Callon Petroleum Q4 EPS $1.62 Beats $1.61 Estimate, Sales $485.73M Miss $546.26M Estimate

2/26/24 4:38:02 PM ET

Oil & Gas Production

Energy

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Callon Petroleum (NYSE:CPE) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.61 by 0.62 percent. This is a 51.79 percent decrease over earnings of $3.36 per share from the same period last year. The company reported quarterly sales of $485.73 million which missed the analyst consensus estimate of $546.26 million by 11.08 percent. This is a 13.56 percent decrease over sales of $561.90 million the same period last year.

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Recent Analyst Ratings for
$CPE

Date	Price Target	Rating	Analyst
1/3/2024	$60.00 → $40.00	Buy → Neutral	Mizuho
8/16/2023	$40.00 → $45.00	Neutral → Buy	Citigroup
1/10/2023	$59.00	Buy	Mizuho
12/5/2022	$57.00	Underweight → Neutral	JP Morgan
9/20/2022		Sector Weight	KeyBanc Capital Markets
7/6/2022	$75.00	Sector Perform → Outperform	RBC Capital Mkts
4/18/2022	$80.00	Neutral → Buy	ROTH Capital
3/8/2022	$64.00 → $100.00	Hold → Buy	Truist Securities

More analyst ratings

$CPE
Leadership Updates

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AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600
NEW YORK, March 25, 2024 /PRNewswire/ -- AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition AppFolio APPF Information Technology S&P
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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 ("Jim") Craddock has been elected as a new member of the Board by the shareholders of the Company. Mr. Bob's appointment follows the retirement of former Chair L. Richard Flury and reflects the ongoing refreshment and succession planning efforts of the Board. Mr. Bob has served on the Callon Board since 2014. He recently retired as President of Eagle Oil & Gas Co., an independent oil and gas company with operations in Texas. A registered geoscientist, he is also the founder and managing member of M
4/27/23 4:15:00 PM ET
$CPE
Oil & Gas Production
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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 the 2023 Annual Meeting of Shareholders ("Annual Meeting"). "With guidance from Richard's deep experience in the energy industry, Callon has built a high-quality asset base of more than 200,000 gross acres in the leading oil plays in the Permian Basin and Eagle Ford Shale that has allowed us to profitably grow our production throughout his tenure," commented Callon President and Chief Executive Officer Joe Gatto. "Richard's leadership supported Callon through transformational acquisitions that have
2/13/23 5:00:00 PM ET
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Oil & Gas Production
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Market Insights

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Air Conditioner, Utilities Shares Climb As Heat Wave Heads From Midwest To The South
Shares for air conditioner manufacturers and utility companies are rising with the temperatures as a heat wave that has scorched the Midwest makes its way to the South. What Happened: A major heat wave that brought sweltering temperatures to the Midwest and Mid-Atlantic for more than a week is now headed to the South, as the more northern regions face severe storms and widespread floods, NPR reported. As of Sunday, more than 123 million people across multiple U.S. states were under heat advisories including South Dakota, Nebraska, Kansas, Oklahoma, Iowa, Missouri, Arkansas, Louisiana, Florida, Connecticut, Pennsylvania, New York, New Jersey, Delaware, Virginia, Maryland and North Carol
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Inari Medical To Replace Callon Petroleum In S&P SmallCap 600, Effective Prior To The Opening Of Trading On Monday, April 1
S&P 500 constituent APA Corp. is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions.
3/25/24 5:21:25 PM ET
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What Analysts Are Saying About Callon Petroleum Stock
During the last three months, 4 analysts shared their evaluations of Callon Petroleum (NYSE:CPE), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 1 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $36.25, along with a high estimate of $40.0
3/15/24 8:01:01 AM ET
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APA Corporation Completes Acquisition of Callon Petroleum Company
HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today that its acquisition of Callon Petroleum Company (NYSE:CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024. "We are very pleased to close this transaction as Callon's assets bring scale to our Delaware position and balance to our overall Permian asset base — all at what we believe is a compelling valuation," said John J. Christmann IV, APA's CEO. "We are confident this transaction will create shareholder value, as we expect to drive improved capital productivity and well performance, while realizing significant cost synergies.
4/1/24 9:00:31 AM ET
$APA
$CPE
Oil & Gas Production
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CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS
HOUSTON, March 29, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). The Offers and the Cons
3/29/24 8:00:00 AM ET
$CPE
Oil & Gas Production
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AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600
NEW YORK, March 25, 2024 /PRNewswire/ -- AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition AppFolio APPF Information Technology S&P
3/25/24 6:15:00 PM ET
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Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results
Fourth quarter results top expectations for production Long-term debt further reduced to $1.9 billion Realized reductions in well costs and gains in well productivity to drive 2024 capital efficiency HOUSTON, Feb. 26, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today reported fourth quarter and full year 2023 financial and operating results. Due to the pending merger (the "Merger") with APA Corporation ("APA"), Callon will not host a conference call or webcast to discuss its fourth quarter and full year 2023 results. Fourth Quarter 2023 Highlights Generated $298.3 million of net cash provided by operating activitiesAdjusted free cash flow of $120.2
2/26/24 4:15:00 PM ET
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Oil & Gas Production
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APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction
Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics;Adds to APA's high-quality, short-cycle development inventory and increases oil mix; andStrengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.*HOUSTON, Jan. 4, 2024 /PRNewswire/ -- APA Corporation ("APA" or the "Company") (NASDAQ:APA) and Callon Petroleum Company ("Callon") (NYSE:CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion,
1/4/24 6:03:00 AM ET
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APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction
Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics;Adds to APA's high-quality, short-cycle development inventory and increases oil mix; andStrengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.* HOUSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- APA Corporation ("APA" or the "Company") (NASDAQ:APA) and Callon Petroleum Company ("Callon") (NYSE:CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.
1/4/24 6:00:03 AM ET
$APA
$CPE
Oil & Gas Production
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Callon Petroleum Q4 EPS $1.62 Beats $1.61 Estimate, Sales $485.73M Miss $546.26M Estimate

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Recent Analyst Ratings for $CPE

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Callon Petroleum downgraded by Mizuho with a new price target

Callon Petroleum upgraded by Citigroup with a new price target

Mizuho initiated coverage on Callon Petroleum with a new price target

$CPE Leadership Updates

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AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600

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

Callon Petroleum Company Announces Retirement of Board Chair

$CPE Market Insights

Live Market Insights

Air Conditioner, Utilities Shares Climb As Heat Wave Heads From Midwest To The South

Inari Medical To Replace Callon Petroleum In S&P SmallCap 600, Effective Prior To The Opening Of Trading On Monday, April 1

What Analysts Are Saying About Callon Petroleum Stock

$CPE Press Releases

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APA Corporation Completes Acquisition of Callon Petroleum Company

CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS

AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600

$CPE Financials

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Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results

APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction

APA Corporation to Acquire Callon Petroleum Company in All-Stock Transaction

$CPE Insider Trading

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Ecklund Michol L returned 27,043 shares to the company, closing all direct ownership in the company (SEC Form 4)

Haggard Kevin returned 11,334 shares to the company, closing all direct ownership in the company (SEC Form 4)

Conaway Gregory F returned 43,193 shares to the company, closing all direct ownership in the company (SEC Form 4)

$CPE Large Ownership Changes

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SEC Form SC 13D/A filed by Callon Petroleum Company (Amendment)

SEC Form SC 13G/A filed by Callon Petroleum Company (Amendment)

SEC Form SC 13G/A filed by Callon Petroleum Company (Amendment)

$CPE SEC Filings

SEC Form 15-12G filed by Callon Petroleum Company

SEC Form EFFECT filed by Callon Petroleum Company

SEC Form S-8 POS filed by Callon Petroleum Company

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