What Are The Chances Of Callon Petroleum Company. (CPE) Being A Good Investment?
Callon Petroleum Company (NYSE:CPE) has a beta value of 3.45 and has seen 0.61 million shares traded in the recent trading session. The company, currently valued at $2.23B, closed the recent trade at $51.16 per share which meant it gained $2.2 on the day or 4.49% during that session. The CPE stock price is -2.62% off its 52-week high price of $52.50 and 91.2% above the 52-week low of $4.50. If we look at the companys 10-day average daily trading volume, we find that it stood at 1.35 million shares traded. The 3-month trading volume is 2.05 million shares. The consensus among analysts is that Callon Petroleum Company (CPE) is a Hold stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 12 out of 15 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $1.56. Callon Petroleum Company (NYSE:CPE) trade information  Sporting 4.49% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 06/11/21 when the CPE stock price touched $51.16 or saw a rise of 2.55%. Year-to-date, Callon Petroleum Company shares have moved 272.04%, while the 5-day performance has seen it change 2.51%. Over the past 30 days, the shares of Callon Petroleum Company (NYSE:CPE) have changed 31.40%. Short interest in the company has seen 7.69 million shares shorted with days to cover at 4.02. Wall Street analysts have a consensus price target for the stock at $44.45, which means that the shares value could drop -15.1% from the levels at last check today. The projected low price target is $35.00 while the price target rests at a high of $54.00. In that case, then, we find that the latest price level in todays session is -5.55% off the targeted high while a plunge would see the stock lose 31.59% from the levels at last check today. Callon Petroleum Company (CPE) estimates and forecasts  Figures show that Callon Petroleum Company shares have outperformed across the wider relevant industry. The companys shares have gained 249.71% over the past 6 months, with this year growth rate of 129.72%, compared to -0.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 1,460.00% and 259.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 35.30%. 6 analysts offering their estimates for the company have set an average revenue estimate of $331.3 million for the current quarter. 6 have an estimated revenue figure of $360.62 million for the next quarter concluding in Sep 2021. Year-ago sales stood $157.23 million and $290.03 million respectively for this quarter and the next, and analysts expect sales will grow by 110.70% for the current quarter and 24.30% for the next. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -11.10% over the past 5 years. Earnings growth for 2021 is a modest 150.70% while over the next 5 years, the companys earnings are expected to increase by 2.00%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  CPE Dividends  Callon Petroleum Company is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the companys debt issue. Callon Petroleum Company (NYSE:CPE)s Major holders  Insiders own 2.41% of the company shares, while shares held by institutions stand at 68.13% with a share float percentage of 69.81%. Investors are also buoyed by the number of investors in a company, with Callon Petroleum Company having a total of 197 institutions that hold shares in the company. The top two institutional holders are Kimmeridge Energy Management Company, LLC with over 5.59 million shares worth more than $215.33 million. As of Mar 30, 2021, Kimmeridge Energy Management Company, LLC held 12.07% of shares outstanding. The other major institutional holder is Blackrock Inc., with the holding of over 5.33 million shares as of Mar 30, 2021. The firms total holdings are worth over $205.54 million and represent 11.52% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are iShares Core S&P Smallcap ETF and SPDR (R) Ser Tr-SPDR (R) S&P (R) Oil & Gas Explor & Prod ETF. As of Mar 30, 2021, the former fund manager holds about 6.64% shares in the company for having 3.07 million shares of worth $118.46 million while later fund manager owns 2.77 million shares of worth $106.95 million as of Mar 30, 2021, which makes it owner of about 6.00% of companys outstanding stock.