During the last three months, 4 analysts shared their evaluations of Callon Petroleum (NYSE:CPE), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 0 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $36.25, along with a high estimate of $40.00 and a low estimate of $32.00. Highlighting a 10.87% decrease, the current average has fallen from the previous average price target of $40.67.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Callon Petroleum is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nitin Kumar | Mizuho | Lowers | Neutral | $35.00 | $38.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $38.00 | $40.00 |
| Derrick Whitfield | Stifel | Lowers | Hold | $32.00 | $44.00 |
| Nitin Kumar | Mizuho | Announces | Neutral | $40.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Callon Petroleum. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Callon Petroleum compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Callon Petroleum's stock. This examination reveals shifts in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Callon Petroleum's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Callon Petroleum analyst ratings.
Get to Know Callon Petroleum Better
Callon Petroleum Company engages in the exploration, development, acquisition, and production of crude oil, natural gas, and NGLs. Activities are conducted in the Permian Basin region of West Texas and southeastern New Mexico. Callon relies heavily on the latest horizontal production techniques to extract hydrocarbon products from its assets, with crude oil accounting for over half of production. Historically, a handful of marketing and trading companies have accounted for the majority of the sales for Callon's oil and gas production. Assets are acquired through the drilling of emerging zones on existing acreage but also by acquiring additional locations through leasehold purchases, leasing programs, joint ventures, and asset swaps.
Callon Petroleum: Delving into Financials
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Callon Petroleum faced challenges, resulting in a decline of approximately -14.61% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Energy sector.
Net Margin: Callon Petroleum's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 28.1%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Callon Petroleum's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 4.3%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Callon Petroleum's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 2.51%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Callon Petroleum's debt-to-equity ratio is below the industry average. With a ratio of 0.48, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Basics of Analyst Ratings
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.