Streetbeat News

CPE

Callon Petroleum Co.

https://www.callon.com/

CEO

Joseph Gatto

Employees

358

Industry

Crude Petroleum and Natural Gas Extraction

founded in 1950, callon petroleum company is an independent oil and natural gas company focused on growing production and reserves from our oil-weighted, multi-play, multi-pay assets in the permian basin.

Open

35.45

Mkt cap

2.4B

Volume

30M

High

36.18

P/E Ratio

5.78

52-wk high

41.36

Low

35.35

Div yield

N/A

52-wk low

28.62

Shares for air conditioner manufacturers and utility companies are rising as a heat wave moves from the Midwest to the South. Companies like Generac Holdings, Comfort Systems USA, Watsco, Lennox International, Carrier Holdings, American Electric Power, CenterPoint Energy, Entergy Corp, and CMS Energy saw gains in their stock prices.

Portfolio Pulse from Michael Juliano

June 24, 2024 | 5:36 pm

Inari Medical will replace Callon Petroleum in the S&P SmallCap 600 before trading opens on April 1, due to APA Corp.'s acquisition of Callon Petroleum, expected to finalize around that date.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 9:21 pm

Analysts have a neutral outlook on Callon Petroleum (NYSE:CPE), with all four recent ratings being indifferent. The 12-month price target averages $36.25, down from $40.67, indicating a 10.87% decrease. Analysts from Mizuho and Stifel have adjusted their price targets and ratings, reflecting concerns over Callon's financial performance, including a -14.61% revenue decline, below-average net margin, ROE, and ROA, but a healthier debt-to-equity ratio compared to the industry.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 12:01 pm

Mizuho analyst Nitin Kumar has maintained a Neutral rating on Callon Petroleum (CPE) and reduced the price target from $38 to $35.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 11:33 am

Marathon Oil Corp (MRO) is forecasted by JPMorgan analyst Arun Jayaram to see a 30% stock upswing, with a price target of $32. Despite a modest 1.8% gain in 2024, the company stands out in the E&P sector with a 16% Free Cash Flow yield for 2024, based on current oil and gas prices. Other companies like Vermilion Energy Inc (VET), Vital Energy (VTLE), Callon Petroleum Co (CPE), and Gulfport Energy Corp (GPOR) are also highlighted as top performers in the sector for 2024 and 2025.

Portfolio Pulse from Surbhi Jain

March 04, 2024 | 2:56 pm

APA anticipates the completion of its acquisition of Callon Petroleum (CPE) around April 1, 2024. Both companies have set March 27, 2024, for shareholder votes on the deal. The Hart-Scott-Rodino Antitrust waiting period expired on February 22, 2024, indicating regulatory clearance.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 10:54 pm

Callon Petroleum (CPE) announced it has stopped providing guidance due to its pending merger with APA Corporation. This strategic move is likely in preparation for the merger process and integration efforts.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:38 pm

Callon Petroleum (NYSE:CPE) reported Q4 earnings of $1.62 per share, slightly above the $1.61 estimate but a 51.79% decrease from last year. Sales were $485.73M, missing the $546.26M estimate and down 13.56% from the previous year.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:38 pm

Callon Petroleum (NYSE:CPE) reported Q4 earnings of $1.62 per share, slightly beating the consensus estimate of $1.61. This represents a 51.79% decrease from the $3.36 per share earned in the same quarter last year.

Portfolio Pulse from Happy Mohamed

February 26, 2024 | 9:37 pm

Callon Petroleum (NYSE:CPE) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target has been adjusted downwards to $38.8 from $44.75, reflecting a 13.3% decline. Analysts from Mizuho, Stifel, and Morgan Stanley have adjusted their ratings and price targets, indicating a cautious outlook on the company's performance. Callon Petroleum, engaged in oil and natural gas exploration and production, faces challenges such as a significant revenue decline of -25.91% and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

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