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The group holding the most number of shares in the company, around 62% to be precise, is institutions. However, Callon Petroleum is by far the most attractive of any of them. By signing up you agree to receive content from us. Callon Petroleum Company Provides Operational Update and Increases Its How nice for those who held the stock! During three years of share price growth, Callon Petroleum achieved compound earnings per share growth of 30% per year. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). In conjunction with this updated payment option, we have moved some of our banking services to PNC Bank. Callon Petroleum (NYSE:CPE) Given Consensus Rating of "Hold" by This is a remarkably low ratio in any market, but it is especially so in today's market in which most companies have forward price-to-earnings ratios well into the double digits. It is important to note that this is the number of resources that could be economically produced at 2018's energy prices. Mizuho Securities Raises Price Target on Callon Petroleum to $59 From Callon Petroleum Names Kevin Haggard Chief Financial Officer - PR Newswire The fundamentals for natural gas back then were quite poor and the price was so low that it was pointless to attempt to bring the compound to the market. Sep. 16, 2021 at 6:11 a.m. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute. An investor may say that this company looks cheap, trading at 6x P/E. This indicates that the market is feeling more optimistic on the stock, after the last few years of progress. It is always critical that we do not overpay for any asset in our portfolios. This is better than many of the majors and positions the company quite well going forward. After all, it is much easier to plan the company's finances when management knows exactly what price it will receive for some of its production. View our latest analysis for Callon Petroleum. The Dutch king will deliver a speech at an event on the anniversary of slavery's end in its colonies, China's Communist Party appoints Pan Gongsheng as party secretary for the central bank, Snchez visits Kyiv on the day Spain starts EU presidency to underline bloc's support for Ukraine, Russias Rusty Oil Tanker Fleet Sets Sail With Newer Ships, Sri Lanka's parliament to vote on debt restructuring plan amid economic crisis. Which Is a Better Investment, Callon Petroleum Company or Texas Pacific It focuses on unconventional oil and natural gas reserves in the Permian Basin. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. Market Data copyright 2023 QuoteMedia. This is a big company, so it is good to see this level of alignment. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. The firm's strategy is primarily buy and hold, but will stray from that strategy on occasion. This should likewise benefit investors in the company. You probably do not want to miss this free list of growing companies that insiders are buying. Another metric that is frequently used to judge the leverage of upstream companies is the leverage ratio, which is also known as the net debt-to-EBITDAX ratio. Historical and current end-of-day data provided by FACTSET. Overall, the company might be worth considering, particularly given that the fundamentals point to energy prices remaining high or even increasing over the given year. oil needs to be high in 2023 for CPE to work wellremember hedges are a sold option price is only guaranteed to buyer. As these reservoirs only contain a finite quantity of resources, a company must continually discover or otherwise acquire new resources to replace those that are pulled out of the ground or it will eventually run out of products to sell. To that end, you should learn about the 3 warning signs we've spotted with Callon Petroleum (including 1 which is a bit unpleasant) . Biggest issue with CPE is that it has not been shareholder friendly. Mark BrewerDirector of Investor RelationsCallon Petroleum Company[emailprotected]1-281-589-5200. Who Owns CALLON PETROLEUM (MX:CPE) in 2022? - Macroaxis After all, the companies in this industry literally obtain the products that they sell by pulling them out of reservoirs in the ground. It should be fairly obvious how a production increase will cause the company's revenues and profits to increase. Callon Petroleum consistently emphasizes this as a region to invest in the company, and indeed ten years ago it would have been. As stated in the introduction, Callon Petroleum Company is a relatively small exploration and production company that operates in various areas of West and South Texas: This is a very popular region for energy companies. The firm owned 617,844 shares of . Cision Distribution 888-776-0942 The company had two major oil finds in Mississippi in the mid-1960s: Quitman Bayou Field in Adams County in 1963 and Clear Springs . Location. As a company's success at accomplishing this is by no means guaranteed, its reserves determine how long the company can continue to produce without having success at this task. Callon Petroleum (NYSE:CPE) to Post Q3 2023 Earnings of $1 - MarketBeat Many institutions measure their performance against an index that approximates the local market. Callon Petroleum Company Q4 2008 Earnings Call Transcript With 12% and 8.2% of the shares outstanding respectively, BlackRock, Inc. and Blackstone Inc. are the second and third largest shareholders. Callon Petroleum Company Provides Operations Update Its caused a lot of tension in our marriage: My wifes relatives are terrible guests. Market Data powered by QuoteMedia. Indeed, the basin is generally considered to be the second-largest source of crude oil in the world, with the Energy Information Administration estimating that it still contains proven reserves of five billion barrels of crude oil and nineteen trillion cubic feet of natural gas despite the fact that the basin has been producing since the 1920s. The information on this site is not intended to be, nor does it constitute, investment advice or recommendations. It was quite a shock: Can I sue my sister for my fathers ashes? Here are all the current hedges that the company has: There are both advantages and disadvantages to this. Perhaps the most significant of these risks is the company's debt load. Callon Petroleum Mergers and Acquisitions Summary | Mergr This press release is being issued pursuant to Rule 135(c) under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes and the related guarantees or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The fundamentals for crude oil are not as bad as some believe, either, which improves its prospects a bit. The disadvantage is that when energy prices increase quickly, as they did over the past year, then the company ends up locking in a price that is much less than the market price. Callon Petroleum has still delivered a reasonable return to its investors, though, as it is up 25.16% over the past twelve months. Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Apr 27, 2023 4:15 PM EDT Callon Petroleum Company Announces Board Updates Including Appointment of Matthew R. Bob as Chair Read Release Apr 18, 2023 4:15 PM EDT Callon Petroleum Company Schedules First Quarter 2023 Conference Call for May 4, 2023 Read Release Feb 22, 2023 5:05 PM EST Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Indeed, about 63% of its production and 82% of its revenue come from crude oil. As such, the company currently has sufficient reserves to produce for just over 13 years at its current rate without discovering any new sources of resources. Callon Petroleum's largest acquisition to date was in 2019, when it acquired Carrizo Oil & Gas for $3.2B. Let's take a closer look to see what the different types of shareholders can tell us about Callon Petroleum. Cancel anytime to end your subscription, and you won't be charged again. Squarepoint Ops LLC now owns 138,543 shares of the oil and natural gas company's stock worth $4,633,000 after acquiring an additional 146,269 shares . In conclusion, Callon Petroleum is a little-known independent operator that could have a lot to offer an investor. Callon Petroleum - CPE - Stock Price & News | The Motley Fool Mizuho raised their price target on Callon Petroleum from $54.00 to $59.00 in a research note on Friday. The company is using hedges to protect itself against fluctuations in oil prices, although many of them are locked in at prices well below today's. Management Team :: Callon Petroleum Company (CPE) Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas. Im living paycheck to paycheck and I feel drained: My fianc said he would pay half of the mortgage. It might be well worthwhile taking a look at our free report on Callon Petroleum's earnings, revenue and cash flow. This ratio essentially tells us the degree to which a company is financing its operations with debt as opposed to wholly-owned funds. Reservoir Engineer 05/25/2023 - Asset Development. It is highly unlikely that energy companies in aggregate will increase spending to this degree. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. There are currently no items in this Watchlist. Anyone who values O&G companies with metrics like P/E or EV/EBITDA ratios should just stop investing. Concerned about the content? https://www.prnewswire.com/news-releases/callon-petroleum-company-announces-pricing-of-600-million-senior-unsecured-notes-offering-301565396.html. With a stake of 18%, private equity firms could influence the Callon Petroleum board. Callon Petroleum (NYSE:CPE - Free Report) - Research analysts at Zacks Research dropped their Q3 2023 earnings estimates for shares of Callon Petroleum in a report issued on Tuesday, June 27th. We can report that insiders do own shares in Callon Petroleum Company. 08. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in . Beginning in January 2022, Callon has partnered with FIS Integrated Payables to begin offering new registrations for ACH-Direct Deposit as a payment option instead of checks. Houston Office. Get in touch with us directly. Indeed, they own a respectable stake in the company. , . As is often the case with substantially undervalued companies, Callon Petroleum has some significant risks but is working hard to address them. But to truly gain insight, we need to consider other information, too. Joseph C. Gatto, Jr. President, Chief Executive Officer and Director. The advantages are that these hedges aid the company in keeping its financials relatively stable no matter what crude oil prices do as well as aiding its financial planning. Quadrant Capital Group LLC now owns 1,147 shares of the oil and natural gas company's stock worth $43,000 after purchasing an additional 789 shares during the period. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. Allspring Global Investments Holdings LLC grew its stake in Callon Petroleum (NYSE:CPE - Free Report) by 0.3% in the first quarter, Holdings Channel.com reports. Sign up here, report on Callon Petroleum's earnings, revenue and cash flow. Looking for more investing ideas like this one? Allspring Global Investments Holdings LLC Boosts Stock Position in . By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. This is probably due to the company having a somewhat higher risk due to its debt. Market Data powered by QuoteMedia. About Callon. Before joining Noble Energy in 2016, Mr. Haggard served as Vice President, Finance and Treasurer of Trinity River Energy and in the same position at HighMount Exploration & Production. This company will trade at $3-$5 come fall. October 22, 2021 06:59 am EDT Written by Simply Wall St for Simply. As previously announced, current Carrizo shareholders will receive 1.75 shares of Callon common stock for each share of Carrizo common stock they own. Naturally, rising prices for both products will benefit Callon Petroleum as it does produce both crude oil and natural gas despite being weighted heavily toward crude oil. Top stakeholders of CPE according to 13F filings - stockzoa Who owns CALLON PETROLEUM CO? In speaking with him, it is also clear that Kevin shares Callon's values and brings leadership skills that will help continue developing the Callon team and advancing our sustainability focus, all with the goal of delivering meaningful long-term value to our stakeholders. Prior to those roles, he served as Chief Financial Officer of SunCap Financial and as an investment banker with Credit Suisse. The past week has proven to be lucrative for Callon Petroleum investors, so let's see if fundamentals drove the company's three-year performance. United Airlines CEO apologizes for private-jet flight amid cancellations, Callon Petroleum started at sector weight at KeyBanc Capital, Callon Petroleum stock price target raised to $100 from $64 at Truist, Callon Petroleum upgraded to buy from hold at Truist, Callon Petroleum downgraded to underweight from neutral at J.P. Morgan, Callon Petroleum stock price target raised to $55 from $37 at Truist, Callon Petroleum stock price target raised to $53.25 from $44.25 at Cowen, Callon Petroleum downgraded to hold from buy at Siebert Williams Shank, Callon Petroleum upgraded to buy from neutral at MKM Partners, Callon Petroleum price target raised to $61 from $43 at Truist Securities, stock rated hold, Callon Petroleum upgraded to buy from hold at Siebert Williams Shank, Chevron Tests the M&A Narrative With a Modest Deal, Callon Petroleum price target raised to $60 from $58 at JPMorgan, Callon Petroleum price target lowered to $54 from $65 at Mizuho Securities, Callon Petroleum started at buy with $49 stock price target at Gerdes Energy Research, Investor demand for energy stocks will soon increase dramatically, analyst says, If Oil Keeps Rising, These 5 Exploration Stocks Could Benefit, Big Lots, SLM Corp., and Others See Action From Activist Investors, 7 Energy Stocks That Shorts Are Betting Against, Short interest in energy stocks increased in the past month. HOUSTON, June 9, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") announced today that it has priced $600 million aggregate principal amount of its 7.500% senior unsecured notes due 2030 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Sec. It's therefore worth looking at Callon Petroleum's earnings history below. With that said though, crude oil demand is still expected to increase going forward, just not as much as natural gas. Join A Paid User Research SessionYoull receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Alternatively, those holders might be exiting the investment after taking it public. Supreme Court ruling on student debt will devastate borrowers. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. To report a factual error in this article. Callon to Acquire Core Delaware Basin Assets and Exit Eagle Ford The analyst firm set a price target for 36.00 expecting CPE to rise to within 12 . Warren Buffett's firm buys more Occidental Petroleum and now owns more Callon Petroleum serves customers in the United States. Power Hedge focuses our research primarily on dividend-paying, international companies of all sizes with sustainable competitive advantages. This registration will allow you to access your royalty remittance electronically in pdf format available for printing versus a mailed hardcopy. To get a sense of who is truly in control of Callon Petroleum Company (NYSE:CPE), it is important to understand the ownership structure of the business. Houston Office. RT=Real-Time, EOD=End of Day, PD=Previous Day. One metric that we can use to value an energy company like Callon Petroleum is the forward price-to-earnings ratio. Company Information :: Callon Petroleum Company (CPE) Callon Petroleum Company (NYSE: NYSE: CPE) is a small capitalization E&P operator that was visionary (or fortunate) to accumulate a meaningful acreage position in what has proven to be one of. Why Callon Petroleum Stock Rallied 16% at the Open Today Callon Petroleum is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of West and South Texas. Of course, the future is what really matters. The company's oil-focused nature is a bit of a turn-off for me given that crude oil's fundamentals are not as good as many other fuels. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. list of growing companies that insiders are buying. However, the loss over the last year isn't as bad as the 11% per annum loss investors have suffered over the last half decade. The oil and gas company expects to use the bulk of those proceeds to redeem all . Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Take risks, for example - Callon Petroleum has 2 warning signs (and 1 which can't be ignored) we think you should know about. grandriver Callon Petroleum Company ( NYSE: CPE) is an independent exploration and production company that operates in West and South Texas. Callon Petroleum also expects this to be its average over the course of 2022 as well, which implies that the company will increase its production further in the fourth quarter in order to offset its weaker average in the second quarter. As the populations of these nations are significantly larger than the populations of the world's developed nations, the increasing demand for crude oil from these nations will more than offset the stagnant-to-declining demand in the world's developed nations. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Our ideal holding period is forever, however we realize that both internal and external forces can impact an investment. We can see that Private Companies own 5.8%, of the shares on issue. These statements are subject to a number of known and unknown risks and uncertainties, which may cause the Company's actual results and performance to be materially different from any future results or performance expressed or implied by the forward-looking statements including risks more fully discussed in our filings with the Securities and Exchange Commission (the "SEC"), including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, available on our website or the SEC's website at www.sec.gov.