What Analysts Are Saying About Callon Petroleum Stock
Portfolio Pulse from Benzinga Insights
Analysts have a neutral outlook on Callon Petroleum (NYSE:CPE), with all four recent ratings being indifferent. The 12-month price target averages $36.25, down from $40.67, indicating a 10.87% decrease. Analysts from Mizuho and Stifel have adjusted their price targets and ratings, reflecting concerns over Callon's financial performance, including a -14.61% revenue decline, below-average net margin, ROE, and ROA, but a healthier debt-to-equity ratio compared to the industry.
March 15, 2024 | 12:01 pm
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Callon Petroleum's stock may face short-term pressure due to the neutral analyst ratings and the downward revision of the 12-month price target. The reported revenue decline and below-average profitability metrics could concern investors, although a healthier debt-to-equity ratio may offer some support.
The unanimous neutral outlook from analysts, combined with a significant decrease in the average price target, suggests a cautious view on Callon Petroleum's future stock performance. The financial challenges highlighted, such as the revenue decline and below-average profitability, are likely to dampen investor sentiment in the short term. However, the company's lower reliance on debt financing, as indicated by its debt-to-equity ratio, may mitigate some concerns and provide a slight buffer against negative market reactions.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100