Callon Petroleum Company (CPE), a Energy Oil & Gas E&P business, saw its stock trade 3.2000 common shares, a rise when compared to its 10-day trading volume of 16.56M.
Callon Petroleum Company (CPE) stock is quoted at $3.2000, up 0.24 cents or +8.11% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking profits.
Total Revenue for Callon Petroleum Company (CPE) is $594.07M, Gross Profit is $482.69M and the EBITDA is $539.43M.
Callon Petroleum Company (CPE) Technical Details:
The average 10-day trading volume of Callon Petroleum Company (CPE) is 16.56M compared to 17.43M over the last 3 months which indicates decrease in trading activity. At the time of writing, Callon Petroleum Company (CPE) has a 50-day moving average of $4.0900 and a 200-day moving average of $4.2381. These moving averages are popular technical statistics that investors use to analyze price trends of Callon Petroleum Company (CPE).
Approximately 19.95% of the shares of the company are sold short from traders betting the stock may trade lower. The beta value on Callon Petroleum Company (CPE) stock is 1.58, indicating its 5.48% to 5.17% more volatile than the overall marketplace.
Technically, CPEs short term resistance levels are $5.58, $5.32 and $4.96 on the upside.
Based on technical analysis, CPE has short term rating of Bearish (-0.43), Intermediate rating of Bearish (-0.44) and the long-term rating of Neutral (0.01) giving it an overall rating of Bearish (-0.28).
CPE is trading 9.89% off its 52 week low at $2.87 and -63.11% off its 52 week high of $8.55. Performance wise, CPE stock has recently shown investors -8.36% decrease in a week, -38.72% decrease in a month and -25.25% decrease in the past quarter.
More importantly, Callon Petroleum Company (CPE) has shown a return of -38.72% since the first of the year.
Callon Petroleum Company (CPE) Key Statistics:
Callon Petroleum Company (CPE) is a small-cap company with a market cap value of $1.268B. CPE insiders hold roughly 2.02% of the shares.
On Jan-22-20 Credit Suisse Downgrade CPE as Outperform → Neutral, On Jan-23-20 Credit Suisse Downgrade CPE as Outperform → Neutral and on Feb-05-20 Barclays Downgrade CPE as Overweight → Equal Weight at $4.
There are currently 394.86M shares in the float and 408.60M shares outstanding. There are 19.95% shares short in CPEs float.
The industry rank for Callon Petroleum Company (CPE) is 111 out of 255 ranking it at the Top 44% .
Callon Petroleum Company (CPE) Fundamental Research:
CPE last 2 years revenues have increased from $587,624 to $637,372 showing an uptrend.
Wall Street expects Callon Petroleum Company (CPE) to report an EPS next Qtr profit of 0.19 and a profit of 53.36% next year.
The growth rate on CPE this year is -9.76 compared to an industry -15.80. However, CPEs next year’s growth rate is 50.00 compared to an industry 5.20.
The book value per share (mrq) is 10.81 and cash per share (mrq) is 0.03. Giving them a price/book (mrq) of 0.27 compared to an industry of 0.69 and CPEs price/cash flow (mrfy) is 1.81 compared to an industry of 1.83.
CPE fundamental ratios shows an EPS growth vs. previous year 0.74 and EPS growth vs. previous quarter 0.16.
About Callon Petroleum Company (CPE):
Headquartered in Houston, TX, Callon Petroleum Company is solely focused on exploration, and production of oil and gas resources in the Permian Basin. Among the three major sub basins of Permian, — Midland Basin, Delaware Basin and Central Basin Platform — Callon Petroleum has strong footprint in the Midland and Delaware Basins.Formed in 1950, Callon Petroleum entered the Delaware Basin in February 2017. This helped the company increase net proved reserves by 74% year over year to 238.5 million barrels of oil equivalent (MMBoe) at the end of 2018. Of the total net proved reserves, 76% was crude oil. In 2018, the company made various acquisitions to expand its footprint in the Delaware Basin. The company, inclusive of the acquisition, has around 84,705 net acres in the Permian basin.In April, 2019, Callon Petroleum agreed to divest certain non-core assets in the Midland Basin. The assets include Ranger operating area in the southern Midland Basin, which comprises net Wolfcamp acreage of about 9,850. It also includes more than 80 producing horizontal wells that have been drilled since 2012 and 70 net as well as delineated locations that surpass an internal rate of return of more than 25% at strip pricing. Notably, on Jul 15, 2019, Callon Petroleum struck an all-stock $3.2-billion deal to acquire Carrizo Oil & Gas. The combined company is expected to have around 200,000 net acres in the Permian Basin and Eagle Ford shale, once the deal closes during fourth-quarter 2019.Also, in the first quarter of 2019, Callon Petroleum completed a strategic deal that augmented the net acreage of Callon Petroleum’s Midland Basin leasehold position by about 167 acres. The deal has strengthened the company’s adjacent position in northwest Howard County through the addition of two incremental long-lateral drilling spacing units (DSUs) in exchange for low working interest properties in Midland County.