1.1900 +0.01 (0.85%)
After hours: 6:36PM EDT
|Bid||1.1800 x 40000|
|Ask||1.2000 x 36100|
|Day's range||1.1500 - 1.2400|
|52-week range||0.3800 - 6.7600|
|Beta (5Y monthly)||2.80|
|PE ratio (TTM)||1.11|
|Earnings date||04 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Jun 1998|
|1y target est||1.26|
Callon Petroleum (CPE) expects to have an inventory of 70 drilled, uncompleted wells by second quarter-end, which is set to pave the way for capital-efficient production addition.
WTI was roughly flat while Brent was down slightly -- rumors were swirling in the industry that two deeply indebted producers were about to file for bankruptcy despite the recent run-up in crude prices. Leading the downward spiral were Occidental Petroleum (NYSE: OXY), Callon Petroleum (NYSE: CPE), Gulfport Energy (NASDAQ: GPOR), Centennial Resource Development (NASDAQ: CDEV), Oasis Petroleum (NYSE: OAS), and Denbury Resources (NYSE: DNR).
A good outcome at a key weekend meeting had investors excited all over again, and very big stock price gains were the end result.
Investors continue to hope that the economic recovery has taken firm root, and they're looking to the Federal Reserve to indicate that it will keep providing monetary policy assistance to help push socks higher. Energy stocks have been the latest sector to rise sharply in the rally, as oil prices have started to return to more normal levels. Among the big winners on Monday morning were Chesapeake Energy (NYSE: CHK) and Callon Petroleum (NYSE: CPE), both of which had seen their share prices drop precipitously during the worst of the coronavirus bear market.
Oil prices are in rally mode today. WTI, the main U.S. oil price benchmark, was up 4.5% to about $39 a barrel by 10:15 a.m. EDT on Friday. Fueling the rebound in crude prices was a report that OPEC and its partners had agreed to extend their historic production cut by another two months.
Investors need to pay close attention to Callon Petroleum (CPE) stock based on the movements in the options market lately.
Oil prices started this week with a bang. WTI, the primary U.S. oil price benchmark, had rallied more than 10% by 10:30 a.m. EDT on Monday, to around $32.50 a barrel, while Brent, the global oil price benchmark, jumped more than 7% to nearly $35 a barrel. The surge in crude prices buoyed most oil stocks.
Shares of hard-hit oil and gas exploration and production companies (E&Ps) Callon Petroleum (NYSE: CPE), Diamondback Energy (NASDAQ: FANG), and EOG Resources (NYSE: EOG) soared in April, according to data provided by S&P Global Market Intelligence. EOG's shares were up 32.3%, Diamondback's shares jumped 66.2%, and Callon's shares rocketed up 71.5% during the month. Year to date, EOG shares are down 38.3%, Diamondback's shares are down 54.4%, and Callon's stock has fallen a jaw-dropping 83.3%.
The big oil production curtailment in the U.S. shale patch continues as more companies announced on Monday output reductions to protect their balance sheets in the face of unsustainably low oil prices
Today, our president and CEO, Joe Gatto, will provide a brief discussion of our quarterly results and a summary of recent actions and the current outlook. During these prepared remarks, we'll be referencing the earnings results presentation we posted this morning to our website. You can find the slides on our events and presentations page, located within the investors section of our website at www.callon.com.
Callon (CPE) delivered earnings and revenue surprises of -20.00% and -15.91%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
An increase in oil and gas production is likely to reflect on Callon Petroleum's (CPE) first-quarter results. Lower commodity price realizations are likely to have offset the positives.
KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating the damages sustained during the Coronavirus ("COVID-19") pandemic by employees and investors who held large positions in Callon Petroleum (NYSE:CPE) stock at full-service brokerage firms. Investment portfolios holding large positions can carry significant downside risks. The investigation focuses on full-service brokerage firms’ negligence and mismanagement of large positions that resulted in employees and investors suffering substantial losses.
One thing we could say about the analysts on Callon Petroleum Company (NYSE:CPE) - they aren't optimistic, having just...
To the annoyance of some shareholders, Callon Petroleum (NYSE:CPE) shares are down a considerable 33% in the last...
Of the additional $200-billion purchase of U.S. goods over the next two years (keeping 2017 imports as the base level), $52.4 billion will likely come from the energy sector.
Schlumberger's (SLB) Reservoir Characterization and Drilling segments are expected to have generated lower earnings in the fourth quarter than the year-ago period.
The Zacks Analyst Blog Highlights: Callon Petroleum, Diamondback Energy, Pioneer Natural Resources and Concho Resources