Callon Petroleum (CPE) Stock Forecast, Price Target & Predictions
CPE Stock Forecast
Callon Petroleum stock forecast is as follows: an average price target of $74.33 (represents a 107.86% upside from CPE’s last price of $35.76) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
CPE Price Target
The average price target for Callon Petroleum (CPE) is $74.33 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $94.00 to $50.00. This represents a potential 107.86% upside from CPE's last price of $35.76.
CPE Analyst Ratings
According to 6 Wall Street analysts, Callon Petroleum's rating consensus is 'Buy'. The analyst rating breakdown for CPE stock is 0 'Strong Buy' (0.00%), 4 'Buy' (66.67%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Callon Petroleum Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 06, 2023 | Scott Hanold | RBC Capital | $50.00 | $33.27 | 50.29% | 39.82% |
| Jul 13, 2022 | Truist Financial | $94.00 | $36.74 | 155.85% | 162.86% | |
| Jun 19, 2022 | Neal Dingmann | Truist Financial | $101.00 | $46.03 | 119.42% | 182.44% |
| Apr 22, 2022 | Morgan Stanley | $79.00 | $58.65 | 34.70% | 120.92% | |
| Mar 08, 2022 | Neal Dingmann | Truist Financial | $100.00 | $60.98 | 63.99% | 179.64% |
The latest Callon Petroleum stock forecast, released on Oct 06, 2023 by Scott Hanold from RBC Capital, set a price target of $50.00, which represents a 50.29% increase from the stock price at the time of the forecast ($33.27), and a 39.82% increase from CPE last price ($35.76).
Callon Petroleum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $50.00 |
| Last Closing Price | $35.76 | $35.76 | $35.76 |
| Upside/Downside | -100.00% | -100.00% | 39.82% |
In the current month, the average price target of Callon Petroleum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Callon Petroleum's last price of $35.76. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 06, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Aug 16, 2023 | Citigroup | Buy | Upgrade | |
| Jul 10, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Dec 05, 2022 | BTIG | Buy | Upgrade | |
| Dec 05, 2022 | Morgan Stanley | Equal-Weight | Downgrade | |
| Jul 06, 2022 | RBC Capital | Outperform | Upgrade | |
| Apr 26, 2022 | Zacks Investment Research | Hold | Downgrade | |
| Apr 26, 2022 | Roth Capital | Buy | Upgrade |
Callon Petroleum's last stock rating was published by RBC Capital on Oct 06, 2023. The company gave CPE a "Outperform" rating, the same as its previous rate.
Callon Petroleum Financial Forecast
Callon Petroleum Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $601.36M | $109.10M | $562.28M | $560.05M | $704.25M | $835.88M | $913.62M | $777.22M | $692.19M | $552.56M | $440.40M | $359.88M | $294.81M | $290.03M | $157.23M | $289.92M | $196.09M | $155.38M |
| Avg Forecast | $2.41B | $2.26B | $2.10B | $1.95B | $591.00M | $578.00M | $561.00M | $559.00M | $611.40M | $591.85M | $573.73M | $581.52M | $593.70M | $599.76M | $561.08M | $531.59M | $620.24M | $691.98M | $716.80M | $578.96M | $533.79M | $419.75M | $303.20M | $270.09M | $261.31M | $248.32M | $216.08M | $306.33M | $186.38M | $152.51M |
| High Forecast | $2.72B | $2.55B | $2.38B | $2.21B | $667.21M | $652.54M | $633.34M | $631.09M | $690.24M | $668.17M | $641.56M | $671.55M | $675.59M | $649.00M | $633.43M | $600.14M | $700.23M | $781.21M | $809.24M | $653.62M | $602.62M | $473.88M | $342.30M | $304.92M | $295.01M | $280.34M | $243.95M | $345.84M | $210.41M | $172.18M |
| Low Forecast | $2.10B | $1.97B | $1.84B | $1.70B | $515.49M | $504.15M | $489.32M | $487.58M | $533.28M | $516.23M | $496.46M | $490.05M | $504.85M | $536.45M | $489.39M | $463.67M | $541.00M | $603.56M | $625.22M | $504.98M | $465.59M | $366.12M | $264.46M | $235.58M | $227.93M | $216.59M | $188.48M | $267.19M | $162.57M | $133.03M |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 5 | 7 | 7 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.18% | 1.00% | 1.05% | 1.14% | 1.21% | 1.27% | 1.34% | 1.30% | 1.32% | 1.45% | 1.33% | 1.13% | 1.17% | 0.73% | 0.95% | 1.05% | 1.02% |
Callon Petroleum's average Quarter revenue forecast for Mar 24 based on 5 analysts is $581.52M, with a low forecast of $490.05M, and a high forecast of $671.55M. CPE's average Quarter revenue forecast represents a -3.30% decrease compared to the company's last Quarter revenue of $601.36M (Dec 23).
Callon Petroleum EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 5 | 7 | 7 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $338.75M | $109.10M | $-89.52M | $316.57M | $455.59M | $560.57M | $605.18M | $520.08M | $403.98M | $291.94M | $95.59M | $14.07M | $-471.73M | $-655.32M | $-1.49B | $301.09M | $-17.00M | $74.47M |
| Avg Forecast | $1.55B | $1.45B | $1.35B | $1.26B | $379.86M | $371.51M | $360.58M | $359.30M | $392.98M | $380.41M | $368.76M | $192.85M | $504.82M | $384.62M | $360.63M | $175.31M | $458.92M | $304.05M | $549.53M | $159.38M | $417.20M | $240.36M | $90.88M | $8.36M | $-518.91M | $159.61M | $-2.97B | $298.56M | $-13.95M | $68.55M |
| High Forecast | $1.75B | $1.64B | $1.53B | $1.42B | $428.85M | $419.42M | $407.08M | $405.63M | $443.65M | $429.47M | $412.36M | $231.41M | $605.78M | $461.55M | $407.14M | $210.38M | $550.71M | $364.86M | $659.43M | $191.25M | $500.64M | $288.43M | $109.05M | $10.03M | $-415.13M | $180.19M | $-2.38B | $358.27M | $-11.16M | $82.26M |
| Low Forecast | $1.35B | $1.26B | $1.18B | $1.10B | $331.33M | $324.04M | $314.51M | $313.39M | $342.77M | $331.81M | $319.10M | $154.28M | $403.85M | $307.70M | $314.56M | $140.25M | $367.14M | $243.24M | $439.62M | $127.50M | $333.76M | $192.28M | $72.70M | $6.69M | $-622.69M | $139.21M | $-3.56B | $238.85M | $-16.74M | $54.84M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 0.28% | -0.25% | 1.81% | 0.99% | 1.84% | 1.10% | 3.26% | 0.97% | 1.21% | 1.05% | 1.68% | 0.91% | -4.11% | 0.50% | 1.01% | 1.22% | 1.09% |
5 analysts predict CPE's average Quarter EBITDA for Mar 24 to be $192.85M, with a high of $231.41M and a low of $154.28M. This is -43.07% lower than Callon Petroleum's previous annual EBITDA (Dec 23) of $338.75M.
Callon Petroleum Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 5 | 7 | 7 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $168.97M | - | $-420.32M | $220.64M | $272.47M | $549.60M | $348.01M | $39.74M | $285.35M | $171.90M | $-11.70M | $-80.41M | $-505.07M | $-680.38M | $-1.56B | $216.56M | $-23.54M | $55.83M |
| Avg Forecast | $151.55M | $142.97M | $137.15M | $136.56M | $137.08M | $130.42M | $118.86M | $123.30M | $120.52M | $111.54M | $101.52M | $46.79M | $356.57M | $226.47M | $437.24M | $42.53M | $324.16M | $179.03M | $397.49M | $38.67M | $294.69M | $141.53M | $-11.12M | $-47.76M | $-555.58M | $873.57K | $-3.12B | $214.75M | $-19.32M | $51.39M |
| High Forecast | $176.95M | $166.94M | $160.14M | $159.45M | $160.06M | $152.29M | $138.79M | $143.97M | $140.72M | $130.24M | $116.84M | $56.14M | $427.89M | $271.77M | $524.69M | $51.04M | $388.99M | $214.84M | $476.99M | $46.40M | $353.63M | $169.83M | $-8.89M | $-38.21M | $-444.46M | $1.02M | $-2.49B | $257.69M | $-15.45M | $61.67M |
| Low Forecast | $126.38M | $119.22M | $114.37M | $113.88M | $114.31M | $108.76M | $99.12M | $102.82M | $100.50M | $93.01M | $86.83M | $37.43M | $285.26M | $181.18M | $349.79M | $34.03M | $259.33M | $143.22M | $317.99M | $30.93M | $235.75M | $113.22M | $-13.34M | $-57.31M | $-666.69M | $728.48K | $-3.74B | $171.80M | $-23.18M | $41.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | - | -0.96% | 5.19% | 0.84% | 3.07% | 0.88% | 1.03% | 0.97% | 1.21% | 1.05% | 1.68% | 0.91% | -778.85% | 0.50% | 1.01% | 1.22% | 1.09% |
Callon Petroleum's average Quarter net income forecast for Mar 24 is $46.79M, with a range of $37.43M to $56.14M. CPE's average Quarter net income forecast represents a -72.31% decrease compared to the company's last Quarter net income of $168.97M (Dec 23).
Callon Petroleum SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 5 | 7 | 7 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $28.44M | - | $29.77M | $27.80M | $15.34M | $14.02M | $10.91M | $17.12M | $13.12M | $9.50M | $11.06M | $16.80M | $12.71M | $12.65M | $14.16M | $8.32M | $13.19M | $9.36M |
| Avg Forecast | $96.06M | $90.06M | $84.05M | $78.05M | $23.60M | $23.08M | $22.40M | $22.32M | $24.42M | $23.64M | $22.91M | $20.16M | $16.39M | $12.52M | $13.71M | $18.33M | $14.90M | $9.90M | $12.46M | $16.66M | $13.55M | $7.82M | $10.52M | $9.98M | $13.98M | $9.92M | $28.20M | $8.26M | $10.82M | $8.61M |
| High Forecast | $108.45M | $101.67M | $94.89M | $88.11M | $26.65M | $26.06M | $25.29M | $25.20M | $27.56M | $26.68M | $25.62M | $24.19M | $19.67M | $15.02M | $16.45M | $21.99M | $17.88M | $11.88M | $14.95M | $19.99M | $16.25M | $9.39M | $12.62M | $11.97M | $16.78M | $11.20M | $33.84M | $9.91M | $12.98M | $10.33M |
| Low Forecast | $83.79M | $78.55M | $73.31M | $68.08M | $20.59M | $20.13M | $19.54M | $19.47M | $21.30M | $20.62M | $19.83M | $16.13M | $13.11M | $10.02M | $10.96M | $14.66M | $11.92M | $7.92M | $9.97M | $13.33M | $10.84M | $6.26M | $8.42M | $7.98M | $11.18M | $8.65M | $22.56M | $6.60M | $8.66M | $6.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.74% | - | 2.17% | 1.52% | 1.03% | 1.42% | 0.88% | 1.03% | 0.97% | 1.21% | 1.05% | 1.68% | 0.91% | 1.28% | 0.50% | 1.01% | 1.22% | 1.09% |
Callon Petroleum's average Quarter SG&A projection for Mar 24 is $20.16M, based on 5 Wall Street analysts, with a range of $16.13M to $24.19M. The forecast indicates a -29.12% fall compared to CPE last annual SG&A of $28.44M (Dec 23).
Callon Petroleum EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 5 | 5 | 7 | 7 | 3 | 3 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 7 | 7 | 8 | 7 | 10 | 9 | 6 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.51 | - | $-6.80 | $3.58 | $4.42 | $8.91 | $5.64 | $0.65 | $4.82 | $3.71 | $-0.25 | $-1.89 | $-12.71 | $-17.12 | $-39.40 | $5.50 | $-0.90 | $2.10 |
| Avg Forecast | $2.25 | $2.12 | $2.03 | $2.03 | $2.03 | $1.93 | $1.76 | $1.83 | $1.79 | $1.65 | $1.51 | $1.53 | $1.65 | $1.84 | $1.79 | $2.11 | $3.42 | $4.07 | $4.20 | $3.35 | $2.72 | $2.51 | $1.48 | $0.95 | $0.53 | $0.01 | $-0.31 | $1.11 | $2.10 | $1.75 |
| High Forecast | $2.62 | $2.48 | $2.38 | $2.37 | $2.37 | $2.26 | $2.06 | $2.14 | $2.09 | $1.93 | $1.73 | $2.03 | $2.04 | $2.20 | $2.09 | $2.47 | $3.99 | $4.76 | $4.90 | $3.92 | $3.18 | $2.93 | $1.73 | $1.10 | $0.62 | $0.02 | $-0.26 | $1.30 | $2.45 | $2.05 |
| Low Forecast | $1.87 | $1.77 | $1.70 | $1.69 | $1.70 | $1.61 | $1.47 | $1.53 | $1.49 | $1.38 | $1.29 | $1.18 | $1.31 | $1.37 | $1.49 | $1.76 | $2.85 | $3.40 | $3.50 | $2.80 | $2.27 | $2.09 | $1.24 | $0.79 | $0.44 | $0.01 | $-0.36 | $0.93 | $1.75 | $1.46 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | - | -3.81% | 1.69% | 1.29% | 2.19% | 1.34% | 0.19% | 1.77% | 1.48% | -0.17% | -2.00% | -23.82% | -1321.29% | 128.11% | 4.95% | -0.43% | 1.20% |
According to 5 Wall Street analysts, Callon Petroleum's projected average Quarter EPS for Mar 24 is $1.53, with a low estimate of $1.18 and a high estimate of $2.03. This represents a -39.14% decrease compared to CPE previous annual EPS of $2.51 (Dec 23).
Callon Petroleum Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CIVI | Civitas Resources | $44.99 | $82.17 | 82.64% | Buy |
| VTLE | Vital Energy | $29.45 | $48.00 | 62.99% | Hold |
| PR | Permian Resources | $13.97 | $20.00 | 43.16% | Buy |
| FANG | Diamondback Energy | $160.14 | $221.82 | 38.52% | Buy |
| OVV | Ovintiv | $38.98 | $53.60 | 37.51% | Buy |
| SM | SM Energy Company | $38.87 | $52.67 | 35.50% | Buy |
| MTDR | Matador Resources Company | $55.69 | $74.67 | 34.08% | Buy |
| MGY | Magnolia Oil & Gas | $24.24 | $29.00 | 19.64% | Buy |
| VET | Vermilion Energy | $9.01 | $10.74 | 19.20% | Hold |
| AR | Antero Resources | $31.59 | $35.25 | 11.59% | Buy |
| RRC | Range Resources | $34.15 | $35.88 | 5.07% | Buy |