P/E ratio for Callon Petroleum (CPE)
P/E ratio as of April 2024 (TTM): 2.36
According to Callon Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 2.35728. At the end of 2022 the company had a P/E ratio of 2.05.
P/E ratio history for Callon Petroleum from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 2.05 | -72.32% |
| 2021 | 7.39 | -3683.68% |
| 2020 | -0.2063 | -101.1% |
| 2019 | 18.8 | 288.04% |
| 2018 | 4.84 | -77.28% |
| 2017 | 21.3 | -238.68% |
| 2016 | -15.4 | 567.14% |
| 2015 | -2.30 | -128.21% |
| 2014 | 8.17 | -101.01% |
| 2013 | -811 | -1307.5% |
| 2012 | 67.1 | 3655.68% |
| 2011 | 1.79 | -91.24% |
| 2010 | 20.4 | 2798.76% |
| 2009 | 0.7042 | -659.86% |
| 2008 | -0.1258 | -100.56% |
| 2007 | 22.5 | 199.86% |
| 2006 | 7.52 | -39.11% |
| 2005 | 12.3 | 13.53% |
| 2004 | 10.9 | -246.78% |
| 2003 | -7.41 | -51.36% |
| 2002 | -15.2 | -111.11% |
| 2001 | 137 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Oceaneering International
OII | 30.3 | 1,185.46% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 11.3 | 377.90% | 🇺🇸 USA |
 SandRidge Energy
SD | 2.71 | 14.95% | 🇺🇸 USA |
 W&T Offshore WTI | 2.76 | 16.91% | 🇺🇸 USA |
 Contango Oil & Gas Company MCF | N/A | N/A | 🇺🇸 USA |
 Murphy Oil
MUR | 9.71 | 311.92% | 🇺🇸 USA |
 Enterprise Products EPD | 11.7 | 397.48% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.