an Outperform”. The rating was released on July 06, 2022, according to finviz. The research report from Truist has upgraded the stock from Hold to Buy, with a price target set at $100. The stock was downgraded by JP Morgan, who disclosed in a research note on January 21, 2022, from Neutral to Underweight and set the price objective to $62. In their research brief published November 19, 2021, Wells Fargo analysts upgraded the Callon Petroleum Company stock from Underweight to Equal Weight with a price target of $75.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Callon Petroleum Company (NYSE:CPE) dipped -12.75% to close Thursday’s market session at $37.22, lower as compared to yesterday’s close. The stock price fluctuated between $37.04 and $39.70 throughout the trading session with the volume trading being 3166645 shares, which represented a significant variation when compared to the three months average volume of 2.02 million shares. The firm’s stock price fluctuated -17.10% within the last five trades and 2.08% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -30.42% in the last 6 months and -32.67% was subtracted to its value over the previous 3 months. CPE stock is trading at a margin of -9.09%, -20.65% and -28.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, CPE deals in the Energy domain. The stock is trading -44.01 percent below its 52-week high and 47.00 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -12.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Callon Petroleum Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 51.20 percent and the profit margin is 19.70 percent, and the company has reported a gross margin of 74.80 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.23 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Callon Petroleum Company (NYSE:CPE) is 4.42. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 2.18. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.90 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.20, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.40 percent of Callon Petroleum Company shares are owned by insiders, and 71.00 percent are held by financial institutions. Kimmeridge Energy Management C, the 10% Owner at Callon Petroleum Company (CPE) has sold 6,500,000 shares of firm on Jun 01 at a price of $56.65 against the total amount of $368.23 million. In another inside trade, Blackstone Holdings III L.P., Former 10% Owner of Callon Petroleum Company (NYSE:CPE) sold 200,000 shares of the firm on Apr 18 for a total worth of $12.4 million at a price of $62.00. An inside trade which took place on Apr 18, Former 10% Owner of Callon Petroleum Company BPP HoldCo LLC sold 200,000 shares of firm against total price of $12.4 million at the cost of $62.00 per share.