BlackRock Fund Advisors has recently announced that it has increased stake in Callon Petroleum Co. (NYSE:CPE) by 2.34%. After grabbing 8.33 million shares, the institutional investor is now in possession of 0.19 million shares of the Energy Company. The new investment brought the stake of investor firm to 12.28% having worth around $260.34 million. Moreover, The Vanguard Group, Inc. increased its share by 50582.0 to have a control over 6.58 million shares. And SSgA Funds Management, Inc. raised its holdings to 0.22 million shares by acquiring 4.3 million shares or 6.34% of the stake.
Callon Petroleum Co. (CPE) concluded trading on 01/04/24 at a closing price of $34.62, with 15.27 million shares of worth about $528.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.25% during that period and on Thursday the price saw a gain of about 2.88%. Currently the company’s common shares owned by public are about 61.62M shares, out of which, 52.14M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 40 times over the past 12 months. They bought 180,006 shares in 26 of the transactions. In 14 selling transactions, insiders dumped 30,298 shares.
iShares Core S&P Small Cap ETF, SPDR S&P Oil & Gas Exploration &, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Callon Petroleum Co. iShares Core S&P Small Cap ETF is currently holding 3.74 million shares of worth totaling $116.97 million. The company recently came buying 1920.0 shares which brought its stake up to 5.52% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 1.93 million shares, have now control over 2.85% of the stake in the company. It holds 2820.0 shares of worth $60.31 million.
Callon Petroleum Co. (NYSE: CPE) started trading at $35.29, above $1.64 from concluding price of the previous day. However, the stock later moved at a day high price of 35.90, or with a gain of 2.88%. Stock saw a price change of 3.13% in past 5 days and over the past one month there was a price change of 10.96%. Year-to-date (YTD), CPE shares are showing a performance of 6.85% which decreased to -0.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.62 but also hit the highest price of $44.49 during that period. The average intraday trading volume for Callon Petroleum Co. shares is 1.78 million. The stock is currently trading 7.73% above its 20-day simple moving average (SMA20), while that difference is up 3.71% for SMA50 and it goes to -0.29% lower than SMA200.
BlackRock Fund Advisors acquired 8.33 million shares of Callon Petroleum Co. having value of about $260.34 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.19 million shares in the company valued at close to $6588497.58, or have control over 2.34% stake in the company. Callon Petroleum Co. (NYSE: CPE) currently have 61.62M outstanding shares and institutions hold larger chunk of about 79.95% of that. Holding of mutual funds in the company is about 33.29% while other institutional holders and individual stake holders have control over 47.41% and 33.10% of the stake respectively.
The stock has a current market capitalization of $2.35B and its 3Y-monthly beta is at 2.49. PE ratio of stock for trailing 12 months is 4.34, while it has posted earnings per share of $7.98 in the same period. Its PEG reads 0.72 and has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CPE, volatility over the week remained 3.70% while standing at 3.72% over the month.
Analysts are in expectations that Callon Petroleum Co. (CPE) stock would likely to be making an EPS of $CME Group Inc. in the current quarter, while forecast for next quarter EPS is $202.74 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Coeur Mining, Inc. which is $Hewlett Packard Enterprise Comp at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Cenovus Energy Inc in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -49.12% while it is estimated to decrease by -4.86% in next year. EPS is likely to shrink at an annualized rate of 6.00% for next 5-years, compared to annual growth of 28.40% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the Callon Petroleum Co. (CPE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 15 Wall Street analysts, 7 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on January 03, 2024 offering a Neutral rating for the stock and assigned a target price range of between $60 and $40 to it.
