|Bid||0.00 x 1800|
|Ask||0.00 x 1000|
|Day's Range||10.86 - 11.24|
|52 Week Range||9.34 - 14.65|
|PE Ratio (TTM)||18.03|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.57|
Between July 9 and July 13, the events listed in the following table could impact oil and natural gas prices. The EIA (U.S. Energy Information Administration) is expected to release its Short-Term Energy Outlook on July 10. The IEA (International Energy Agency) is scheduled to release its Oil Market Report scheduled on July 12. These reports could influence oil and natural gas prices for the next few weeks.
On July 5, US crude oil’s implied volatility was 26.5%—1.1% below the highest level in 2018 of 26.8% on February 12. The higher implied volatility could warrant sharp movement in oil prices.
US tariffs on Chinese imports went into effect at 12:00 AM EST on July 6. China retaliated by announcing tariffs on US imports. Escalating trade tensions between the US and China could lead to China imposing a 25% tariff on US crude oil imports.
As crude oil's strong rebound continues -- I'm seeing WTI quoted at $73.31 as I write this -- I have been looking into different ways to play the jump in prices. The fact is, though, an extended period of sustainably higher oil prices changes the basic economics of drilling a well. Higher oil prices also increase the value of the land upon which E&P companies lease their drilling rights, as that land is worth the current discounted value of future production volumes.
I am writing today to help inform people who are new to the stock market and want to begin learning the link between Callon Petroleum Company (NYSE:CPE)’s fundamentals and stockRead More...
On June 21, US crude oil August futures fell 0.3% and closed at $65.54 per barrel. However, the United States Oil ETF (USO) rose 0.2% on that day. USO is meant to track oil futures, but it can sometimes have a tracking difference due to various factors.
The EIA (U.S. Energy Information Administration) released its weekly US crude oil output data on June 20. The EIA reported that the US crude oil output was steady at 10,900,000 bpd (barrels per day) on June 8–15. Crude oil production has been steady at a record high level. The US crude oil output increased by 1,550,000 bpd or ~16.6% year-over-year.
NEW YORK, NY / ACCESSWIRE / June 20, 2018 / U.S. equities slumped on Tuesday as global trade concerns grew after President Trump threatened to impose an additional $400 billion in tariffs on goods from ...
The Permian Basin Is Still a Star, but Can Midstream Keep Up? According to the EIA (U.S. Energy Information Administration), US tight oil production has increased in part due to the increasing productivity of new wells. Growing initial production rates have helped tight oil production to increase despite slowdowns in drilling activity when oil prices crashed in 2014.
OPEC members’ meeting is scheduled for June 22. The meeting will likely be the most important event for oil prices this week. The meeting will decide the fate of the production cut deal—an event that would decide the future direction of oil prices.
The EIA (U.S. Energy Information Administration) released its weekly US crude oil production data on June 13. The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd (million barrels per day) on June 1–8. The production increased by 1.6 MMbpd or ~16.8% from a year ago.
NATCHEZ, Miss. , June 12, 2018 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that senior management plans to participate in the upcoming ...
Pre-market today, WallStEquities.com tracks four Independent Oil and Gas companies to see how they have fared over the previous trading sessions: Kosmos Energy Ltd. (NYSE: KOS), National Fuel Gas Co. (NYSE: NFG), California Resources Corp. (NYSE: CRC), and Callon Petroleum Co. (NYSE: CPE). Last Friday, shares in Hamilton, Bermuda-based Kosmos Energy Ltd. ended the session 0.63% lower at $7.95.
NATCHEZ, Miss., June 7, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") announced today the closing of its private offering of $400 million aggregate principal amount of its 6.375% senior unsecured notes due 2026 (the "notes") at an issue price of 100% of the principal amount of the notes. The notes will mature on July 1, 2026, unless redeemed in accordance with their terms prior to such date. The notes were offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to certain non-U.S. persons in accordance with Regulation S under the Securities Act. The balance of the net proceeds from the offering is expected to be used to repay amounts borrowed under the Company's senior secured revolving credit facility and the remaining proceeds, if any, for general corporate purposes.
On June 6, US crude oil July futures fell 1.2% and closed at $64.73 per barrel—the lowest closing level for active US crude oil futures since April 9. In four out of the last five trading sessions, US crude oil July futures closed lower. On May 30–June 6, US crude oil active futures fell 5.1%.
On June 4, US crude oil July futures closed $2.78 above the July 2019 futures contract. On May 25, the futures spread or the price difference was at a premium of $4.49. On May 25–June 4, US crude oil July futures fell 4.6%.
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.
Last week (May 25–June 1), US crude oil futures ETFs’ performance was as follows: The United States Oil ETF (USO) fell 3.1%. The United States 12 Month Oil ETF (USL) fell 2.4%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 6.3%.
On May 23–30, our list of oil-weighted stocks fell 1.8%. US crude oil July futures fell 5.1% during this period. Below are the oil-weighted stocks with the biggest increases in the trailing week: Whiting Petroleum (WLL) rose 3.8%. Oasis Petroleum (OAS) rose 2.2%. WPX Energy (WPX) rose 1%.
NATCHEZ, Miss., May 31, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") announced today that it has priced $400 million aggregate principal amount of its 6.375% senior unsecured notes due 2026 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). This represents an increase of $100 million over the aggregate principal amount previously announced. The notes will be initially guaranteed on a senior unsecured basis by the Company's wholly-owned subsidiary, Callon Petroleum Operating Company, and may be guaranteed in the future by other subsidiaries. A portion of the net proceeds from the offering is expected to be used to partially fund the previously disclosed purchase from Cimarex Energy Co. of certain producing oil and gas properties and undeveloped acreage in the Delaware Basin.
Moody's Investors Service, ("Moody's") assigned a B3 rating to Callon Petroleum Company's ("Callon") proposed senior unsecured notes due 2026 and changed Callon Petroleum Company's outlook to positive from stable. Moody's also affirmed Callon's existing ratings, including the B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating and the B3 rating on the existing notes due 2024.
NATCHEZ, Miss., May 31, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced that, subject to market and other conditions, it intends to offer $300 million aggregate principal amount of senior unsecured notes due 2026 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). A portion of the net proceeds from the offering is expected to be used to partially fund the previously disclosed purchase from Cimarex Energy Co. of certain producing oil and gas properties and undeveloped acreage in the Delaware Basin. The balance of the net proceeds, if any, from the offering is expected to be used for general corporate purposes.