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.

Many analysts weighed in on price targets for CPE. The maximum price target given was 25, implying potential capital gains of 116.45 percent. The most pessimistic price target was 10, implying a possible loss 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. That number becomes -7.69 percent if we expand the time horizon to include the past 3 months instead of just one. 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. Over the past month, 3 analysts increased their quarterly estimates, while 5 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 4 analysts that revised their FY estimates downwards.

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 37.67 percent lower than its 52-week high. CPE has a price/earnings 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.