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Callon Petroleum Company (CPE)

NYSE - NYSE Delayed Price. Currency in USD
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41.12+1.53 (+3.86%)
At close: 4:00PM EDT
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  • T
    Tommy
    I see no reason why we can’t cross the 43 range tomorrow O&G sector starting to garner attention hopefully it brings some volume with it
    Bullish
  • G
    Grateful
    Seven Strong Oil Stocks to Buy on Increasing Demand

    Louis Navellier and the Investor Place Research Staff
    Fri, May 7, 2021, 11:11 AM

    These seven oil stocks are smaller choices that are worth a look now.

    Centennial Resource Development (NASDAQ: $CDEV

    Cimarex Energy (NYSE: $XEC

    Western Midstream Partners (NYSE: $WES

    SM Energy (NYSE: $SM

    Matador Resources (NYSE: $MTDR

    Flex LNG (NYSE: $FLNG

    Callon Petroleum (NYSE: CPE
  • B
    BuIIl
    BlackRock Inc. ownership in CPE / Callon Petroleum Company
    2021-02-05 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 4,415,315 shares of Callon Petroleum Company (US:CPE). This represents 11.0 percent ownership of the company. In their previous filing dated 2020-10-09, BlackRock Inc. had reported owning 3,991,941 shares, indicating an increase of 10.61 percent.
  • C
    C
    Sure is a lot of chatter on LPI board about CPE acquiring LPI. Thoughts?
  • E
    EllisWyatt
    Oil opened green AF. Let's see if it holds.
    $CPE $MRO
    Bullish
  • J
    John
    Congratulations to all you/us longs, those of us that's been here a year or more and held on thru thick and thin we shall reap our rewards today's closing over $41 is another milestone on the road to greater wealth
  • d
    dan s
    All the needles on my stockometer are pointing up for CPE now that we have earnings outa the way and more clarity going into summer driving season. I’m starting to notice more and more ads for movies (in theaters) concerts, sorting events and all kinds of restrictions being lifted like mask mandates (May 25th here in Omaha)

    **** it’s happening people *****
  • A
    Advance
    Bullish
  • J
    John
    First Quarter 2021 and Recent Highlights

    Delivered production of approximately 81.0 MBoe/d (64% oil) in the first quarter of 2021
    Generated net cash provided by operating activities of $137.7 million and adjusted free cash flow1 of $24.2 million
    Net loss of $80.4 million, or $1.89 per diluted share, driven primarily by a loss on derivative contracts of $214.5 million, adjusted EBITDA1 of $170.6 million, and adjusted income1 of $70.0 million, or $1.49 per diluted share
    Achieved an operating margin of $33.46 per Boe, a 58% increase from the previous quarter
    Entered into purchase and sale agreements for certain non-core Delaware Basin properties for aggregate proceeds of approximately $40 million
    Completed the spring redetermination of Callon's senior secured credit facility with the borrowing base and elected commitment reaffirmed at $1.6 billion with unanimous lender support
    Bullish
  • B
    Brian D
    Jus a couple of days ago investors business daily had Cpe ranked #15 in the EPS rating of 55, today it’s #9 with a 75 EPS rating. Composite rating of 99 @ #1, EPS above ⬆️, Relative strength rating of 99 @ #2 SMR rating A @#1 acc/dis rating A+ @ #1 . Callon petroleum is #1 in 3 of the 5 ratings. Hold the line people it is bound to go higher.
    Bullish
  • B
    BuIIl
    JUST IN - Colonial Pipeline, the largest U.S. gasoline, and diesel pipeline system, halted all operations Friday after a cyberattack (Bloomberg)
  • T
    Tomas
    Callon Petroleum (CPE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 65.56%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.41 per share when it actually produced earnings of $1, delivering a surprise of 143.90%.

    Over the last four quarters, the company has surpassed consensus EPS estimates four times.
    Bullish
  • T
    Tomas
    INSTITUTIONAL BUYING
    5/7/2021 BlackRock Inc. shares 5,331,740 $205.54M
    5/7/2021 The PNC Financial Services Group Inc. shares 1,029 $39K
    5/6/2021 Rhumbline Advisers shares 86,039 $3.32M
    5/3/2021 Texas Permanent School Fund shares 34,481 $1.33M
    Bullish
  • R
    Ralph #3
    Remaining hedges in 2021 look solid with the change from the Q4 2020 report show swaps flat, collars down 3 million from 11.2 to 8.3 million, short calls off (cut in half) from 4.8 to 2.4...that's what I wanted to see as it leaves the 2nd half more or less wide open (i.e. add back the 1.89 mil in derivative losses to Q3 earnings at this level and you're over $3 for the quarter and one could model close to $9.00 for 2021 IMO...woof....
    Bullish
  • B
    BuIIl
    The Board has not proposed the increase in the number of authorized shares of common stock with the intent of preventing or discouraging any actual or threatened tender offers or takeover attempts of the Company. Rather, the Proposed Charter Amendment has been prompted by business and financial considerations, as set out above, and it is the intended purpose of the Proposed Charter Amendment to provide greater flexibility to the Board in considering and planning for our potential future corporate needs. Under certain circumstances, however, an increase in the number of authorized shares of the Company’s common stock may make it more difficult to, or discourage an attempt to, obtain control of the Company by means of a takeover bid that the Board determines is not in the Company’s best interest nor in the best interests of the Company’s shareholders. In this regard, if the Company was to become concerned that it may be a potential target of an unsolicited acquisition attempt, it could try to impede the acquisition by issuing additional shares of common stock or rights or other equity interests related thereto, thereby diluting the voting power of the other outstanding shares and increasing the potential cost to the bidder of the acquisition. The Company does not currently have a shareholder rights plan (commonly referred to as a “poison pill”) in place, nor does the Board currently have any plans to adopt any such plan or similar anti-takeover measures. The Board is not currently aware of any attempt or plan to acquire control of the Company.
  • G
    Grateful
    Callon Petroleum (CPE) Q1 Earnings and Revenues Top Estimates

    Zacks Equity Research
    Wed, May 5, 2021, 7:50 PM

    Callon Petroleum (CPE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 65.56%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.41 per share when it actually produced earnings of $1, delivering a surprise of 143.90%.

    Over the last four quarters, the company has surpassed consensus EPS estimates four times.

    Callon, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $359.88 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 29.05%. This compares to year-ago revenues of $289.92 million. The company has topped consensus revenue estimates three times over the last four quarters.
  • T
    Tommy
    Nice to see we held over 40, next week we should see a nice rally I would say 43.50 - 45.20 isn’t out of the range to close out next week. Nice to see heavier than normal volume today. Maybe this sector will get the respect and attention it deserves
    Bullish
  • T
    Tomas
    Oil Nears $70 as U.S. Stockpile Drop Adds to Demand Optimism
    Oil extended a rally following a sharp drop in U.S. stockpiles and expectations of a summer surge in fuel demand.

    Brent neared $70 a barrel while West Texas Intermediate climbed for a third day and U.S. gasoline futures reached their highest since July 2018.

    The American Petroleum Institute reported a drop in crude supplies last week of 7.69 million barrels, according to people familiar with the data. If confirmed by government figures later on Wednesday, that would be the largest decline since January. The API report also showed lower gasoline and distillates inventories.
    Bullish
  • R
    Ralph #3
    Solid volume, now comes the test of 42...if they blow through that and close over it for the week that puts a very positive marker on the weekly chart IMO...