CPE - Callon Petroleum Company

NYSE - NYSE Delayed Price. Currency in USD
4.1100
+0.3000 (+7.87%)
At close: 4:02PM EST
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Previous Close3.8100
Open3.8500
Bid4.1100 x 39400
Ask4.1100 x 29200
Day's Range3.8500 - 4.1350
52 Week Range3.5100 - 8.6800
Volume11,359,040
Avg. Volume18,738,562
Market Cap938.666M
Beta (3Y Monthly)1.51
PE Ratio (TTM)4.01
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1998-06-26
1y Target EstN/A
All
News
Press Releases
  • PR Newswire

    ISS Recommends Callon And Carrizo Shareholders Each Vote "For" Transaction

    HOUSTON, Nov. 20, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") and Carrizo Oil & Gas, Inc. (CRZO) ("Carrizo") today announced that proxy advisory firm Institutional Shareholder Services ("ISS"), upon review of Callon's revised offer, now recommends that Callon shareholders vote "FOR" the acquisition of Carrizo and related proposals, as put forth in the proxy supplement filed on November 18, 2019. Additionally, ISS maintained its recommendation that Carrizo common shareholders vote "FOR" the acquisition by Callon.

  • PR Newswire

    Paulson & Co. Drops Opposition to Proposed Carrizo Merger & Will Vote In Favor of the Transaction

    NEW YORK, Nov. 18, 2019 /PRNewswire/ -- Paulson & Co. Inc. ("Paulson"), as manager of funds holding shares of Callon Petroleum Company ("Callon" or the "Company") (CPE), announced it no longer opposes the proposed acquisition of Carrizo Oil & Gas Inc. ("Carrizo") (CRZO) and will vote its shares in favor of the transaction. While Paulson believes that a pure Permian focused producer would be a more attractive alternative, Paulson respects that different shareholders might have different viewpoints on this matter. As such, although Paulson no longer opposes the transaction, it has reduced its investment position in Callon.

  • Business Wire

    Carrizo and Callon Announce Record Dates for Reconvened Special Meetings to Approve Merger Agreement

    Carrizo Oil & Gas, Inc. (CRZO) and Callon Petroleum Company (CPE) today made announcements regarding the record dates for their respective reconvened special meetings of shareholders to consider and vote on matters relating to the Agreement and Plan of Merger, as amended, by and between Callon and Carrizo. Callon and Carrizo also announced that they will file later today supplemental proxy materials reflecting the amended terms of the merger agreement with the U.S. Securities and Exchange Commission (the “SEC”). In addition, Callon announced that it will file an updated investor presentation later today, which will also be available on the Investor Relations section of Callon’s website at https://ir.callon.com/.

  • PR Newswire

    Callon And Carrizo Announce Amended Merger Agreement

    HOUSTON, Nov. 14, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) and Carrizo Oil & Gas, Inc. (CRZO) today announced an amendment to the existing terms of their agreement for Callon to acquire Carrizo in an all-stock transaction. Under the amended terms, Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own. With the amended exchange ratio, Callon shareholders will own approximately 58% of the combined company and Carrizo shareholders will own approximately 42% on a fully diluted basis.

  • PR Newswire

    Paulson & Co. Votes Against Proposed Callon Acquisition of Carrizo

    NEW YORK, Nov. 6, 2019 /PRNewswire/ -- Paulson & Co. Inc. ("Paulson"), as manager of funds holding 21.6 million shares, or 9.5% of those outstanding, of Callon Petroleum Company ("Callon" or the "Company") (CPE), today voted its Callon shares against the proposed acquisition of Carrizo Oil & Gas Inc. ("Carrizo") (CRZO). Paulson notes that Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis") both recommend that Callon shareholders vote against the Company's proposed acquisition of Carrizo.

  • PR Newswire

    Callon Petroleum Company Announces Third Quarter 2019 Results

    HOUSTON , Nov. 4, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and nine months ended September 30, ...

  • PR Newswire

    Callon Urges Shareholders To Vote "For" The Acquisition Of Carrizo

    HOUSTON, Nov. 4, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") issued the following statement in response to a report by Institutional Shareholder Services ("ISS") regarding Callon's all-stock acquisition of Carrizo Oil & Gas, Inc. (CRZO). Callon's stated strategy remains unchanged: As we have articulated in numerous quarterly investor calls, and on slide 20 of our recently filed investor presentation, Callon has been pursuing four strategic financial objectives: increase cash return on invested capital, generate free cash flow, reduce leverage and maintain a long-term focus. This transaction clearly advances each point of Callon's strategy.

  • PR Newswire

    Callon Provides Update Regarding Carrizo Transaction

    HOUSTON, Oct. 23, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today issued the following statement regarding its previously announced pending all-stock acquisition of Carrizo Oil & Gas, Inc. (CRZO) ("Carrizo"). Yesterday, Callon filed an investor presentation highlighting the benefits of the Carrizo transaction. As the presentation makes clear, Callon is led by an experienced Board of Directors and management team with a track record of successful value-enhancing acquisitions, significant cost savings, and productivity improvements.

  • PR Newswire

    Callon Files Investor Presentation Highlighting Significant Benefits of Transaction with Carrizo

    HOUSTON, Oct. 22, 2019  Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced that it has filed an investor presentation with the Securities and Exchange Commission (the "SEC") in connection with its previously announced pending all-stock acquisition of Carrizo Oil & Gas, Inc. (CRZO). The investor presentation is available on the Investor Relations section of the Company's website at https://ir.callon.com/ as well as on https://www.sec.gov/. Combines Complementary High-Quality Assets to Create a Self-Funded, High-Margin Oil Growth Company.

  • PR Newswire

    Paulson & Co. Reiterates Opposition to Destructive Carrizo Deal

    1)  The Carrizo transaction has already destroyed substantial shareholder value and if consummated will permanently impair Callon's value proposition.  Since the deal was announced, Callon's stock price has declined by 42%, with shareholders losing $614 million in value.  This is due to the unjustified 25% premium offered to buy Carrizo and the proposed dilutive Callon share issuance of over 86%.  Even accounting for the general decline in the E&P sector, Callon's shares have severely underperformed.  Callon is clearly better off without this deal, in which case this decline should be reversed. 2)  The transaction enriches management, not shareholders.  We are shocked that, as part of this transaction, Callon shareholders will entitle up to a $10.7 million golden parachute or "success fee" to Joseph Gatto, James Ulm, Michol Ecklund and Mitzi Conn for structuring a deal in which Callon shareholders have lost over half a billion dollars.  As if this weren't enough, Callon's shareholders must pay Carrizo management an additional $29 million in change-in-control payments.  When added to financial advisory fees of $30 million, shareholders are being asked to entitle not one, but two, management teams and their bankers nearly $70 million for the massive destruction of shareholder value.  If the transaction closes, shareholders will not only suffer steep losses, they will be paying fees to the parties responsible for causing the destruction in value.

  • PR Newswire

    Callon Provides Operational Update for Third Quarter of 2019

    HOUSTON, Oct. 21, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) today provided an interim operational update for the third quarter of 2019 including expected ranges for production, capital expenses, lease operating expenses and commodity pricing. INVESTORS AND SECURITY HOLDERS OF CALLON AND CARRIZO ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY CALLON AND CARRIZO WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT CALLON, CARRIZO AND THE PROPOSED TRANSACTION.

  • PR Newswire

    Callon Announces Filing of Definitive Proxy Statement in Connection with Proposed Merger with Carrizo

    HOUSTON, Oct. 10, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with the Company's pending all-stock acquisition of Carrizo Oil & Gas, Inc. (CRZO). Callon will commence mailing the joint proxy statement / prospectus to its shareholders on or about October 11, 2019. The Callon Special Meeting of Shareholders to vote on the transaction is scheduled for November 14, 2019, at 9:00 A.M. Central Time, and will be held in the Advice & Counsel meeting room of the Hotel ZaZa, 9787 Katy Freeway, Houston, Texas.

  • PR Newswire

    Callon Petroleum Company Schedules Third Quarter 2019 Conference Call for November 5, 2019

    HOUSTON , Oct. 7, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its third quarter 2019 financial and operating results. Webcast and Conference Call: ...

  • Callon Highlights Compelling Value Proposition of Transaction with Carrizo
    PR Newswire

    Callon Highlights Compelling Value Proposition of Transaction with Carrizo

    HOUSTON, Sept. 26, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) today posted Investor Materials to the Company's website in connection with its pending all-stock acquisition of Carrizo Oil & Gas, Inc. (CRZO). The Investor Materials detail the benefits of the combined company, which will enable Callon to accelerate its free cash flow, capital efficiency and deleveraging goals through an optimized model of large-scale development. The Investor Materials are now available on the Investor Relations section of Callon's website, as well as www.sec.gov.

  • PR Newswire

    NVR Set to Join S&P 500; Jefferies Financial Group, II-VI to Join S&P MidCap 400; Callon Petroleum, PriceSmart to Join S&P SmallCap 600

    NEW YORK , Sept. 20, 2019 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 effective prior to the open of trading on Thursday, ...

  • PR Newswire

    Callon Comments on Paulson & Co. Filing

    Callon maintains an open dialogue with all of our shareholders and welcomes constructive input toward the shared goal of maximizing shareholder value. To this end, the Callon Board, with the assistance of outside financial and legal advisors, carefully evaluated the combination with Carrizo and determined that the transaction delivers compelling value to Callon shareholders. The pro forma company will allocate more capital to the Permian Basin than the combined Callon and Carrizo standalone development plans, supported by strong free cash flow from the Eagle Ford Shale.

  • PR Newswire

    Paulson & Co. Opposes Callon Petroleum's Proposed Acquisition of Carrizo Oil & Gas

    Callon's stock price has fallen by 36% since the transaction was announced. Shareholders have lost $530 million in value. Callon is paying Carrizo a 25% premium, which is unjustifiable given the inferior assets of Carrizo, and results in the transfer of $240 million in value from Callon shareholders to Carrizo shareholders.

  • ACCESSWIRE

    Kaskela Law LLC Announces Investigation of Callon Petroleum Company on Behalf of Investors - CPE

    PHILADELPHIA, PA / ACCESSWIRE / September 5, 2019 / Kaskela Law LLC announces that it is investigating Callon Petroleum Company (“Callon” ) (NYSE:CPE) of behalf of the company’s shareholders. On July 15, ...

  • PR Newswire

    Callon Petroleum Company Announces Upcoming Investor Events

    HOUSTON , Aug. 21, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that senior management plans to participate in the upcoming ...

  • PR Newswire

    Callon Petroleum Company Announces Second Quarter 2019 Results

    HOUSTON , Aug. 6, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and six months ended June 30, ...

  • CARRIZO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Carrizo Oil & Gas, Inc. - CRZO
    PR Newswire

    CARRIZO INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Carrizo Oil & Gas, Inc. - CRZO

    NEW ORLEANS , Aug. 2, 2019 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale ...

  • PR Newswire

    Callon Petroleum Company Schedules Second Quarter 2019 Conference Call for August 7, 2019

    HOUSTON , July 24, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its second quarter 2019 financial and operating results. Webcast and Conference Call: ...

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Carrizo Oil & Gas, Inc. Acquisition
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Carrizo Oil & Gas, Inc. Acquisition

    NEW YORK , July 16, 2019 /PRNewswire/ -- WeissLaw LLP   is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Carrizo Oil & Gas, Inc. ("CRZO" ...

  • GlobeNewswire

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Carrizo Oil & Gas, Inc. to Callon Petroleum Company is Fair to Shareholders

    NEW YORK, July 16, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Carrizo Oil & Gas, Inc..

  • PR Newswire

    ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Carrizo Oil & Gas, Inc.

    NEW YORK , July 15, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) and its board of directors for breach of fiduciary duty concerning ...