Last $10.26 USD
Change Today -0.47 / -4.38%
Volume 800.1K
CPE On Other Exchanges
Symbol
Exchange
New York
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As of 1:49 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

callon petroleum co (CPE) Snapshot

Open
$11.03
Previous Close
$10.73
Day High
$11.05
Day Low
$10.24
52 Week High
07/2/14 - $12.09
52 Week Low
09/6/13 - $4.49
Market Cap
419.1M
Average Volume 10 Days
686.6K
EPS TTM
$0.10
Shares Outstanding
40.8M
EX-Date
--
P/E TM
102.3x
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 Seeks Acquisitions

Callon Petroleum Company (NYSE:CPE) will consider acquisitions. Gary Newberry, Senior Vice President of Operations said, "Bolt-on acquisitions are a big part of our strategy. And I get that may not be exciting, day to day. But suffice it to say, we have a lot of work going on in the Midland basin, in and around our current positions, looking at the opportunities to either [farm in joint venture, add] acreage. And admittedly, those will be smaller bolt-on acquisitions. And we continue to do some. And we'll continue to be able to do that, and some of them may be a little bigger than others.”

Callon Petroleum Company Announces Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production Guidance for the Third Quarter and Full Year of 2014

Callon Petroleum Company announced consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of $40,502,000 compared to $22,760,000 a year ago. Income from operations was $12,080,000 compared to $957,000 a year ago. Income before income taxes was $8,868,000 compared to $1,445,000 a year ago. Net income was $4,740,000 compared to $758,000 a year ago. Basic and diluted income per share was $0.07 compared to $0.00 a year ago. Adjusted net income was $5,726,000 or $0.14 per diluted share compared to adjusted net loss of $1,186,000 or $0.03 per diluted share a year ago. Adjusted EBITDA was $27,795,000 compared to $13,239,000 a year ago. For the six months, the company reported total operating revenues of $73,787,000 compared to $45,301,000 a year ago. Income from operations was $18,725,000 compared to $1,855,000 a year ago. Income before income taxes was $12,072,000 compared to $455,000 a year ago. Net income was $6,603,000 compared to net loss of $42,000 a year ago. Diluted loss per share was $0.06 compared to basic and diluted loss per share of $0.02 a year ago. Cash provided by operating activities was $35,597,000 compared to $20,237,000 a year ago. Capital expenditures were $127,219,000 compared to $58,385,000 a year ago. Adjusted net loss was $10,080,000 or $0.24 per diluted share compared to adjusted net loss of $1,437,000 or $0.04 per diluted share a year ago. Adjusted EBITDA was $49,672,000 compared to $25,907,000 a year ago. For the quarter, the company announced total production of 420 MBoe compared to 329 MBoe for the same period a year ago. Average daily production was 5,280 Boe/d compared to 3,615 Boe/d for the same period a year ago. The production of Crude oil was 405 MBbls compared to 198 MBbls a year ago. The production of natural gas was 452 MMcf compared to 787 MMcf a year ago. For the six months, the company announced total production of 873 MBoe compared to 658 MBoe for the same period a year ago. Average daily production was 4,823 Boe compared to 3,596 Boe for the same period a year ago. The production of Crude oil was 737 MBbls compared to 404 MBbls a year ago. The production of natural gas was 816 MMcf compared to 1,525 MMcf a year ago. The company expects total production for the third quarter to be 5,450 to 5,650 and for the full year to be 5,250 to 5,350 BOE per day, with oil accounting for 79% to 81% and 80% to 83% of these volumes, respectively.

Callon Petroleum Company to Report Q2, 2014 Results on Aug 06, 2014

Callon Petroleum Company announced that they will report Q2, 2014 results After-Market on Aug 06, 2014

 

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Industry Analysis

CPE

Industry Average

Valuation CPE Industry Range
Price/Earnings 100.0x
Price/Sales 3.3x
Price/Book 1.5x
Price/Cash Flow 7.9x
TEV/Sales 2.1x
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