P/E ratio for Callon Petroleum (CPE)
P/E ratio as of June 2023 (TTM): 1.45
According to Callon Petroleum's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 1.45499. At the end of 2021 the company had a P/E ratio of 7.39.
P/E ratio history for Callon Petroleum from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.39 | -3680.87% |
| 2020 | -0.2065 | -101.11% |
| 2019 | 18.6 | 283.56% |
| 2018 | 4.84 | -77.28% |
| 2017 | 21.3 | -238.68% |
| 2016 | -15.4 | 567.14% |
| 2015 | -2.30 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Oceaneering International
OII | 35.3 | 2,324.83% | 🇺🇸 USA |
 Plains All American Pipeline PAA | 8.86 | 508.61% | 🇺🇸 USA |
 SandRidge Energy
SD | 3.35 | 129.94% | 🇺🇸 USA |
 W&T Offshore WTI | 2.52 | 73.11% | 🇺🇸 USA |
 Contango Oil & Gas Company MCF | N/A | N/A | 🇺🇸 USA |
 Murphy Oil
MUR | 4.64 | 218.97% | 🇺🇸 USA |
 Enterprise Products EPD | 10.1 | 594.60% | 🇺🇸 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.