CALLON PETROLEUM CO (CPE) Forecast, Price Target & Analyst Ratings

NYSE:CPE • US13123X5086

Current stock price

35.76 USD
+0.64 (+1.82%)
At close:
35.95 USD
+0.19 (+0.53%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CALLON PETROLEUM CO (CPE).

Forecast Snapshot

Consensus Price Target

Price Target
$43.19
+ 20.79% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 1, 2024
Period
Q1 / 2024
EPS Estimate
$1.36
Revenue Estimate
510.72M
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
71.25%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$43.19
Upside
+ 20.79%
From current price of $35.76 to mean target of $43.19, Based on 16 analyst forecasts
Low
$32.32
Median
$44.88
High
$59.54

Price Target Revisions

1 Month
0.46%
3 Months
-6.30%

Price Target Summary

16 Wall Street analysts provided a forecast for the next 12 months for CPE. The average price target is 43.19 USD. This implies a price increase of 20.79% is expected in the next year compared to the current price of 35.76.
The average price target has been revised downward by 6.3% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CPE Current Analyst RatingCPE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

CPE Historical Analyst RatingsCPE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
71.25%
CPE was analyzed by 16 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about CPE.
In the previous month the buy percentage consensus was at a similar level.
CPE was analyzed by 16 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2024-03-15MizuhoMaintains Neutral -> Neutral
2024-02-26MizuhoMaintains Neutral -> Neutral
2024-01-23StifelDowngrade Buy -> Hold
2024-01-03MizuhoDowngrade Buy -> Neutral
2023-11-30StifelMaintains Buy -> Buy
2023-11-29Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-11-22RBC CapitalMaintains Outperform -> Outperform
2023-10-04RBC CapitalReiterate Outperform -> Outperform
2023-09-18MizuhoMaintains Buy -> Buy
2023-08-18Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-08-16CitigroupUpgrade Neutral -> Buy
2023-08-09RBC CapitalReiterate Outperform -> Outperform
2023-08-09CitigroupMaintains Neutral -> Neutral
2023-08-07Truist SecuritiesMaintains Buy -> Buy
2023-07-18Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2023-07-10RBC CapitalMaintains Outperform -> Outperform
2023-06-30MizuhoMaintains Buy -> Buy
2023-05-22CitigroupMaintains Neutral
2023-05-08Truist SecuritiesMaintains Buy
2023-04-20CitigroupMaintains Neutral
2023-04-19Morgan StanleyMaintains Equal-Weight
2023-04-14StifelMaintains Buy
2023-04-11Truist SecuritiesMaintains Buy
2023-03-27Morgan StanleyMaintains Equal-Weight
2023-03-22RBC CapitalReiterate Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 1, 2024
Period
Q1 / 2024
EPS Estimate
$1.36
Revenue Estimate
510.72M
Revenue Q2Q
-8.81%
EPS Q2Q
-29.80%
Number of Analysts
12

Next Earnings Revisions

Revenue (1 Month)
-3.95%
Revenue (3 Months)
-11.55%
EPS (1 Month)
-8.44%
EPS (3 Months)
-30.58%

Next Earnings Summary

CPE is expected to report earnings on 5/1/2024. The consensus EPS estimate for the next earnings is 1.36 USD and the consensus revenue estimate is 510.72M USD.
The next earnings revenue estimate has been revised downward by 11.55% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2021 2022 2023 2024 2025 2026
Revenue
YoY % growth
CPE revenue by date.CPE revenue by date.
2.045B
97.95%		3.231B
57.99%		2.343B
-27.48%		2.248B
-4.05%		2.404B
6.94%		2.409B
0.21%
EBITDA
YoY % growth
CPE ebitda by date.CPE ebitda by date.
1.362B
127.12%		2.098B
54.05%		1.294B
-38.30%		1.288B
-0.48%		1.442B
11.96%		1.465B
1.60%
EBIT
YoY % growth
CPE ebit by date.CPE ebit by date.
972.984M
718.32%		1.603B
64.78%		758.498M
-52.69%		664.29M
-12.42%		791.59M
19.16%		939.3M
18.66%
Operating Margin
CPE operating margin by date.CPE operating margin by date.
47.58%49.62%32.37%29.55%32.93%38.99%
EPS
YoY % growth
CPE eps by date.CPE eps by date.
8.57
191.50%		14.51
69.31%		7.37
-49.21%		6.29
-14.59%		7.53
19.57%		7.63
1.43%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		1.36
-29.80%		1.34
-32.51%		1.46
-19.54%		1.54
-4.77%		1.63
19.41%		1.60
18.91%		1.75
19.79%		1.88
21.58%
Revenue
Q2Q % growth		510.72M
-8.81%		513.08M
-8.75%		529.91M
-14.43%		546.41M
-9.14%		551.12M
7.91%		554.15M
8.00%		574.69M
8.45%		590.51M
8.07%
EBITDA
Q2Q % growth		309.89M
-0.09%		305.27M
-30.46%		321.18M
-46.22%		332.29M
-53.78%		340.37M
9.84%		344.41M
12.82%		360.91M
12.37%		370M
11.35%
EBIT
Q2Q % growth		161.26M
-12.45%		158.57M
-14.60%		168.33M
-18.00%		177.76M
-3.04%		179.44M
11.27%		176.41M
11.25%		121.54M
-27.80%		198.97M
11.93%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CPE Yearly Revenue VS EstimatesCPE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1B 2B 3B
CPE Yearly EPS VS EstimatesCPE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
1.18%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
2.11%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
27.52%
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CALLON PETROLEUM CO / CPE Forecast FAQ

Can you provide the average price target for CALLON PETROLEUM CO stock?

16 analysts have analysed CPE and the average price target is 43.19 USD. This implies a price increase of 20.79% is expected in the next year compared to the current price of 35.76.

Can you provide the upcoming earnings date for CALLON PETROLEUM CO?

CALLON PETROLEUM CO (CPE) will report earnings on 2024-05-01, after the market close.

What are the consensus estimates for CPE stock next earnings?

The consensus EPS estimate for the next earnings of CALLON PETROLEUM CO (CPE) is 1.36 USD and the consensus revenue estimate is 510.72M USD.

What is the expected long term growth rate for CALLON PETROLEUM CO (CPE)?

The expected long term growth rate for CALLON PETROLEUM CO (CPE) is 2.11%.