|Bid||6.80 x 800|
|Ask||6.92 x 21500|
|Day's Range||6.65 - 7.20|
|52 Week Range||5.57 - 13.09|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||6.98|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||11.47|
The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott Management Corp. made a $2 billion proposal to acquire the company. A final decision hasn’t been made and QEP’s plans could still change, they said. Representatives for Blackstone and Elliott declined to comment.
Callon Petroleum's (CPE) first-quarter 2019 earnings are supported by higher production volumes, partially offset by increased operating expenses.
On a per-share basis, the Houston-based company said it had a loss of 9 cents. Earnings, adjusted for non-recurring costs, came to 16 cents per share. The results exceeded Wall Street expectations. The ...
HOUSTON , May 6, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three months ended March 31, 2019. ...
Before we spend countless hours researching a company, we'd like to analyze what insiders, hedge funds and billionaire investors think of the stock first. We would like to do so because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out what the billionaire investors […]
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Callon Petroleum Company (NYSE:CPE) is a company with exceptional fundamental characteristic...
Crude Oil in April: Best Month since Late 2016(Continued from Prior Part)Changes in inventory levels On May 1, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. A rise up to 0.97
Callon (CPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
A little bit of profit taking has descended on Wall Street after the S&P 500 hit a new record closing high earlier in the week. All is normal and typical behavior after such an impressive move out of the late December low.Energy stocks continue to be an area of warmth and light as crude oil prices push toward the $70-a-barrel level on increased tensions with Iran following President Trump's decision to further tighten the vice on Tehran's oil exports. His Administration announced that exemptions that allowed trading partners to import Iranian oil would be ended. All this comes as the summer driving season is set to start. * 10 Automation Stocks to Buy for the 21st Century As a result, a number of names in the energy sector are perking up. Especially smaller, cheaper names that have really yet to follow crude oil's push back above its 200-day moving average. Here are five energy stocks trading for less than $10 that are worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Transocean (RIG) Click to EnlargeShares of Transocean (NYSE:RIG) are holding steady above their 50-day moving average, setting up a push to challenge the 200-day moving average that was last crossed back in September. A return to the triple-top resistance set late last year would be worth a gain of more than 60% from here.The company will next report results on April 29 after the close. Analysts are looking for a loss of 29 cents per share on revenues of $751.3 million. When the company last reported on Feb. 19, a loss of 34 cents per share missed estimates by 10 cents on an 18.9% rise in revenues. Callon Petroleum (CPE) Click to EnlargeShares of Callon Petroleum (NYSE:CPE) look set to exit out of a four-month consolidation range with a break above resistance near the $8.50-a-share level. Watch for a run at the 200-day moving average, which would be worth a gain of nearly 20% from here. Earlier this month, the company agreed to sell non-core assets in the Midland Basin for $260 million in cash. * 7 Cloud Stocks to Buy Now The company will next report results on May 6 after the close. Analysts are looking for earnings of 15 cents per share on revenues of $151.4 million. When the company last reported on Feb. 26, earnings of 68 cents per share beat estimates by 48 cents on a 37% rise in revenues. Denbury Resources (DNR) Click to EnlargeShares of Denbury Resources (NYSE:DNR) are arcing up and out of a six-month consolidation range, setting up a move to fill the selloff gap formed in late October that would coincide with a move above its 200-day moving average. Zooming out, the stock has been mired in a churning consolidation range since late 2015, so a rotation back to overhead resistance near $4.50 should be expected.The company will next report results on May 7 before the bell. Analysts are looking for earnings of 8 cents per share on revenues of $307 million. When the company last reported on Feb. 27, earnings of 10 cents per share beat estimates by a penny on a 4.7% rise in revenues. Oasis Petroleum (OAS) Click to EnlargeOasis Petroleum (NYSE:OAS) shares look ready to break up and out of a five-month consolidation range with a move above its January high. This comes despite a downgrade from IFS Securities earlier in the week. Watch for a run at the 200-day moving average, lost back in October, which would be worth a gain of nearly 40% from here. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally The company will next report results on May 28 after the close. Analysts are looking for earnings of 4 cents per share on revenues of $421.7 million. When the company last reported on Feb. 26, a loss of 2 cents per share missed estimates by 6 cents on a 37.9% rise in revenues. Laredo Petroleum (LPI) Click to EnlargeShares of Laredo Petroleum (NYSE:LPI) are mired in a tight but still tightening consolidation range going back to December. This caps an 80%+ decline from the highs seen in late 2016. Watch for an energy price tailwind to drive shares to a challenge of its 200-day moving average, which would be worth a gain of nearly 70% from here. Management is in the midst of a cost-cutting plan, slicing labor costs by 25%.The company will next report results on May 1 after the close. Analysts are looking for earnings of 9 cents per share on revenues of $185.1 million. When the company last reported on Feb. 13, earnings of 16 cents per share missed estimates by 6 cents on a 10.4% decline in revenues.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 Dividend Stocks That Could Double Over the Next Five Years * 6 S&P 500 Stocks Ready to Break Out * 5 Mining ETFs to Dig Into Compare Brokers The post 5 Cheap Energy Stocks to Buy Under $10 appeared first on InvestorPlace.
Callon Petroleum Company has entered into a definitive agreement to divest its non-core assets in the Ranger operating area of the Midland Basin for $260 million cash.
Oil prices have hit a five month high as bullish sentiment continues to grow on the back of violence in Libya and banks hiking their pricing forecasts
Callon Petroleum Co. (NYSE: CPE), which recently moved its headquarters to Houston, will sell some of its noncore Midland Basin assets to an undisclosed buyer. Callon expects to receive initial cash proceeds of $260 million, subject to customary purchase price adjustments, and incremental cash payments of up to $60 million based upon future commodity prices, according to an April 8 press release. The assets are in the Ranger operating area of the southern Midland Basin and include approximately 9,850 net Wolfcamp acres and more than 80 currently producing horizontal wells that have been drilled since 2012. The assets produced an average of about 4,000 barrels of oil equivalent per day in February 2019, and Callon wasn’t planning to invest in any new activity in the area for 2019. The deal will help increase Callon’s “capital efficiency by monetizing lower margin, non-core properties that have not competed for capital on a sustained basis,” Joe Gatto, Callon’s president and CEO, said in the April 8 release.
Callon Petroleum's (CPE) decision to divest certain non-core assets in the Midland Basin is in sync with its strategy of monetizing lower margin, non-core properties.
HOUSTON, April 8, 2019 /PRNewswire/ -- Callon Petroleum Company (CPE) ("Callon" or "we") today announced it has entered into a definitive agreement regarding the sale of certain non-core assets in the Midland Basin for initial cash proceeds of $260 million, subject to customary purchase price adjustments. The agreement also provides for potential incremental cash payments of up to $60 million based upon future commodity prices with upside participation starting at the $60/Bbl West Texas Intermediate level. The proceeds from this divestiture will accelerate our debt reduction initiatives and also provide the opportunity to retire our preferred stock, reducing our cash financing costs.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Callon Petroleum Company (NYSE:CPE) shareholders should be happy to see the share price up 13% in the last month. But t...
HOUSTON , April 4, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its first quarter 2019 financial and operating results. Webcast and Conference Call: ...
Analyzing Key Dynamics of the Oil Market(Continued from Prior Part)Changes in inventory levelsOn March 27, the EIA (U.S. Energy Information Administration) is scheduled to announce last week’s US crude oil inventory data. Any rise up to 1.4 MMbbls
Analyzing Key Dynamics of the Oil Market(Continued from Prior Part)Futures spreadOn March 25, the US crude oil May 2019 futures closed just ~$0.08 above the May 2020 futures. On March 18, the futures spread was at a premium of $0.24. On March
HOUSTON , March 19, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that senior management plans to participate in the upcoming ...