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.
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Industry, Sector and Symbol
Industry Crude petroleum & natural gas
Sub-IndustryOil & Gas Exploration & Production
SectorOils/Energy
Phone281-589-5200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$587.62 million
Profitability
Miscellaneous
Employees218
Next Earnings Date11/5/2019 (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) issued its quarterly earnings data on Tuesday, August, 6th. The oil and natural gas company reported $0.18 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.18. The oil and natural gas company earned $167.05 million during the quarter, compared to analysts' expectations of $163.05 million. Callon Petroleum had a return on equity of 7.57% and a net margin of 35.72%. The firm's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. View Callon Petroleum's Earnings History.
When is Callon Petroleum's next earnings date?
What price target have analysts set for CPE?
19 brokerages have issued 12 month target prices for Callon Petroleum's stock. Their forecasts range from $6.00 to $16.00. On average, they expect Callon Petroleum's stock price to reach $11.3750 in the next year. This suggests a possible upside of 152.2% 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 5 hold ratings and 14 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. Evercore ISI analysts commented, "We see further improvement in LOE in 3Q before blending in higher CRZO LOE in 4Q (reported ~$7.50/boe in 1Q) which we expect the combined co to actively work down during 2020." (8/8/2019)
- 2. Northland Securities analysts commented, "We think this is an endorsement of its capabilities with a larger asset base expected to be coming through its CRZO transaction. We reiterate our Outperform rating and $10 PT." (8/7/2019)
- 3. 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)
- 4. 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?
News stories about CPE stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Callon Petroleum earned a daily sentiment score of 0.9 on InfoTrie's scale. They also assigned headlines about the oil and natural gas company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Callon Petroleum.
Who are some of Callon Petroleum's key competitors?
Some companies that are related to Callon Petroleum include Murphy Oil (MUR), EQT (EQT), Black Stone Minerals (BSM), Chesapeake Energy (CHK), Magnolia Oil & Gas (MGY), Vermilion Energy (VET), Kosmos Energy (KOS), Crescent Point Energy (CPG), PDC Energy (PDCE), Tellurian (TELL), Matador Resources (MTDR), ARC Resources (AETUF), Enerplus (ERF), DELEK GRP LTD/ADR (DGRLY) and Jagged Peak Energy (JAG).
What other stocks do shareholders of Callon Petroleum own?
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 many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.67%), Vanguard Group Inc. (9.67%), Barrow Hanley Mewhinney & Strauss LLC (3.68%), Barrow Hanley Mewhinney & Strauss LLC (3.68%), Luminus Management LLC (3.61%) and Silvercrest Asset Management Group LLC (3.08%). Company insiders that own Callon Petroleum stock include Barbara J Faulkenberry and Mitzi P Conn. View Institutional Ownership Trends for Callon Petroleum.
Which major investors are selling Callon Petroleum stock?
CPE stock was sold by a variety of institutional investors in the last quarter, including Allianz Asset Management GmbH, Invesco Ltd., Emerald Advisers LLC, Mackenzie Financial Corp, Mackenzie Financial Corp, Royal Bank of Canada, Emerald Mutual Fund Advisers Trust and Bank of America Corp DE. View Insider Buying and Selling for Callon Petroleum.
Which major investors are buying Callon Petroleum stock?
CPE stock was purchased by a variety of institutional investors in the last quarter, including Morgan Stanley, AQR Capital Management LLC, Nuveen Asset Management LLC, JPMorgan Chase & Co., Wells Fargo & Company MN, Silvercrest Asset Management Group LLC, Stephens Investment Management Group LLC and Barrow Hanley Mewhinney & Strauss 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, Robinhood, Fidelity and Charles Schwab.
What is Callon Petroleum's stock price today?
One share of CPE stock can currently be purchased for approximately $4.51.
How big of a company is Callon Petroleum?
Callon Petroleum has a market capitalization of $1.03 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.View Additional Information About Callon Petroleum.
What is Callon Petroleum's official website?
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].com.
MarketBeat Community Rating for Callon Petroleum (NYSE CPE)
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.
