CPE - Callon Petroleum Company
| Previous Close | 8.26 |
| Open | 8.10 |
| Bid | 8.08 x 3100 |
| Ask | 8.09 x 900 |
| Day's Range | 7.88 - 8.18 |
| 52 Week Range | 5.57 - 14.65 |
| Volume | 3,369,741 |
| Avg. Volume | 5,677,341 |
| Market Cap | 1.843B |
| Beta (3Y Monthly) | 1.91 |
| PE Ratio (TTM) | 10.73 |
| EPS (TTM) | 0.75 |
| Earnings Date | Feb 25, 2019 - Mar 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 1998-06-26 |
| 1y Target Est | 13.06 |
Market Realist•4 hours agoLaredo Petroleum: Top Underperformer in the Upstream Space
What Happened in the Upstream Space Last Week?(Continued from Prior Part)Upstream stocksOn January 11–18, Laredo Petroleum (LPI) fell the most on our list of upstream energy stocks from the SPDR S&P Oil & Gas Exploration & Production
Market Realist•5 days agoHave Oil-Weighted Stocks Outdone Oil Prices?
Measuring Oil's Impact on Upstream Energy Stocks(Continued from Prior Part)Oil-weighted stocks’ returnsOn January 9–16, our list of oil-weighted stocks fell 1%—compared to the 0.1% fall in US crude oil February futures. On average, our list
- Market Realist•5 days ago
Key Oil-Weighted Stocks amid Oil’s Up and Down
Measuring Oil's Impact on Upstream Energy StocksOil prices On January 16, US crude oil February futures rose 0.4% and closed at $52.31 per barrel, despite bearish EIA inventory data. In the last trading session, the S&P 500 Index (SPY) and the
- Market Realist•7 days ago
EIA Inventory Data Might Concern Oil Bulls
Oil Traders: Goldman Sachs Expects a Slowdown(Continued from Prior Part)Oil inventories and their five-year averageIn the week ending January 4, US crude oil inventories were 8% higher than their five-year average—the same as the previous week.
- Market Realist•7 days ago
Futures Spread: Have the Bearish Sentiments Declined for Oil?
Oil Traders: Goldman Sachs Expects a Slowdown(Continued from Prior Part)Futures spreadOn January 14, US crude oil February 2019 futures closed ~$2.58 below the February 2020 futures. On January 7, the futures spread was at a discount of ~$3.1. On
Market Realist•8 days agoThe China Factor Could Drag on Oil This Week
Energy's Performance Last Week—and What's on the Agenda This WeekThe China factor could drag on oil
- Market Realist•12 days ago
Did Trade Talks Impact Oil-Weighted Stocks More than Oil?
Did Trade Talks Impact Oil-Weighted Stocks More than Oil? (Continued from Prior Part) ## Oil-weighted stocks The following oil-weighted stocks could be the most sensitive to US crude oil’s movements. They might be impacted the most by oil’s price movement based on their correlations with US crude oil active futures in the trailing week: * ConocoPhillips (COP) at 70.5% * Concho Resources (CXO) at 65.6%. * Oasis Petroleum (OAS) at 49.2% * EOG Resources (EOG) at 37.4% * Diamondback Energy (FANG) at 27.3% ## Impact of trade talks In the trailing week, US crude oil active futures rose 12.5%. Occidental Petroleum was the third-largest gainer on our list of oil-weighted stocks. The top gainers, Callon Petroleum (CPE) and Whiting Petroleum (WLL) rose 30.5% and 20.6%, respectively, in the trailing week despite having a mild negative correlation with oil prices. The trade talks between the US and China might have caused these stocks to increase. In the previous part, we discussed that easing trade war concerns might be behind the rise in oil prices. ConocoPhillips had the highest correlation with oil. ConocoPhillips has risen 4.8%—the lowest among our selected oil-weighted stocks. All of these oil-weighted stocks are part of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP). They have production mixes of at least 60.0% in liquids based on their latest quarterly production data. Liquids include crude oil, condensates, and natural gas liquids. Browse this series on Market Realist: * Part 1 - WTI Oil Could Stay above $50
- Market Realist•13 days ago
Falling Inventories Didn’t Help Oil’s Rise
Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Oil inventories and their five-year average In the week ending December 28, US crude oil inventories were 8% higher than their five-year average—one percentage point more than the previous week. Oil prices and the inventories spread usually move inversely. If the inventories spread expands more into the positive territory, it could drag oil prices down in the coming weeks. The inventories spread is the difference between oil inventories and their five-year average. ## Oil prices, energy stocks, and the inventories spread Since the latest EIA (U.S. Energy Information Administration) data were released on January 4, US crude oil February futures have risen 1.2%. Last week, China announced a dialogue with the US about the trade war, which might have supported oil prices. On January 4–7, oil-weighted stocks WPX Energy (WPX), Whiting Petroleum (WLL), and Callon Petroleum (CPE) rose 6.1%, 7.6%, and 7.8%, respectively, and outperformed their peers. Since January 4, the S&P 500 Index (SPY) and the Dow Jones Industrial Average Index (DIA) have risen 0.7% and 0.4%, respectively. These indexes’ energy components are sensitive to oil prices. ## Fall in inventory levels On January 9, the EIA is scheduled to announce its US crude oil inventory data for last week. A fall of more than ~7.2 MMbbls (million barrels) for the week ending on January 4 would help contract the inventories spread. However, a Reuters poll suggested a fall of 3.3 MMbbls in crude oil inventories. If the EIA data were in-line with Reuters’ poll, then the inventories spread would remain at a constant level, which might concern oil prices. Continue to Next Part Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 2 - US Oil Production Growth Might Be Slower in 2019 * Part 4 - Futures Spread: Less Bearish Sentiments for Oil?
- Market Realist•13 days ago
Futures Spread: Less Bearish Sentiments for Oil?
Will Oil Shift to a Higher Gear? (Continued from Prior Part) ## Futures spread On January 7, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures. On December 31, the futures spread was at a discount of ~$3.2. On December 31–January 7, US crude oil February futures rose 6.8%. ## Bearish sentiments reduced for oil The market sentiment towards the oil demand and supply situation is reflected in the futures spread. A contraction in the discount is usually accompanied by a rise in oil prices. In the last four trading sessions, the spread’s discount contracted and US crude oil prices rose by nearly seven percentage points. China’s dialogue with the US about the trade war and the fall in the US oil rig count, which we discussed in Part 2, might have supported oil prices. With inventories 8% above their five-year average, there might be an expansion in the discount going forward. ## Energy stocks On December 31–January 7, oil-weighted stocks California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR) rose 20.2%, 21.6%, and 28.7%, respectively, and outperformed their peers. ## Forward curve As of January 7, US crude oil futures contracts for delivery for the next year were priced in ascending order. The price pattern is a negative sign for ETFs that follow US crude oil futures like the ProShares Ultra Bloomberg Crude Oil ETF (UCO) and the United States 12 Month Oil ETF (USL). Browse this series on Market Realist: * Part 1 - Will Oil Shift to a Higher Gear? * Part 2 - US Oil Production Growth Might Be Slower in 2019 * Part 3 - Falling Inventories Didn’t Help Oil’s Rise
- Zacks•14 days ago
Callon Petroleum (CPE) Catches Eye: Stock Jumps 7.8%
Callon Petroleum (CPE) shares rose nearly 8% in the last trading session, amid huge volumes.
- Market Realist•15 days ago
Oil ETFs Rose More than Oil Last Week
What Happened in the Energy Sector Last Week (Continued from Prior Part) ## Oil-tracking ETFs Between December 28 and January 4, the United States Oil ETF (USO), United States 12-Month Oil ETF (USL), and ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.8%, 7.4%, and 14%, respectively. These ETFs track US crude oil futures. USO holds active US crude oil futures, while USL holds US crude oil futures deliverable for each of the next 12 months. UCO tracks daily changes in the Bloomberg WTI Crude Oil Subindex. USO and USL outperformed US crude oil February futures, which rose 5.8% last week. Higher oil prices can boost oil-weighted stocks. California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR), the strongest oil-weighted stocks, rose 14%, 14%, and 27.3%, respectively, last week. ## Long-term returns and forward curve Between February 11, 2016, and January 4, 2018, US crude oil active futures rose 83% from their 12-year low. USO, USL, and UCO rose 27.4%, 33.3%, and 13%, respectively. A negative roll yield, which occurs when expiring futures’ contract prices are lower than the following month’s futures contract prices, may have caused the lower returns. UCO’s actual and expected returns could also be different due to daily price changes. In a cost-of-carry model, ETFs’ underperformance due to negative roll yields reflects storage costs. On January 4, US crude oil futures for delivery next year closed in ascending order, which could be a negative sign for these ETFs’ returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - What Goldman Sachs Thinks about Oil * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 3 - Last Week’s Top Energy Stocks
- Market Realist•15 days ago
Last Week’s Top Energy Stocks
What Happened in the Energy Sector Last Week (Continued from Prior Part) ## Energy stocks Between December 28 and January 4, upstream stock Denbury Resources (DNR) gained the most among our selected energy stocks, which included the following ETFs: * the Alerian MLP ETF (AMLP) * the Energy Select Sector SPDR ETF (XLE) * the VanEck Vectors Oil Services ETF (OIH) * the VanEck Vectors Oil Refiners ETF (CRAK) * the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) In addition to US energy companies, some foreign-headquartered integrated energy companies listed in the United States were also included: * Imperial Oil (IMO) * China Petroleum & Chemical (SNP) * Total (TOT) * YPF (YPF) * Petrobras (PBR) * BP (BP) ## Other strong performers Upstream stocks California Resources (CRC) and Callon Petroleum (CPE) were the fourth- and fifth-strongest gainers among our selected energy stocks last week, and oilfield services stock Nabors Industries (NBR) and midstream stock Shell Midstream Partners (SHLX) were second and third strongest. Among major energy ETFs, the Alerian MLP ETF (AMLP), the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), and the VanEck Vectors Oil Services ETF (OIH) were the top three gainers. ## Energy commodities and the broader market Broader markets’ rise and oil’s recovery may have helped the above energy stocks, which also beat energy commodities and the broader market last week. US crude oil February futures rose 5.6%, natural gas February futures fell 7.8%, and the S&P 500 rose 1.9%. Continue to Next Part Browse this series on Market Realist: * Part 1 - What Goldman Sachs Thinks about Oil * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 4 - Oil ETFs Rose More than Oil Last Week
- Market Realist•15 days ago
What Goldman Sachs Thinks about Oil
What Happened in the Energy Sector Last Week ## Goldman Sachs’s views on oil prices Goldman Sachs (GS) slashed its average WTI and Brent crude oil price estimates to $55.50 and $62.50 per barrel this year, from $64.50 and $70, respectively. Concerns about an economic slowdown could be behind the lower forecast, which still implies a 15.7% upside for WTI. ## US crude oil last week Between December 28 and January 4, US crude oil February futures rose 5.8% and closed at $47.96. US equity indexes’ recovery might have limited oil’s downside. ## Important price points For US crude oil, its 20-day and 50-day moving averages of $48.35 and $54.61, respectively, are important resistance zones. On the upside, $50.26 could be important for US crude oil until January 11. A rise in oil prices could boost oil-weighted stocks. California Resources (CRC), Callon Petroleum (CPE), and Denbury Resources (DNR), the strongest oil-weighted stocks, rose 14%, 14%, and 27.3%, respectively, last week. Any changes in US crude oil prices could affect US equity indexes such as the S&P 500 (SPY) and Dow Jones Industrial Average (DIA), which we’ll discuss next. Continue to Next Part Browse this series on Market Realist: * Part 2 - Last Week in Review: Energy Outperforms Other Sectors * Part 3 - Last Week’s Top Energy Stocks * Part 4 - Oil ETFs Rose More than Oil Last Week
GuruFocus.com•16 days agoCallon Petroleum: Bargain or Junk?
2018 was not a good year for shareholders of mid-cap oil and gas exploration company Callon Petroleum (CPE), which focuses primarily on the acquisition, development, extraction and exploitation of unconventional onshore, oil and natural gas reserves in the Permian Basin in West Texas. Warning! GuruFocus has detected 3 Warning Signs with CPE. Although this past year has certainly proven to be painful for Callon's existing shareholders, there are reasons to believe that the stock may have entered bargain territory.
Market Realist•last monthFutures Spread: OPEC’s Deal Might Not Impact Oil
On December 17, US crude oil February 2019 futures closed ~$2.5 below the February 2020 futures. On December 10, the futures spread was at a discount of ~$1.4. On December 10–17, US crude oil February futures fell 2%.
Market Realist•last monthHow Did US Crude Oil ETFs Perform Last Week?
On December 7–14, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 2.6% and 2.3%, respectively. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 4.9%. These ETFs track US crude oil futures.
- Simply Wall St.•last month
What You Must Know About Callon Petroleum Company’s (NYSE:CPE) Financial Strength
Investors are always looking for growth in small-cap stocks like Callon Petroleum Company (NYSE:CPE), with a market cap of US$1.7b. However, an important fact which most ignore is: how financially Read More...
- Insider Monkey•last month
Is Callon Petroleum Company (CPE) A Good Stock To Buy?
After several tireless days we have finished crunching the numbers from the more than 700 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30. The results of that effort will be put on display in this […]
Zacks•last monthCan the U.S. Sustain a Rising Tide of Oil Exports?
The United States recently became the net exporter of oil and other petroleum products for the first time in almost 75 years.
- Market Realist•2 months ago
What’s Driving Oil-Weighted Stocks’ Returns?
Between November 27 and December 4, our list of oil-weighted stocks rose 0.6% compared to the 3.3% rise in US crude oil January futures. On average, our list of oil-weighted stocks underperformed US crude oil prices.
Market Realist•2 months agoWhich Oil-Weighted Stocks Might Be Most Affected by OPEC Meeting?
On December 5, US crude oil January futures fell 0.7% and closed at $52.89 per barrel. The market wasn’t expecting a significant production cut during OPEC’s meeting on December 6, which might have dragged oil prices. On December 5, US equity markets were closed.
- PR Newswire•2 months ago
Callon Petroleum Declares Series A Preferred Dividend
Callon is an independent energy company focused on the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin in West Texas. This news release is posted on the Company's website at www.callon.com and will be archived there for subsequent review.
- Zacks•2 months ago
Crude Plunges with U.S. Supplies Up for 10th Straight Week
Crude inventories rose 3.6 million barrels in the week to Nov 23, compared with analyst expectations for a decrease of 430,000 barrels.
