Alert: Negative Investment/Fundamental Signals (11/7/23)-Callon Petroleum Co/DE (NYSE: CPE)


Extremely important negative changes in investment behavior have recently occurred for Callon Petroleum Co/DE (NYSE: CPE): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.

Callon Petroleum Co/DE (NYSE: CPE). Marginal negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

CPE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.

Callon Petroleum Co/DE has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Callon Petroleum Co/DE has a good Power Rating of 81 and a very high Appreciation Score of 96, leading to the Highest Value Trend Rating.

Recent Price Action

Callon Petroleum Co/DE (NYSE: CPE) stock closed at $33.80 on 11/7/23 after a large decline of -4.2%. Relative to the market the stock has been strong over the last nine months but has declined -9.3% during the last week.

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