On May 22, 2023, Callon Petroleum Company (NYSE: CPE) opened at $32.30, higher 2.77% from the last session. During the day, the shares moved up to $33.70 and dropped to $32.21 before settling in for the closing price of $32.17. Price fluctuations for CPE have ranged from $28.91 to $64.08 over the past 52 weeks.
It was noted that within the last five years, the titan of the Energy sector saw sales topped by 54.50%. Company’s average yearly earnings per share was noted 169.30% at the time writing. With a float of $60.38 million, this company’s outstanding shares have now reached $61.62 million.
The extent of productivity of a business whose workforce counts for 354 workers is very important to gauge. In terms of profitability, gross margin is +53.81, operating margin of +52.04, and the pretax margin is +37.81.
Callon Petroleum Company (CPE) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Oil & Gas E&P industry is another important factor to consider. The insider ownership of Callon Petroleum Company is 1.84%, while institutional ownership is 86.80%. The most recent insider transaction that took place on May 12, was worth 302,450. In this transaction Director of this company bought 10,000 shares at a rate of $30.25, taking the stock ownership to the 602,824 shares. Before that another transaction happened on May 11, when Company’s Director bought 10,000 for $30.24, making the entire transaction worth $302,400. This insider now owns 592,824 shares in total.
Callon Petroleum Company (CPE) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $1.94 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $2.09) by -$0.15. This company achieved a net margin of +37.44 while generating a return on equity of 48.87. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 169.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to 28.40% growth over the previous five years of trading.
Callon Petroleum Company (NYSE: CPE) Trading Performance Indicators
Check out the current performance indicators for Callon Petroleum Company (CPE). In the past quarter, the stock posted a quick ratio of 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.69. Likewise, its price to free cash flow for the trailing twelve months is 4.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 22.48, a number that is poised to hit 2.33 in the next quarter and is forecasted to reach 11.32 in one year’s time.
Technical Analysis of Callon Petroleum Company (CPE)
The latest stats from [Callon Petroleum Company, CPE] show that its last 5-days average volume of 1.07 million was inferior to 1.49 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 67.72%. Additionally, its Average True Range was 1.65.
During the past 100 days, Callon Petroleum Company’s (CPE) raw stochastic average was set at 26.64%, which indicates a significant decrease from 62.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.23% in the past 14 days, which was lower than the 56.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.14, while its 200-day Moving Average is $38.45. Now, the first resistance to watch is $33.77. This is followed by the second major resistance level at $34.48. The third major resistance level sits at $35.26. If the price goes on to break the first support level at $32.28, it is likely to go to the next support level at $31.50. The third support level lies at $30.79 if the price breaches the second support level.
Callon Petroleum Company (NYSE: CPE) Key Stats
There are currently 61,870K shares outstanding in the company with a market cap of 2.07 billion. Presently, the company’s annual sales total 3,231 M according to its annual income of 1,210 M. Last quarter, the company’s sales amounted to 560,050 K and its income totaled 220,640 K.