Recent extremely meaningful negative changes in investment behavior have impacted Callon Petroleum Co/DE (NYSE: CPE): its longer term price trend turned down, and its shorter term price trend turned down.
Callon Petroleum Co/DE (NYSE: CPE) has recently experienced important negative changes in fundamentals: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
CPE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Callon Petroleum Co/DE has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Callon Petroleum Co/DE has a very high Appreciation Score of 96 but a poor Power Rating of 23, producing the High Neutral Value Trend Rating.
Recent Price Action
On 3/1/24, Callon Petroleum Co/DE (NYSE: CPE) stock enjoyed a large increase of 2.2%, closing at $31.86. However, unusually low trading volume at 53% of normal accompanied the advance. The stock has risen 1.9% during the last week but has been weak relative to the market over the last nine months.
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