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NYSE: CPE
Callon Petroleum Co Stock Forecast, Predictions & Price Target

Analyst price target for CPE

Based on 5 analysts offering 12 month price targets for Callon Petroleum Co.
Min Forecast
$38.00-22.7%
Avg Forecast
$55.80+13.51%
Max Forecast
$75.00+52.56%

Should I buy or sell CPE stock?

Based on 5 analysts offering ratings for Callon Petroleum Co.
Buy
Strong Buy
1 analysts 20%
Buy
1 analysts 20%
Hold
3 analysts 60%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CPE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Anonymous
Morgan Stanley
HoldMaintains$78.00+58.67%2021-11-19
Wells Fargo
Top 7%
94
HoldUpgrades$75.00+52.56%2021-11-19
RBC Capital
Top 14%
87
HoldMaintains$70.00+42.39%2021-11-09
Morgan Stanley
Top 20%
81
HoldMaintains$38.00-22.70%2021-08-23
MKM Partners
Top 1%
100
Strong BuyUpgrades$54.00+9.85%2021-07-19
Johnson Rice
Bottom 45%
45
BuyUpgrades$42.00-14.56%2021-03-09

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Forecast return on equity

Is CPE forecast to generate an efficient return?
Company
19.87%
Industry
7.25%
Market
37.06%
CPE's Return on Equity is forecast to be low in 3 years (19.87%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is CPE forecast to generate an efficient return on assets?
Company
3.96%
Industry
3.27%
CPE is forecast to generate higher Return on Assets (3.96%) than the US Oil & Gas E&P industry average (3.27%)
Forecast

CPE earnings per share forecast

What is CPE's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$7.75-169.63%
Avg 2 year Forecast
$11.22-200.81%
Avg 3 year Forecast
$9.83-188.32%

CPE revenue forecast

What is CPE's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$1.8B+8.14%
Avg 2 year Forecast
$2.1B+29.9%
Avg 3 year Forecast
$2.0B+19.88%
CPE's revenue is forecast to grow at a rate of 7.77% per year, which is not exceptional
Forecast

CPE revenue growth forecast

How is CPE forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
7.77%
Industry
18.7%
Market
10.03%
CPE's revenues are forecast to grow slower (7.77% per year) than the US Oil & Gas E&P industry average (18.7%)
Forecast
CPE's revenues are forecast to grow slower (7.77% per year) than the US market average (10.03%)
Forecast

Callon Petroleum Stock Forecast FAQ

Is Callon Petroleum Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NYSE: CPE) stock is to Buy CPE stock.

Out of 5 analysts, 1 (20%) are recommending CPE as a Strong Buy, 1 (20%) are recommending CPE as a Buy, 3 (60%) are recommending CPE as a Hold, 0 (0%) are recommending CPE as a Sell, and 0 (0%) are recommending CPE as a Strong Sell.

What is CPE's earnings growth forecast for 2021-2023?

(NYSE: CPE) Callon Petroleum's forecast annual earnings growth rate of N/A is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 132.27%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

Callon Petroleum's earnings in 2021 is -$425,271,000.On average, 6 Wall Street analysts forecast CPE's earnings for 2021 to be $432,838,639, with the lowest CPE earnings forecast at $416,642,097, and the highest CPE earnings forecast at $449,593,683. On average, 6 Wall Street analysts forecast CPE's earnings for 2022 to be $626,638,649, with the lowest CPE earnings forecast at $579,724,526, and the highest CPE earnings forecast at $649,537,210.

In 2023, CPE is forecast to generate $549,006,945 in earnings, with the lowest earnings forecast at $465,231,725 and the highest earnings forecast at $594,804,066.

What is CPE's revenue growth forecast for 2021-2023?

(NYSE: CPE) Callon Petroleum's forecast annual revenue growth rate of 7.77% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 18.7%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.03%.

Callon Petroleum's revenue in 2021 is $1,647,654,000.On average, 4 Wall Street analysts forecast CPE's revenue for 2021 to be $99,508,039,359, with the lowest CPE revenue forecast at $82,772,710,361, and the highest CPE revenue forecast at $113,934,299,880. On average, 4 Wall Street analysts forecast CPE's revenue for 2022 to be $119,537,019,077, with the lowest CPE revenue forecast at $111,421,043,265, and the highest CPE revenue forecast at $132,755,799,419.

In 2023, CPE is forecast to generate $110,319,510,816 in revenue, with the lowest revenue forecast at $100,865,365,482 and the highest revenue forecast at $123,987,326,340.

What is CPE's forecast return on assets (ROA) for 2021-2024?

(NYSE: CPE) forecast ROA is 3.96%, which is higher than the forecast US Oil & Gas E&P industry average of 3.27%.

What is CPE's Price Target?

According to 5 Wall Street analysts that have issued a 1 year CPE price target, the average CPE price target is $55.80, with the highest CPE stock price forecast at $75.00 and the lowest CPE stock price forecast at $38.00.

On average, Wall Street analysts predict that Callon Petroleum's share price could stay at $55.80 by Nov 19, 2022. The average Callon Petroleum stock price prediction forecasts a potential downside of N/A from the current CPE share price of $49.16.

What is CPE's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: CPE) Callon Petroleum's current Earnings Per Share (EPS) is -$11.13. On average, analysts forecast that CPE's EPS will be $7.75 for 2021, with the lowest EPS forecast at $7.46, and the highest EPS forecast at $8.05. On average, analysts forecast that CPE's EPS will be $11.22 for 2022, with the lowest EPS forecast at $10.38, and the highest EPS forecast at $11.63. In 2023, CPE's EPS is forecast to hit $9.83 (min: $8.33, max: $10.65).

What is CPE's forecast return on equity (ROE) for 2021-2024?

(NYSE: CPE) forecast ROE is 19.87%, which is considered weak.
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