Callon Petroleum Company Company Profile (NYSE:CPE)

About Callon Petroleum Company (NYSE:CPE)

Callon Petroleum Company logoCallon Petroleum Company is an independent oil and natural gas company. The Company is engaged in the exploration, development, acquisition and production of oil and natural gas properties. The Company focuses on the acquisition and development of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and southeastern New Mexico and consisted of three primary sub-basins: the Midland Basin, the Delaware Basin, and the Central Basin Platform as of December 31, 2016. The Company's drilling activity focuses on the horizontal development of various prospective intervals in the Midland Basin, including multiple levels of the Wolfcamp formation and the Lower Spraberry shale. It owns additional immaterial properties in Louisiana. As of December 31, 2016, the Company had owned leaseholds in 39,570 net acres in the Permian Basin, all of which was located in the Midland Basin.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production
  • Sub-Industry: Oil & Gas Exploration & Production
  • Symbol: NYSE:CPE
  • CUSIP: 13123X10
  • Web: www.callon.com
Capitalization:
  • Market Cap: $2.21405 billion
  • Outstanding Shares: 201,827,000
Average Prices:
  • 50 Day Moving Avg: $10.92
  • 200 Day Moving Avg: $11.11
  • 52 Week Range: $9.34 - $18.53
P/E:
  • Trailing P/E Ratio: 19.87
  • Foreward P/E Ratio: 15.12
  • P/E Growth: 0.32
Sales & Book Value:
  • Annual Revenue: $270.74 million
  • Price / Sales: 7.78
  • Book Value: $9.00 per share
  • Price / Book: 1.16
Profitability:
  • EBITDA: $213.75 million
  • Net Margins: 34.61%
  • Return on Equity: 4.16%
  • Return on Assets: 3.07%
Debt:
  • Debt-to-Equity Ratio: 0.33%
  • Current Ratio: 1.41%
  • Quick Ratio: 1.41%
Misc:
  • Average Volume: 5.08 million shs.
  • Beta: 1.43
  • Short Ratio: 7.6
 

Frequently Asked Questions for Callon Petroleum Company (NYSE:CPE)

What is Callon Petroleum Company's stock symbol?

Callon Petroleum Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "CPE."

How were Callon Petroleum Company's earnings last quarter?

Callon Petroleum Company (NYSE:CPE) posted its earnings results on Wednesday, August, 2nd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.02. The company earned $82.30 million during the quarter, compared to analyst estimates of $83.89 million. Callon Petroleum Company had a return on equity of 4.16% and a net margin of 34.61%. The firm's revenue for the quarter was up 82.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.61) earnings per share. View Callon Petroleum Company's Earnings History.

When will Callon Petroleum Company make its next earnings announcement?

Callon Petroleum Company is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Callon Petroleum Company.

Where is Callon Petroleum Company's stock going? Where will Callon Petroleum Company's stock price be in 2017?

24 brokers have issued twelve-month price objectives for Callon Petroleum Company's stock. Their predictions range from $10.00 to $26.00. On average, they expect Callon Petroleum Company's share price to reach $17.57 in the next twelve months. View Analyst Ratings for Callon Petroleum Company.

What are analysts saying about Callon Petroleum Company stock?

Here are some recent quotes from research analysts about Callon Petroleum Company stock:

  • 1. According to Zacks Investment Research, "Callon Petroleum Company has been engaged in the exploration, development, acquisition and production of oil and gas properties since 1950. " (8/1/2017)
  • 2. Mizuho analysts commented, "We increase estimates through '18 to reflect the deferred production ramp into potentially higher oil prices we now anticipate in late '17/'18 from Callon's planned rig adds. We also nudge up '18 production to reflect a fifth rig for all of the year. CPE shares have been under pressure since December, on concerns execution can remain flawless amid another large acquisition. We remain Neutral-rated as we await visibility of the viability of near-term growth objectives and trim our PT to $14 to reflect updated expense assumptions and a more conservative target multiple." (3/1/2017)

Are investors shorting Callon Petroleum Company?

Callon Petroleum Company saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 49,467,962 shares, an increase of 24.3% from the September 15th total of 39,805,675 shares. Based on an average daily trading volume, of 5,559,249 shares, the days-to-cover ratio is presently 8.9 days. Approximately 24.8% of the shares of the stock are sold short.

Who are some of Callon Petroleum Company's key competitors?

Who are Callon Petroleum Company's key executives?

Callon Petroleum Company's management team includes the folowing people:

  • Joseph C. Gatto Jr., President, Chief Executive Officer
  • Correne S. Loeffler, Interim Chief Financial Officer, Treasurer
  • Gary A. Newberry, Chief Operating Officer, Senior Vice President
  • Mitzi P. Conn, Chief Accounting Officer, Vice President
  • Jerry A. Weant, Vice President - Land
  • L. Richard Flury, Non-Executive Chairman of the Board
  • Matthew Regis Bob, Independent Director
  • Michael L. Finch CPA, Independent Director
  • Larry D. McVay, Independent Director
  • Anthony J. Nocchiero, Independent Director

Who owns Callon Petroleum Company stock?

Callon Petroleum Company's stock is owned by a number of of retail and institutional investors. Top institutional investors include Tributary Capital Management LLC (0.74%), Viking Fund Management LLC (0.54%), Nationwide Fund Advisors (0.29%), Verde Servicos Internacionais S.A. (0.21%), Mutual of America Capital Management LLC (0.09%) and Quantitative Systematic Strategies LLC (0.06%). Company insiders that own Callon Petroleum Company stock include Jerry A Weant and Matthew Regis Bob. View Institutional Ownership Trends for Callon Petroleum Company.

Who sold Callon Petroleum Company stock? Who is selling Callon Petroleum Company stock?

Callon Petroleum Company's stock was sold by a variety of institutional investors in the last quarter, including Viking Fund Management LLC and Verde Servicos Internacionais S.A.. View Insider Buying and Selling for Callon Petroleum Company.

Who bought Callon Petroleum Company stock? Who is buying Callon Petroleum Company stock?

Callon Petroleum Company's stock was bought by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors, Mutual of America Capital Management LLC, Tributary Capital Management LLC, Quantitative Systematic Strategies LLC, State Treasurer State of Michigan and LS Investment Advisors LLC. Company insiders that have bought Callon Petroleum Company stock in the last two years include Jerry A Weant and Matthew Regis Bob. View Insider Buying and Selling for Callon Petroleum Company.

How do I buy Callon Petroleum Company stock?

Shares of Callon Petroleum Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Callon Petroleum Company's stock price today?

One share of Callon Petroleum Company stock can currently be purchased for approximately $10.43.


MarketBeat Community Rating for Callon Petroleum Company (NYSE CPE)
Community Ranking:  3.4 out of 5 (star star star)
Outperform Votes:  585 (Vote Outperform)
Underperform Votes:  271 (Vote Underperform)
Total Votes:  856
MarketBeat's community ratings are surveys of what our community members think about Callon Petroleum Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Callon Petroleum Company (NYSE:CPE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 21 Buy Ratings
Consensus Rating:Buy (Score: 2.88)
Consensus Price Target: $17.57 (68.41% upside)
Consensus Price Target History for Callon Petroleum Company (NYSE:CPE)
Price Target History for Callon Petroleum Company (NYSE:CPE)
Analysts' Ratings History for Callon Petroleum Company (NYSE:CPE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/16/2017Bank of America CorporationInitiated CoverageBuyN/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetBuy$15.00N/AView Rating Details
10/9/2017Jefferies Group LLCInitiated CoverageBuy$16.00N/AView Rating Details
8/24/2017Royal Bank Of CanadaSet Price TargetBuy$16.00LowView Rating Details
8/21/2017Northland SecuritiesSet Price TargetBuy$18.00LowView Rating Details
8/15/2017Imperial CapitalInitiated CoverageOutperform$16.00MediumView Rating Details
7/21/2017Citigroup Inc.Lower Price TargetBuy$15.00 -> $14.00LowView Rating Details
7/7/2017Barclays PLCReiterated RatingBuy$14.00HighView Rating Details
7/1/2017ScotiabankSet Price TargetBuy$15.00LowView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$19.00 -> $10.00HighView Rating Details
6/20/2017Tudor PickeringInitiated CoverageBuy -> Buy$26.00HighView Rating Details
6/2/2017Credit Suisse GroupReiterated RatingOutperform$18.00LowView Rating Details
5/26/2017Roth CapitalSet Price TargetBuy$23.00N/AView Rating Details
4/19/2017Evercore ISIDowngradeOutperform -> In-Line$17.00 -> $16.00HighView Rating Details
4/13/2017Echelon Wealth PartnersUpgradeBuy$17.00MediumView Rating Details
4/13/2017EuroPacific CanadaUpgradeNeutral -> Buy$17.00HighView Rating Details
4/13/2017Eurobank EFGUpgradeHold -> Buy$17.00HighView Rating Details
4/12/2017Stifel NicolausInitiated CoverageBuy -> Buy$21.00HighView Rating Details
3/7/2017Deutsche Bank AGLower Price TargetBuy$19.00 -> $18.00N/AView Rating Details
3/1/2017MizuhoLower Price TargetNeutral$18.00 -> $14.00N/AView Rating Details
3/1/2017FBR & CoLower Price TargetOutperform -> Outperform$20.00 -> $17.00N/AView Rating Details
2/28/2017Canaccord GenuityReiterated RatingBuy$22.00N/AView Rating Details
12/18/2016KLR GroupSet Price TargetBuy$20.00 -> $24.00N/AView Rating Details
11/22/2016KeyCorpBoost Price TargetOverweight$19.00 -> $20.00N/AView Rating Details
8/11/2016J P Morgan Chase & CoBoost Price TargetOverweight$14.00 -> $16.00N/AView Rating Details
8/10/2016WunderlichBoost Price TargetBuy$17.00 -> $18.00N/AView Rating Details
6/6/2016US Capital AdvisorsReiterated RatingBuyN/AView Rating Details
5/16/2016Sterne Agee CRTReiterated RatingBuyN/AView Rating Details
5/16/2016Howard WeilUpgradeSector Outperform -> Focus StockN/AView Rating Details
4/28/2016Iberia CapitalBoost Price TargetOutperform$10.00 -> $14.00N/AView Rating Details
4/21/2016StephensReiterated RatingBuyN/AView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Callon Petroleum Company (NYSE:CPE)
Earnings by Quarter for Callon Petroleum Company (NYSE:CPE)
Earnings History by Quarter for Callon Petroleum Company (NYSE CPE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017$0.12N/AView Earnings Details
8/2/2017Q2 2017$0.11$0.09$83.89 million$82.30 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.10$0.10$80.22 million$81.36 millionViewListenView Earnings Details
2/27/2017Q416$0.10$0.08$72.03 million$69.10 millionViewN/AView Earnings Details
11/2/2016Q316$0.07$0.09$45.48 million$55.90 millionViewN/AView Earnings Details
8/8/2016Q216$0.04$0.05$47.75 million$45.14 millionViewN/AView Earnings Details
3/2/2016Q415$0.03$0.05$40.36 million$33.56 millionViewN/AView Earnings Details
11/4/2015Q315$0.03$0.05$40.11 million$34.32 millionViewN/AView Earnings Details
8/5/2015Q215$0.01$0.04$38.25 million$39.24 millionViewN/AView Earnings Details
3/4/2015Q414$0.07$0.05$14.90 million$38.40 millionViewN/AView Earnings Details
11/5/2014Q3$0.11$0.06$39.42 million$39.66 millionViewListenView Earnings Details
8/6/2014Q214$0.14$0.14$37.81 million$40.50 millionViewListenView Earnings Details
5/8/2014Q114$0.05$0.11$28.47 million$33.29 millionViewListenView Earnings Details
3/12/2014Q413$0.01$0.03$26.83 million$26.50 millionViewListenView Earnings Details
11/7/2013Q313($0.03)$0.03$28.78 million$27.00 millionViewListenView Earnings Details
8/8/2013Q2 2013($0.06)($0.02)$22.79 million$19.10 millionViewN/AView Earnings Details
5/9/2013Q1 2013($0.04)($0.02)$23.15 million$22.50 millionViewN/AView Earnings Details
3/14/2013Q4 2012$0.04($0.01)$31.92 million$28.70 millionViewN/AView Earnings Details
11/7/2012$0.02($0.03)$29.48 million$27.40 millionViewN/AView Earnings Details
8/8/2012($0.01)$0.01ViewN/AView Earnings Details
5/7/2012$0.05$0.01ViewN/AView Earnings Details
11/2/2011$0.16$0.21ViewN/AView Earnings Details
8/8/2011$0.10$0.50ViewN/AView Earnings Details
5/9/2011$0.03$0.12ViewN/AView Earnings Details
3/14/2011$0.07$0.02ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Callon Petroleum Company (NYSE:CPE)
2017 EPS Consensus Estimate: $0.47
2018 EPS Consensus Estimate: $0.65
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20178$0.04$0.15$0.10
Q2 20178$0.05$0.16$0.11
Q3 20179$0.08$0.15$0.11
Q4 20179$0.11$0.18$0.14
Q1 20185$0.08$0.16$0.12
Q2 20185$0.09$0.17$0.15
Q3 20184$0.13$0.20$0.18
Q4 20184$0.13$0.24$0.20
Q1 20191$0.27$0.27$0.27
Q2 20191$0.28$0.28$0.28
Q3 20191$0.30$0.30$0.30
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Callon Petroleum Company (NYSE:CPE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Callon Petroleum Company (NYSE:CPE)
Insider Ownership Percentage: 0.82%
Insider Trades by Quarter for Callon Petroleum Company (NYSE:CPE)
Institutional Ownership by Quarter for Callon Petroleum Company (NYSE:CPE)
Insider Trades by Quarter for Callon Petroleum Company (NYSE:CPE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/14/2017Jerry A. WeantVPSell4,000$14.45$57,800.00View SEC Filing  
1/13/2016Jerry A WeantVPBuy1,000$6.00$6,000.00View SEC Filing  
1/11/2016Jerry A WeantVPBuy1,000$6.75$6,750.00View SEC Filing  
1/6/2016Matthew Regis BobDirectorBuy7,000$7.50$52,500.00View SEC Filing  
8/26/2015Matthew Regis BobDirectorBuy7,000$7.55$52,850.00View SEC Filing  
6/18/2015Mitzi P ConnInsiderSell10,000$8.26$82,600.00View SEC Filing  
6/10/2015Anthony J NocchieroDirectorSell17,994$8.53$153,488.82View SEC Filing  
9/16/2014Matthew Regis BobDirectorBuy5,000$9.33$46,650.00View SEC Filing  
4/7/2014Gary NewberryVPBuy14,616$8.30$121,312.80View SEC Filing  
4/11/2013Howard Clark SmithInsiderBuy5,365$3.90$20,923.50View SEC Filing  
4/9/2013B F WeatherlyCFOBuy11,019$3.63$39,998.97View SEC Filing  
4/9/2013Gary NewberryVPBuy27,300$3.65$99,645.00View SEC Filing  
4/8/2013Fred L CallonCEOBuy14,286$3.50$50,001.00View SEC Filing  
4/4/2013Joseph C Jr. GattoVPBuy5,263$3.42$17,999.46View SEC Filing  
3/26/2013Rodger W Smith JrTreasurerBuy8,098$3.75$30,367.50View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Callon Petroleum Company (NYSE:CPE)
Latest Headlines for Callon Petroleum Company (NYSE:CPE)
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Chart

Callon Petroleum Company (CPE) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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