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.

A number of analysts gave price targets for CPE. The most optimistic analyst gave a price target of 25, implying a possible profit of 116.45 percent. The most pessimistic analyst gave a price target of 10, implying potential capital losses of -13.42 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -4.17 percent on average, compared to last month. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 4 analysts decreased their estimates.

In the last 52-weeks, CPE has achieved a high of 18.53 and a low of 9.63. Currently the stock is 19.94 percent higher than its low, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.