Callon Petroleum Company (CPE)

NYSE: CPE · IEX Real-Time Price · USD
29.78
-0.01 (-0.03%)
At close: Dec 7, 2023, 4:00 PM
29.82
+0.04 (0.13%)
After-hours: Dec 7, 2023, 4:38 PM EST
-0.03%
Market Cap 2.02B
Revenue (ttm) 2.45B
Net Income (ttm) 504.69M
Shares Out 67.77M
EPS (ttm) 7.98
PE Ratio 3.73
Forward PE 3.62
Dividend n/a
Ex-Dividend Date n/a
Volume 1,384,783
Open 30.04
Previous Close 29.79
Day's Range 29.54 - 30.19
52-Week Range 28.91 - 44.49
Beta 2.54
Analysts Buy
Price Target 47.88 (+60.78%)
Earnings Date Nov 1, 2023

About CPE

Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in West Texas. The company was founded in 1950 and is headquartered in Houston, Texas. [Read more]

Industry Oil & Gas E&P
Sector Energy
IPO Date Dec 19, 1988
Employees 354
Stock Exchange NYSE
Ticker Symbol CPE
Full Company Profile

Financial Performance

In 2022, CPE's revenue was $3.23 billion, an increase of 57.99% compared to the previous year's $2.05 billion. Earnings were $1.21 billion, an increase of 231.32%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CPE stock is "Buy." The 12-month stock price forecast is $47.88, which is an increase of 60.78% from the latest price.

Price Target
$47.88
(60.78% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Five potential takeover targets in the oil industry, following deals by Exxon Mobil and Chevron

This could be a good time for investors to pour money into stocks of companies involved in the production of oil and natural gas. And the best reason for that may have nothing to do with military conf...

Other symbols: CVXXOMFANGHESPRPXDSM
4 weeks ago - Market Watch

Callon Petroleum Company Reports Third Quarter 2023 Results

Reduced long-term debt to $1.9 billion Reiterated full-year 2023 capital expenditure outlook of $960 – $980 million Recent efficiency gains are expected to reduce 2024 drilling, completion, and facili...

5 weeks ago - PRNewsWire

Callon Petroleum Company Schedules Third Quarter 2023 Conference Call for November 2, 2023

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its third quarter 2023 financial and operating resul...

7 weeks ago - PRNewsWire

Callon Petroleum Releases Annual Sustainability Report

HOUSTON , Oct. 4, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) today announces the publication of its 2022 Sustainability Report, highlighting the Company's progress and initiatives on en...

2 months ago - PRNewsWire

Stocks This Week: Buy SM Energy And Callon Petroleum

September has traditionally been a weak month. The energy sector is top-ranked for performance in this month.

Other symbols: SM
3 months ago - Forbes

Callon Petroleum Company Announces Second Quarter 2023 Results

Delivered 7% sequential production growth Capital expenditures at low end of guidance 13th straight quarter of delivering adjusted free cash flow Share buyback program to commence in 3Q HOUSTON , Aug....

4 months ago - PRNewsWire

Callon Petroleum Company Schedules Second Quarter 2023 Conference Call for August 3, 2023

HOUSTON , July 18, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its second quarter 2023 financial and operating resu...

5 months ago - PRNewsWire

CALLON PETROLEUM COMPANY ANNOUNCES THE CLOSING OF DELAWARE BASIN ACQUISITION AND EAGLE FORD DIVESTITURE

Reduces Outstanding Debt by Approximately $300 Million Will Commence Share Buyback Program in the Third Quarter HOUSTON , July 5, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or...

5 months ago - PRNewsWire

CALLON PETROLEUM COMPANY ANNOUNCES CHIEF OPERATING OFFICER TRANSITION

Jeff Balmer to Retire from Position, Russell Parker to Succeed Him as COO HOUSTON , May 18, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that R...

7 months ago - PRNewsWire

Callon Petroleum Company Announces Participation in Upcoming Investor Events

HOUSTON, May 10, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") intends to participate in the follow upcoming investor events and plans to post an updated invest...

7 months ago - PRNewsWire

Callon to Acquire Core Delaware Basin Assets and Exit Eagle Ford

Transactions solidify Company's Permian focus and accelerate achievement of debt milestone Company to launch $300 million share buyback at closing HOUSTON , May 3, 2023 /PRNewswire/ -- Callon Petroleu...

7 months ago - PRNewsWire

Callon Petroleum Company Announces First Quarter 2023 Results

Reported net income of $220.6 million, or $3.57 per diluted share Reported adjusted income of $119.9 million, or $1.94 per diluted share 1Q23 production in line with guidance with capital expenditures...

7 months ago - PRNewsWire

Callon Petroleum Company Announces Board Updates Including Appointment of Matthew R. Bob as Chair

HOUSTON , April 27, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that Matthew R. Bob has been named Chair of the Board of Directors and James (...

8 months ago - PRNewsWire

Callon Petroleum Company Schedules First Quarter 2023 Conference Call for May 4, 2023

HOUSTON , April 18, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its first quarter 2023 financial and operating resu...

8 months ago - PRNewsWire

Callon Issues 2023 Capital Program and Outlook, Projected to Generate More Than $2.75 Billion in Adjusted Free Cash Flow Over The Next Five Years

Capital budget implies approximately 60% reinvestment rate, improving capital efficiencies and further debt reduction Company projected to reach key $2 billion debt milestone in 2H23 HOUSTON , Feb. 22...

10 months ago - PRNewsWire

Callon Petroleum Company Announces Fourth Quarter and Full Year 2022 Results

FY22 net cash provided by operating activities and net income set Company records Increased full year operating margin by nearly 40% 4Q22 and FY22 capital expenditures and production in-line with guid...

10 months ago - PRNewsWire

Callon Petroleum Company Announces Retirement of Board Chair

HOUSTON , Feb. 13, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced L. Richard Flury's intention to retire from the Board of Directors following th...

10 months ago - PRNewsWire

Callon Petroleum Company Schedules Fourth Quarter and Full Year 2022 Conference Call for February 23, 2023

HOUSTON , Feb. 9, 2023 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its fourth quarter and full year 2022 financial and o...

10 months ago - PRNewsWire

The Robot Portfolio Chugs On, Up 915% in 24 Years

These companies have market caps of at least $500 million, have positive earnings and debt that doesn't exceed its net worth.

1 year ago - GuruFocus

Callon Petroleum Company Announces New Officer Appointments

HOUSTON , Nov. 29, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that the Company has added to its management team with three hires across areas...

1 year ago - PRNewsWire

Callon Petroleum Company Announces Departure of Board Member

HOUSTON , Nov. 7, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that Michael L. Finch has stepped down as a director of the Company.

1 year ago - PRNewsWire

Callon Petroleum Company Announces Third Quarter 2022 Results

HOUSTON , Nov. 2, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today reported results of operations for the three and nine months ended September 30, 2022. Pre...

1 year ago - PRNewsWire

Callon Petroleum Announces Extension of Revolving Credit Facility

HOUSTON , Oct. 24, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that the Company entered into an amended and restated senior secured revolving ...

1 year ago - PRNewsWire

Callon Petroleum Company Schedules Third Quarter 2022 Conference Call for November 3, 2022

HOUSTON , Oct. 18, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") plans to host a conference call to discuss its third quarter 2022 financial and operating resul...

1 year ago - PRNewsWire

Investor demand for energy stocks will soon increase ‘dramatically,' analyst says

Investors appear ready to starting buying energy stocks again as earnings start rolling in. They are looking to boost their weightings in the sector given healthy free-cash flows (FCF), said analyst N...

Other symbols: APABKRKMIMTDRMURNOGSLB
1 year ago - Market Watch