Analyst Ratings for Callon Petroleum Co. (CPE)

Updated: 2017-07-29

Callon Petroleum Co. (NYSE:CPE) was awarded an average rating of Buy from investment analysts following the stock. CPE had previously received a consensus rating of Buy a month ago.

A buy rating was issued by 19 analysts, 2 issued an overweight rating, 3 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 3. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

CPE was given price targets by several analysts. The highest price target was 25, which equates to a potential upside of 116.45 percent. The most pessimistic analyst gave a price target of 10, implying potential capital losses of -13.42 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -4.17 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -7.69 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -9.17 percent. If we look at the last 90 days instead, we find a net average change of -10.13 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 4 analysts decreased their estimates.

CPE has traded between a high of 18.53 and a low of 9.63 over the past year. Today's price is 19.94 percent above the 52-week low, and below the high by 37.67 percent. CPE has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The CPE value stock report compares CPE to some of its peers using value stock charts. The market cap of CPE is $2.32 billion. CPE's next earnings release will be on 0000-00-00, which is days away.