What 5 Analyst Ratings Have To Say About Callon Petroleum
Portfolio Pulse from Benzinga Insights
Callon Petroleum (NYSE:CPE) has received mixed analyst ratings over the past three months, with 1 bullish, 1 somewhat bullish, and 3 indifferent. The average 12-month price target for CPE has been lowered to $39.6, a 16.19% decrease from the previous target of $47.25. Analysts from Stifel, Mizuho, Morgan Stanley, and RBC Capital have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Callon Petroleum operates in the oil and natural gas sector, with a focus on the Permian Basin. The company's financial performance shows challenges in revenue growth, profitability, and asset utilization, but a sound debt-to-equity ratio.
January 23, 2024 | 12:00 pm
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NEGATIVE IMPACT
Callon Petroleum's average 12-month price target has been reduced to $39.6, indicating a negative sentiment among analysts. The company faces revenue and profitability challenges, which may impact investor confidence.
The reduction in the average price target for Callon Petroleum by analysts suggests a bearish outlook, which could lead to a decrease in stock price in the short term. The reported financial challenges, such as a decline in revenue and below-average profitability metrics, may further dampen investor sentiment. However, the sound debt management could provide some support to the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100