Key Takeaways From Callon Petroleum Analyst Ratings
Portfolio Pulse from Benzinga Insights
Callon Petroleum (NYSE:CPE) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target has been adjusted downwards to $38.8 from $44.75, reflecting a 13.3% decline. Analysts from Mizuho, Stifel, and Morgan Stanley have adjusted their ratings and price targets, indicating a cautious outlook on the company's performance. Callon Petroleum, engaged in oil and natural gas exploration and production, faces challenges such as a significant revenue decline of -25.91% and below-average profitability metrics.
February 26, 2024 | 6:00 pm
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Callon Petroleum has seen a shift towards neutral analyst ratings and a decrease in its average price target to $38.8, indicating potential challenges ahead.
The downward revision in Callon Petroleum's price target and the mixed analyst ratings reflect growing concerns about the company's financial health and market performance. The significant revenue decline and below-average profitability metrics such as ROE and ROA suggest operational challenges that could impact the stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100