CPE - Callon Petroleum Company

NYSE - NYSE Delayed Price. Currency in USD
4.6800
-0.1000 (-2.09%)
At close: 4:02PM EDT

4.6800 0.00 (0.00%)
After hours: 5:04PM EDT

Stock chart is not supported by your current browser
Previous Close4.7800
Open4.6900
Bid4.6600 x 4000
Ask4.6700 x 21500
Day's Range4.5650 - 4.7300
52 Week Range3.7500 - 13.0900
Volume8,532,006
Avg. Volume15,249,815
Market Cap1.068B
Beta (3Y Monthly)1.63
PE Ratio (TTM)4.81
EPS (TTM)0.9730
Earnings DateNov 4, 2019 - Nov 8, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1998-06-26
1y Target Est8.78
Trade prices are not sourced from all markets
  • Permian Oil Production Growth to Continue: 5 Stocks in Focus
    Zacks

    Permian Oil Production Growth to Continue: 5 Stocks in Focus

    Production from the Permian Basin of Texas and New Mexico is set to climb by 71,000 barrels per day to a record of about 4.485 million barrels per day in October.

  • Implied Volatility Surging for Callon Petroleum (CPE) Stock Options
    Zacks

    Implied Volatility Surging for Callon Petroleum (CPE) Stock Options

    Investors need to pay close attention to Callon Petroleum (CPE) stock based on the movements in the options market lately.

  • 5 Cheap Energy Stocks to Buy Now
    InvestorPlace

    5 Cheap Energy Stocks to Buy Now

    Energy stocks are cooling somewhat on Tuesday after a dramatic over-the-weekend attack on Saudi oil facilities. The cool down has come after word production capacity could be restored more quickly than originally anticipated. But regardless of what happens to oil production, one thing is clear: The tensions in the Persian Gulf aren't going to go away anytime soon.This is especially true given that Iran is still unhappy with the Trump Administration's super tough economic sanctions. And Iran is likely to lash out further until it gets a response. * 10 Recession-Resistant Services Stocks to Buy As a result, U.S. shale oil looks set to fill in the supply gaps as needed -- providing a meaningful boost to the sector which has been on the defensive since oil prices peaked in 2014. Here are five cheap, small-cap energy stocks that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Energy Stocks to Buy: Whiting Petroleum (WLL)Whiting Petroleum (NYSE:WLL) stock is challenging its 50-day moving average again, threatening to end the downtrend that has been in place since April. A breakout should give way to a run at the 200-day moving average, which would be worth a double from here.The company will next report results on Oct. 30 after the close. Analysts are looking for earnings of 5 cents per share on revenues of roughly $446.4 million. WLL stock was recently upgraded by analysts at KeyBanc. Denbury Resources (DNR)Denbury Resources (NYSE:DNR) stock is rounding nicely from a multi-month consolidation range, setting up a move above its 200-day moving average. Shares of the shale producer fell from a high near $7 in the summer of 2018 before finding support near the lows set in 2016 and 2017 near the $1 mark. * 10 Big IPO Stocks From 2019 to Watch The company will next report results on Nov. 6 before the bell. Analysts are looking for earnings of 10 cents per share on revenues of $329.4 million. Callon Petroleum (CPE)Callon Petroleum (NYSE:CPE) stock has risen up and over its 50-day moving average, setting up a run at its 200-day average, which would be worth a gain of nearly 30% from here. Watch for an eventual run at the late 2018 highs near $12, which would be worth more than a double from here.The company will next report results on Nov. 5 after the close. Analysts are looking for earnings of 19 cents per share on revenues of $161.4 million. Oasis Petroleum (OAS)Oasis Petroleum (NYSE:OAS) stock is also pushing above its 50-day moving average and closing in on its 200-day average. This marks a return to the trading range that was in play throughout much of the year. Shares are trading well off of the levels seen in the summer of 2018 near $14. A return to those heights would be worth a 3x gain from here. * 7 Stocks the Insiders Are Buying on Sale The company will next report results on Nov. 5 after the close. Analysts are looking for a breakeven result on revenues of $512.5 million. Nabors Industries (NBR)Nabors Industries (NYSE:NBR) stock is trying to push up and over its 200-day moving average, looking to return to the highs seen back in April. If it reaches this level, it would be worth nearly a double from here. Shares have double-bottomed near $2 over the past two years, so a solid base of support has been formed that should control it.The company will next report results on Oct. 28 after the close. Analysts are looking for a loss of 21 cents per share on revenues of $800.6 million.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 5 Cheap Energy Stocks to Buy Now appeared first on InvestorPlace.

  • Barrons.com

    First United, Sunrun and Other 13D Filings

    Driver Management revealed on Sept. 5 that it holds 360,637 shares of the community bank, equal to nearly 5.1% of the outstanding stock. Driver continued that First United “lacks scale to justify an elevated expense base” and possess a branch network that has been unable to “create sufficient operating leverage due to lackluster organic loan growth.” Driver recommends that a sale to a larger peer would be the best route to enhance shareholder value. It believes that such a move would “unlock the value of [First United’s] high-quality deposit franchise and attractive trust and wealth management businesses,” and also lift shareholder value without the “risk and uncertainty” of First United attempting to scale-up its business on its own.

  • Paulson Says Callon Should Target Sale Over Carrizo Purchase
    Bloomberg

    Paulson Says Callon Should Target Sale Over Carrizo Purchase

    (Bloomberg) -- Paulson & Co. has come out against Callon Petroleum Co.’s $1.2 billion deal to buy Carrizo Oil & Gas Inc., arguing the Permian Basin energy explorer should walk away from the deal and put itself up for sale.The New York hedge fund, founded by billionaire John Paulson, said in a letter to Callon’s board Monday it owns a 9.5% stake in the company and plans to vote against the deal. Paulson noted that Callon’s shares had fallen about 36% since the transaction was announced in July, destroying about $530 million for shareholders.After the letter, Callon’s shares rose 15% to $4.71 in New York trading, giving the Houston-based company a market value of about $1.07 billion. Carrizo closed up 12% to $8.94 on Monday, giving it a market value of $827 million.“We believe Callon shareholders would be better off if Callon’s board and management pursued a sale,” Marcelo Kim and Jim Hoffman, partners at Paulson, said in the letter, which was obtained by Bloomberg.Callon could be worth $6.69 per share in a sale, they said. That’s about 64% higher than where it traded at the end of last week.The Carrizo transaction will provide “compelling value” to Callon shareholders, Callon said in a statement.“We remain confident in the strategic and financial benefits of our combination with Carrizo, which will create a leading oil and gas company with scaled development operations focused on the Permian Basin in a transaction that is accretive on all per share metrics,” Callon said.Callon said it expects the deal to close in the fourth quarter.A representatives for Carrizo wasn’t immediately available for comment.‘Unwarranted’ PremiumCallon is overpaying for Carrizo, Kim and Hoffman said.“Callon is offering an unwarranted 25% premium,” they said. “According to the proxy, no other potential buyer of Carrizo was willing to pay such a premium.”The transaction would give Callon “inferior” assets in the Eagle Ford shale that would discourage potential buyers of the company, they said. Companies that mostly operate in the Eagle Ford of south Texas tend to trade at a discount to companies such as Callon that primarily operate in the Permian, the most productive oilfield in the U.S., they said.Permian explorers are worth more because they make more money. Deals including Occidental Petroleum Corp.’s takeover of Anadarko Petroleum Corp. underscore the attractiveness of the Permian, they said.“We believe that there would be many acquirers interested in Callon,” Kim and Hoffman said.(Updates with Callon comment in sixth paragraph.)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Christine Buurma, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • John Paulson's Firm Bites Into Callon Petroleum
    GuruFocus.com

    John Paulson's Firm Bites Into Callon Petroleum

    Merger-arbitrage guru denounces company’s planned merger with Carrizo Continue reading...

  • Why Callon Petroleum Stock Is Soaring Today
    Motley Fool

    Why Callon Petroleum Stock Is Soaring Today

    An investor is pushing back against the oil company’s plan.

  • Will These 2 Falling Knives Bounce Back?
    GuruFocus.com

    Will These 2 Falling Knives Bounce Back?

    The stocks have a buy recommendation rating Continue reading...

  • Reuters

    UPDATE 3-Paulson's hedge fund calls on Callon Petroleum to drop merger, sell itself

    Billionaire investor John Paulson's hedge fund on Monday urged Callon Petroleum Co to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc , and instead consider selling itself. Callon replied to the call from the hedge fund by saying it remains confident in the deal with Carrizo. "We remain confident in the strategic and financial benefits of our combination with Carrizo, which will create a leading oil and gas company with scaled development operations focused on the Permian Basin in a transaction that is accretive on all per share metrics", Callon said in a statement.

  • MarketWatch

    Callon, Carrizo stocks soar after Callon shareholder to vote against merger, urges sale of company

    Shares of Carrizo Oil & Gas Inc. surged 6.0% and Callon Petroleum Co. ran up 11% in premarket trading Monday, after Paulson & Co, a large Callong shareholder, said it plans to vote against the acquisition of Carrizo. Paulson also urged Callon to pursue a sales of the company. In a letter to Callon's board of directors, Paulson said Callon's stock has lost 36% since the acquisition deal was announced, Callon would lost its valuation as a "pure play" Permian producer, the premium paid for Carrizo is unjustifiable given its "inferior" assets and Callon's shares could be worth 64% more than current prices through a sale of the company. Callon had announced on July 15 a deal to buy Carrizo in an all-stock deal valued at $3.2 billion. Paulson said Monday it owned 21.6 million Callon shares, or 9.5% of the shares outstanding. Shares of Callon have shed 34.9% and Carrizo have dropped 23.5% over the past three months, while the SPDR Energy Select Sector ETF has slipped 3.7% and the S&P 500 has gained 3.7%.

  • 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.

  • Rigzone.com

    Paulson Says Callon Should Walk Away from Carrizo Purchase

    Paulson & Co. has come out against Callon Petroleum Co.'s $1.2 billion deal to buy Carrizo Oil & Gas Inc., arguing the Permian Basin energy explorer should walk away from the deal and put itself up for sale.

  • 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, ...

  • Why Is Callon (CPE) Down 21.1% Since Last Earnings Report?
    Zacks

    Why Is Callon (CPE) Down 21.1% Since Last Earnings Report?

    Callon (CPE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Is Callon Petroleum Company’s (NYSE:CPE) 7.0% Return On Capital Employed Good News?
    Simply Wall St.

    Is Callon Petroleum Company’s (NYSE:CPE) 7.0% Return On Capital Employed Good News?

    Today we'll evaluate Callon Petroleum Company (NYSE:CPE) to determine whether it could have potential as an investment...

  • 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 ...

  • South Texas drilling permit roundup: Carrizo makes Eagle Ford return
    American City Business Journals

    South Texas drilling permit roundup: Carrizo makes Eagle Ford return

    The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.

  • Thomson Reuters StreetEvents

    Edited Transcript of CPE earnings conference call or presentation 7-Aug-19 1:00pm GMT

    Q2 2019 Callon Petroleum Co Earnings Call

  • Callon (CPE) Tops Q2 Earnings Estimates, Keeps FY19 View
    Zacks

    Callon (CPE) Tops Q2 Earnings Estimates, Keeps FY19 View

    The surge in oil equivalent volumes supports Callon's (CPE) Q2 numbers.

  • Callon Petroleum (CPE) Q2 2019 Earnings Call Transcript
    Motley Fool

    Callon Petroleum (CPE) Q2 2019 Earnings Call Transcript

    CPE earnings call for the period ending June 30, 2019.

  • How Much Are Callon Petroleum Company (NYSE:CPE) Insiders Taking Off The Table?
    Simply Wall St.

    How Much Are Callon Petroleum Company (NYSE:CPE) Insiders Taking Off The Table?

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...

  • Callon Petroleum (CPE) Surpasses Q2 Earnings and Revenue Estimates
    Zacks

    Callon Petroleum (CPE) Surpasses Q2 Earnings and Revenue Estimates

    Callon (CPE) delivered earnings and revenue surprises of 27.78% and 3.15%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • 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, ...