Last $10.79 USD
Change Today +0.14 / 1.31%
Volume 800.3K
CPE On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

callon petroleum co (CPE) Snapshot

Open
$10.74
Previous Close
$10.65
Day High
$11.11
Day Low
$10.55
52 Week High
07/2/14 - $12.09
52 Week Low
07/30/13 - $3.96
Market Cap
436.5M
Average Volume 10 Days
753.3K
EPS TTM
$0.01
Shares Outstanding
40.4M
EX-Date
--
P/E TM
946.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for CALLON PETROLEUM CO (CPE)

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callon petroleum co (CPE) Details

Callon Petroleum Company is engaged in the acquisition, exploration, development, and production of oil and gas properties properties in the Permian Basin in West Texas. As of December 31, 2013, its estimated net proved reserves totaled 14.9 million barrel of oil equivalent, including 11.9 million barrels of oil and 17.8 billion cubic feet of natural gas. The company was founded in 1950 and is headquartered in Natchez, Mississippi.

94 Employees
Last Reported Date: 03/13/14
Founded in 1950

callon petroleum co (CPE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.2M
Chief Financial Officer and Treasurer
Total Annual Compensation: $675.0K
Senior Vice President of Operations
Total Annual Compensation: $744.0K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $774.0K
Vice President of Exploration
Total Annual Compensation: $384.4K
Compensation as of Fiscal Year 2013.

callon petroleum co (CPE) Key Developments

Callon Petroleum Company Declares Cash Dividend on Series A Preferred Stock, Payable on June 30, 2014

Callon Petroleum Company announced that it has declared a cash dividend of $1.25 per share, on its 10.0% Series A Cumulative Preferred Stock. The dividend will be paid on June 30, 2014 to stockholders of record as of June 13, 2014.

Callon Petroleum Company Presents at 2014 Louisiana Energy Conference, Jun-11-2014 01:15 PM

Callon Petroleum Company Presents at 2014 Louisiana Energy Conference, Jun-11-2014 01:15 PM. Venue: Westin Canal Place Hotel, 100 Iberville Street, New Orleans, Louisiana, United States. Speakers: Fred L. Callon, Chairman, Chief Executive Officer, President, Chief Executive Officer of Callon Petroleum Operating Company and President of Callon Petroleum Operating Company.

Callon Petroleum Co. Announces Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for Second Quarter of 2014; Revises Production Guidance for Full Year 2014

Callon Petroleum Co. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company reported total operating revenues of $33,285,000 compared to $22,541,000 for the same period a year ago. Income from operations was $6,645,000 compared to $898,000 for the same period a year ago. Income before income taxes was $3,204,000 compared to loss before income taxes of $990,000 for the same period a year ago. Loss available to common stockholders was $111,000 or 0.00 per basic and diluted share against $800,000 or 0.02 per basic and diluted share for the same period in the last year. Net cash provided by operating activities was $19,967,000 compared to $12,875,000 for the same period a year ago. Capital expenditures were $65,760,000 compared to $30,089,000 for the same period a year ago. Adjusted net income was $4,354,000 or $0.11 per diluted share compared to adjusted net loss of $248,000 or $0.00 per diluted share for the same period a year ago. Adjusted EBITDA was $21,876,000 compared to $13,353,000 a year ago. Discretionary cash flow was $18.7 million, an increase of $2.9 million, or 19%, over the fourth quarter of 2013 of $15.8 million.  For the quarter, the company announced total production of 392 MBoe compared to 328 MBoe for the same period a year ago. Average daily production was 4.4 MBoe compared to 3.6 MBoe for the same period a year ago. Net oil production was 332 MBbls compared to 203 MBbls a year ago. Net natural gas production was 363 MMcf compared to 738 MMcf a year ago. For the second quarter, the company projects total production to be 5,000-5,250 BOE per day. Based on results from Callon’s initial horizontal wells in the Central Midland Basin and the impact of optimized completion designs in the Southern Midland Basin, the company has updated its production and expense guidance for 2014. For the full year, the company now projects total production to be 5,100-5,400 BOE per day when compared to previous guidance of 4,700-5,100 BOE per day. Capital costs related to this optimized completion design are currently estimated to increase operational capital by approximately $9 million in 2014. Collectively, the company estimates that the associated net increase in operational capital for 2014 will approximate $15 million.

 

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Industry Analysis

CPE

Industry Average

Valuation CPE Industry Range
Price/Earnings 100.0x
Price/Sales 3.8x
Price/Book 1.5x
Price/Cash Flow 8.5x
TEV/Sales 2.7x
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