Has Callon Petroleum Stock Reached Its Near-Term Potential?

February 10th, 2022 by Trefis Team
CPE: Callon Petroleum logo
CPE
Callon Petroleum

The shares of Callon Petroleum (NYSE: CPE) are trading at 8% above pre-Covid levels observed in January 2020, assisted by rising benchmark prices and a recovery in transportation demand. The company is engaged in exploration and production of oil & natural gas in the Permian and Eagle Ford regions of the Southwestern U.S.  In 2019, Callon completed the acquisition of Carrizo Oil & Gas which more than doubled its production to 101 MBOED and led to a surge in long-term debt obligations. While benchmark prices have assisted cash generation in recent quarters, the highly levered balance sheet could be a drag to recent gains. Per the Trefis machine learning engine which analyzes historical stock price movements, CPE stock has a 51% chance of a rise over the next month (21 trading days). See our analysis Callon Petroleum Stock Chance of Rise for more details. (related: More Room For Growth In ConocoPhillips Stock?)

Five Days: CPE 5.3%, vs. S&P 500 -0.6%; Outperformed market (25% event probability)

  • CPE stock gained 5.3% over a five-day trading period ending 02/07/2022, compared to the broader market (S&P500) which declined 0.6% over the same period.
  • Returns of 5.3% or higher over a five-day period on 629 occasions out of 2517 (25%); Stock rose in the next five days in 322 of these 629 instances (51%).
Relevant Articles
  1. What’s Next For Gap Stock?
  2. What’s Driving Altria Stock Higher?
  3. What’s Next For HIMS Stock?
  4. Buy, Sell, Or Hold Deere Stock?
  5. Is The Worst Over For Super Micro Stock?
  6. Pick Honeywell Over 3M Stock?

Ten Days: CPE 5.5%, vs. S&P 500 1.7%; Outperformed market (30% event probability)

  • CPE stock gained 5.5% over the last ten trading days (two weeks), compared to the broader market (S&P500) which remained fairly stable.
  • Returns of 5.5% or higher over 10-day period on 760 occasions out of 2517 (30%); Stock rose in the next 10 days in 396 of these 760 instances (52%).

Twenty-One Days: CPE -3.3%, vs. S&P 500 -4.4%; Outperformed market (39% event probability)

  • CPE stock declined 3.3% over the last twenty-one trading days (about one month), compared to the broader market (S&P500) which fell by 4.4%.
  • Returns of -3.3% or lower over 21-day period on 987 occasions out of 2516 (39%); Stock rose in the next 21 days in 499 of these 987 instances (51%).

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Feb 2022
MTD [1]		 2022
YTD [1]		 2017-22
Total [2]
 CPE Return 5% 10% -66%
 S&P 500 Return -1% -6% 99%
 Trefis MS Portfolio Return 0% -10% 255%

[1] Month-to-date and year-to-date as of 2/7/2022
[2] Cumulative total returns since the end of 2016

Invest with Trefis Market-Beating Portfolios

See all Trefis Price Estimates