NYSE:CPE - Callon Petroleum Stock Price, News, & Analysis

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$6.81 -0.19 (-2.71 %)
(As of 05/27/2019 01:54 AM ET)
Previous Close$6.81
Today's Range$6.65 - $7.20
52-Week Range$5.57 - $13.38
Volume8.08 million shs
Average Volume6.79 million shs
Market Capitalization$1.55 billion
P/E Ratio8.30
Dividend YieldN/A
Beta1.5
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas. The company was founded in 1950 and is headquartered in Houston, Texas.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
CUSIP13123X10
Phone281-589-5200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$587.62 million
Cash Flow$1.4217 per share
Book Value$10.65 per share

Profitability

Net Income$300.36 million

Miscellaneous

Employees218
Market Cap$1.55 billion
Next Earnings Date8/5/2019 (Estimated)
OptionableOptionable

Callon Petroleum (NYSE:CPE) Frequently Asked Questions

What is Callon Petroleum's stock symbol?

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

How were Callon Petroleum's earnings last quarter?

Callon Petroleum (NYSE:CPE) posted its quarterly earnings results on Tuesday, February, 26th. The oil and natural gas company reported $0.17 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.05. The oil and natural gas company earned $161.90 million during the quarter, compared to analyst estimates of $164.50 million. Callon Petroleum had a net margin of 36.70% and a return on equity of 7.55%. View Callon Petroleum's Earnings History.

When is Callon Petroleum's next earnings date?

Callon Petroleum is scheduled to release their next quarterly earnings announcement on Monday, August 5th 2019. View Earnings Estimates for Callon Petroleum.

What price target have analysts set for CPE?

19 Wall Street analysts have issued 1-year target prices for Callon Petroleum's shares. Their forecasts range from $9.00 to $21.00. On average, they anticipate Callon Petroleum's share price to reach $13.6667 in the next year. This suggests a possible upside of 100.7% from the stock's current price. View Analyst Price Targets for Callon Petroleum.

What is the consensus analysts' recommendation for Callon Petroleum?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Callon Petroleum in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Callon Petroleum.

What are Wall Street analysts saying about Callon Petroleum stock?

Here are some recent quotes from research analysts about Callon Petroleum stock:
  • 1. Williams Capital analysts commented, "We are not surprised by the Ranger sale as chaer about the assets being marketed started back in early February. We view the transacon as posive as it improves the company’s bal ance sheet and liquidity, as well as high-grades its porolio. With the a nnounced transacons, we model a ~0.4x and ~0.3x improvement to its 2019 and 2020 net-debt/EBITDA metrics, respecvely, as well as to its EV/EBIT DA valuaon. We expect CPE shares to outperform on the announced transacons . We reaffirm our Buy rang and CPE remains our top pick small-cap on our high convicon in management’s ability to execute on its plans and c ross over to a sustainable free cash flow model." (4/9/2019)
  • 2. According to Zacks Investment Research, "Callon Petroleum’s operation is solely focused on the Permian Basin, which is the highest-producing shale play in the United States. The company boasts an impressive footprint (86,000 net acres) throughout the basin. Moreover, unlike most of the explorers in the region, the company is not significantly exposed to Permian bottlenecks as it has reserved pipeline networks to transport roughly 90% of its produced liquid volumes to the local refineries. Also, due to the Ward County acquisition and a strong performance from its Spur area assets, the company’s output is expected to surge in the near future. However, the company’s increasing operating expenses is a concern. In fact, for 2019 LOE is expected to significantly increase. Moreover, in the past few years, the company’s free cash flow remained negative, even though oil price recovered significantly from the 2016 lows. Therefore, the stock warrants a cautious stance." (3/18/2019)

Has Callon Petroleum been receiving favorable news coverage?

Media coverage about CPE stock has been trending somewhat negative on Monday, InfoTrie reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Callon Petroleum earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave news coverage about the oil and natural gas company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term.

Are investors shorting Callon Petroleum?

Callon Petroleum saw a decrease in short interest in April. As of April 30th, there was short interest totalling 52,904,570 shares, a decrease of 7.0% from the April 15th total of 56,895,260 shares. Based on an average daily trading volume, of 5,008,204 shares, the short-interest ratio is currently 10.6 days. Currently, 23.4% of the company's stock are sold short. View Callon Petroleum's Current Options Chain.

Who are some of Callon Petroleum's key competitors?

What other stocks do shareholders of Callon Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Callon Petroleum investors own include Range Resources (RRC), Alerian MLP ETF (AMLP), Coeur Mining (CDE), Halcon Resources (HK), Oasis Petroleum (OAS), OFG Bancorp (OFG), Advanced Micro Devices (AMD), Ford Motor (F), Chesapeake Energy (CHK) and Cypress Semiconductor (CY).

Who are Callon Petroleum's key executives?

Callon Petroleum's management team includes the folowing people:
  • Mr. Joseph C. Gatto Jr., Pres, CEO & Director (Age 48)
  • Mr. James P. Ulm II, Sr. VP & CFO (Age 55)
  • Ms. Mitzi P. Conn, VP, Chief Accounting Officer & Corp. Controller (Age 50)
  • Ms. Correne S. Loeffler, VP of Fin. & Treasurer (Age 42)
  • Mr. Jeffrey S. Balmer, Sr. VP & COO (Age 54)

Who are Callon Petroleum's major shareholders?

Callon Petroleum's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.59%), Dimensional Fund Advisors LP (8.28%), Goldman Sachs Group Inc. (4.37%), Wellington Management Group LLP (3.00%), Northern Trust Corp (2.65%) and Westwood Holdings Group Inc. (2.45%). Company insiders that own Callon Petroleum stock include Barbara J Faulkenberry and Mitzi P Conn. View Institutional Ownership Trends for Callon Petroleum.

Which institutional investors are selling Callon Petroleum stock?

CPE stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Morgan Stanley, Key Group Holdings Cayman LTD., FMR LLC, Goldman Sachs Group Inc., New York State Common Retirement Fund, Wedge Capital Management L L P NC and OppenheimerFunds Inc.. View Insider Buying and Selling for Callon Petroleum.

Which institutional investors are buying Callon Petroleum stock?

CPE stock was acquired by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Dimensional Fund Advisors LP, Victory Capital Management Inc., Vaughan Nelson Investment Management L.P., Sumitomo Mitsui Trust Holdings Inc., Man Group plc, Parametric Portfolio Associates LLC and Emerald Advisers LLC. View Insider Buying and Selling for Callon Petroleum.

How do I buy shares of Callon Petroleum?

Shares of CPE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Callon Petroleum's stock price today?

One share of CPE stock can currently be purchased for approximately $6.81.

How big of a company is Callon Petroleum?

Callon Petroleum has a market capitalization of $1.55 billion and generates $587.62 million in revenue each year. The oil and natural gas company earns $300.36 million in net income (profit) each year or $0.82 on an earnings per share basis. Callon Petroleum employs 218 workers across the globe.

What is Callon Petroleum's official website?

The official website for Callon Petroleum is http://www.callon.com/.

How can I contact Callon Petroleum?

Callon Petroleum's mailing address is 1401 enclave parkway suite 600, HOUSTON TX, 77077. The oil and natural gas company can be reached via phone at 281-589-5200 or via email at [email protected]


MarketBeat Community Rating for Callon Petroleum (NYSE CPE)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  780 (Vote Outperform)
Underperform Votes:  387 (Vote Underperform)
Total Votes:  1,167
MarketBeat's community ratings are surveys of what our community members think about Callon Petroleum and other stocks. Vote "Outperform" if you believe CPE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CPE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/27/2019 by MarketBeat.com Staff

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