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 most optimistic analyst gave a price target of 25, which equates to a potential upside of 116.45 percent. The minimum price target given was 10, which equates to a potential downside 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. 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. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 4 analysts made negative revisions to their fiscal year's estimates.

CPE has a 52-week high of 18.53 and a 52-week low of 9.63. 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 stock has a market capitalization of $2.32 billion. CPE will post this quarters earnings in days, on 0000-00-00.