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.

Investment analysts gave a few price targets for CPE. The most optimistic price target was 25, implying potential capital gains of 116.45 percent. The minimum price target given was 10, implying a possible loss of -13.42 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -4.17 percent on average, compared to last month. The average change in earnings estimates over the last 90 days 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 5 analysts that decreased their estimates. 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. The current market price is above the trailing year's low by 19.94 percent, 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 will post this quarters earnings in days, on 0000-00-00.