CPE - Callon Petroleum Company

NYSE - NYSE Delayed Price. Currency in USD
9.88
-0.33 (-3.23%)
At close: 4:07PM EDT
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Previous Close10.21
Open10.13
Bid0.00 x 1000
Ask10.33 x 34100
Day's Range9.81 - 10.14
52 Week Range9.34 - 14.65
Volume11,577,646
Avg. Volume6,083,703
Market Cap2.248B
Beta0.67
PE Ratio (TTM)16.36
EPS (TTM)0.60
Earnings DateJul 31, 2018 - Aug 6, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1998-06-26
1y Target Est17.10
Trade prices are not sourced from all markets
  • Lower US Crude Oil Production Forecasts for 2019
    Market Realist3 days ago

    Lower US Crude Oil Production Forecasts for 2019

    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.

  • PR Newswire5 days ago

    Callon Petroleum Company Announces Upcoming Investor Events

    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 ...

  • ACCESSWIRE7 days ago

    Free Pre-Market Technical Pulse on Callon Petroleum and Three More Independent Oil & Gas Stocks -- Kosmos Energy, National Fuel Gas, California Resources, and Callon Petroleum Co.

    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.

  • PR Newswire10 days ago

    Callon Petroleum Company Announces Closing of $400 Million Offering of Senior Unsecured Notes Due 2026

    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.

  • Oil Sell-Off: Which Oil-Weighted Stocks to Avoid
    Market Realist11 days ago

    Oil Sell-Off: Which Oil-Weighted Stocks to Avoid

    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%.

  • Is the Oil Market Concerned about Rising Production?
    Market Realist12 days ago

    Is the Oil Market Concerned about Rising Production?

    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%.

  • PR Newswire13 days 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.

  • How Oil ETFs Did Last Week
    Market Realist13 days ago

    How Oil ETFs Did Last Week

    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%.

  • Could US Crude Oil Fall More?
    Market Realist16 days ago

    Could US Crude Oil Fall More?

    On May 31, US crude oil July futures fell 1.7% and closed at $67.04 per barrel. That same day, the United States Oil ETF (USO) fell 2%.

  • Callon (CPE) Expands Notes Offering to Fund Delaware Buyout
    Zacks17 days ago

    Callon (CPE) Expands Notes Offering to Fund Delaware Buyout

    Callon (CPE) raises the principal amount of the senior unsecured notes from $300 million to $400 million.

  • Market Realist17 days ago

    Has Oil Dragged Oil-Weighted Stocks?

    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%.

  • PR Newswire17 days ago

    Callon Petroleum Company Announces Pricing of Upsized $400 Million Senior Unsecured Notes Offering

    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's17 days ago

    Callon Petroleum Company -- Moody's rates Callon Petroleum's new notes B3; outlook changed to positive

    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.

  • PR Newswire18 days ago

    Callon Petroleum Company Announces Launch of $300 Million Senior Unsecured Notes Offering

    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.

  • PR Newswire18 days ago

    Callon Petroleum Company Announces Closing of Common Stock Offering and Full Exercise of Over-allotment Option to Purchase Additional Shares

    NATCHEZ, Miss., May 30, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") announced today the closing of its previously announced underwritten public offering of 25,300,000 shares of its common stock, including 3,300,000 shares sold to the underwriters pursuant to their over-allotment option to purchase additional shares, which the underwriters exercised on May 29, 2018.  Following this issuance, Callon now has 227,495,770 shares of common stock issued and outstanding. The Company received approximately $288.6 million of total net proceeds from the offering after deducting underwriters' discounts and commissions and estimated offering expenses.  The Company intends to use the net proceeds from the offering 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.

  • How New Sanctions on Iran Could Affect Crude Oil Prices
    Market Realist18 days ago

    How New Sanctions on Iran Could Affect Crude Oil Prices

    On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran. On May 21, US Secretary of State Mike Pompeo announced a list of demands for Iran. The demands are a prerequisite for any new agreement. He highlighted that all uranium enrichment activity must stop. Pompeo also said that all support activities for militants in the Middle East should stop. Iran rejected the demands.

  • Thomson Reuters StreetEvents19 days ago

    Edited Transcript of CPE earnings conference call or presentation 7-Nov-17 2:00pm GMT

    Q3 2017 Callon Petroleum Co Earnings Call

  • Market Realist19 days ago

    Key Energy Events This Week

    Between May 29 and June 1, the events listed in the following table could impact oil and natural gas prices.

  • Oil ETFs versus US Crude Oil Last Week
    Market Realist19 days ago

    Oil ETFs versus US Crude Oil Last Week

    Between May 18 and May 25, the ETFs that follow US crude oil futures had the following performance results: The United States Oil ETF (USO) fell 5.2%. The United States 12 Month Oil ETF (USL) fell 4.3%. The ProShares Ultra Bloomberg Crude Oil ETF (UCO) fell 10.3%.

  • Where US Crude Oil Could Close Next Week
    Market Realist23 days ago

    Where US Crude Oil Could Close Next Week

    The inverse relationship between oil prices and oil’s implied volatility is illustrated in the above graph. Since US crude oil’s 12-year low in February 2016, US crude oil active futures have risen 169.8%. US crude oil’s implied volatility fell 70.1% between February 11, 2016, and May 24, 2018. Price forecast

  • Is Oil Losing Strength before Memorial Day Weekend?
    Market Realist23 days ago

    Is Oil Losing Strength before Memorial Day Weekend?

    On May 24, US crude oil July futures fell 1.6% and closed at $70.71 per barrel. On the same date, the United States Oil ETF (USO) fell 1.5%.

  • PR Newswire24 days ago

    Callon Petroleum Company Announces Pricing of Common Stock Offering

    NATCHEZ, Miss., May 24, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced that it has priced an underwritten public offering of 22,000,000 shares of its common stock for total estimated gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of $259.6 million.  The underwriters will have an option to purchase up to an additional 3,300,000 shares of common stock from the Company. Proceeds from the offering are expected to be used to partially fund the pending acquisition of assets from Cimarex Energy Co. as described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on May 24, 2018. If the pending acquisition is not consummated, the Company intends to use the net proceeds from the offering to fund a portion of its exploration and development activities, a potential redemption of its preferred stock, and for general corporate purposes, which may include leasehold interest and property acquisitions, repayment of indebtedness, and working capital.

  • PR Newswire24 days ago

    Callon Petroleum Company Announces Common Stock Offering

    NATCHEZ, Miss., May 24, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced that it has commenced, subject to market and other conditions, an underwritten public offering of 22,000,000 shares of its common stock. The Company expects to grant the underwriters an over-allotment option to purchase up to an additional 3,300,000 shares of common stock from the Company. Proceeds from the offering are expected to be used to partially fund the pending acquisition of assets from Cimarex Energy Co. as described in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on May 24, 2018.

  • PR Newswire24 days ago

    Callon Petroleum Company Announces Ward County Acquisition

    NATCHEZ, Miss., May 24, 2018 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or the "Company") today announced that its wholly owned subsidiary, Callon Petroleum Operating Company, has entered into a definitive agreement to acquire certain producing oil and gas properties and undeveloped acreage for total consideration of $570 million in cash from Cimarex Energy Co. The Company intends to fund the cash purchase price with the net proceeds of an equity offering announced concurrently with the announcement of this acquisition, cash on hand and/or incurrence of long-term indebtedness.

  • Market Realist24 days ago

    Oil Helped Oil-Weighted Stocks Rise

    On May 16–23, our list of oil-weighted stocks rose 0.5%. US crude oil July futures rose 0.4% during this period. Below are the oil-weighted stocks with the biggest increases in the trailing week: Denbury Resources (DNR) rose 10.5%. California Resources (CRC) rose 4.3%. Oasis Petroleum (OAS) rose 3.7%.