Callon Petroleum Co/DE (NYSE: CPE). Extremely significant negative changes in investment behavior have recently occurred: its longer term price trend turned down, and its shorter term price trend turned down.
Notable negative changes in Callon Petroleum Co/DE (NYSE: CPE) fundamentals have recently occurred: 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Callon Petroleum Co/DE has a very high Appreciation Score of 95 but a poor Power Rating of 28, producing the High Neutral Value Trend Rating.
Recent Price Action
Callon Petroleum Co/DE (NYSE: CPE) stock enjoyed a large increase of 2.4% on 2/27/24. The stock closed at $31.56. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.7% during the last week.
Be the first to comment