Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

CALLON PETROLEUM COMPANY

(CPE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Callon Petroleum Company Revises Production Guidance for the Third Quarter, Fourth Quarter and Full Year of 2021

10/05/2021 | 07:00am EST

Callon Petroleum Company revised production guidance for the third quarter, fourth quarter and full year of 2021. Production in the 2021 third quarter has been above previous expectations due to strong well performance in the Delaware and Midland Basins. As a result, Callon is raising production guidance to 98.5 - 99.5 MBoe/d (64% oil) from a previous range of 95.5 - 97.5 MBoe/d (64% oil). Operational capital for the quarter is currently estimated to be $120 - $125 million. Callon is reinstating and updating full year 2021 guidance, reflecting both the acquisition of the Delaware Basin assets and the pending divestiture. The company now expects total production guidance of 94.5 - 95.5 MBoe/d compared to 89.0 - 91.0 MBoe/d expected earlier. During the fourth quarter, Callon intends to operate six drilling rigs and an average of 1.5 completions crews as the current Primexx development program is transitioned to larger scale development with increased project sizes targeting multiple landing zones. In addition to expanding the drilled, uncompleted well inventory on the acquired Delaware assets, the Company expects to place approximately 18 gross (15 net) wells on production in the quarter, all in the Permian Basin. Daily production for the fourth quarter, including the impact of the pending divestiture, is expected to be 110.0 – 112.5 MBoe/d (63% oil) and operational capital in the range of $150 - $160 million.


ę S&P Capital IQ 2021
All news about CALLON PETROLEUM COMPANY
12/07Energy Stocks, Crude Oil Trim Earlier Gains Near Tuesday Close
MT
12/07Energy Stocks Trade Higher Premarket Tuesday
MT
12/07US Well Services Lands Contract From Callon Petroleum
MT
12/07U.S. Well Services Announces New Contract with Callon Petroleum
PR
11/29Thinking about trading options or stock in Li Auto, BioNTech, Callon Petroleum, Boeing,..
PR
11/22NORTH AMERICAN MORNING BRIEFING : Stock Futures -3-
DJ
11/22Callon Petroleum Files for Potential Secondary Offering of Up to 14.4 Million Common Sh..
MT
11/19CALLON PETROLEUM : CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT - Fo..
PU
11/19Morgan Stanley Adjusts Price Target on Callon Petroleum to $78 From $55, Keeps Equal-We..
MT
11/19WALL STREET STOCK EXCHANGE : Europe’s Covid wave weighs on indexes
More news
Analyst Recommendations on CALLON PETROLEUM COMPANY
More recommendations
Financials (USD)
Sales 2021 1 664 M - -
Net income 2021 258 M - -
Net Debt 2021 2 913 M - -
P/E ratio 2021 9,17x
Yield 2021 -
Capitalization 3 296 M 3 296 M -
EV / Sales 2021 3,73x
EV / Sales 2022 2,69x
Nbr of Employees 303
Free-Float 97,9%
Chart CALLON PETROLEUM COMPANY
Duration : Period :
Callon Petroleum Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CALLON PETROLEUM COMPANY
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Last Close Price 53,72 $
Average target price 70,00 $
Spread / Average Target 30,3%
EPS Revisions
Managers and Directors
Joseph C. Gatto President, Chief Executive Officer & Director
Kevin E. Haggard Chief Financial Officer & Senior Vice President
L. Richard Flury Non-Executive Chairman
Jeffrey Scott Balmer Chief Operating Officer & Senior Vice President
Larry D. McVay Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CALLON PETROLEUM COMPANY273.56%3 017
CONOCOPHILLIPS82.07%96 033
EOG RESOURCES, INC.75.60%51 236
CANADIAN NATURAL RESOURCES LIMITED75.65%49 471
CNOOC LIMITED8.22%44 190
PIONEER NATURAL RESOURCES COMPANY53.04%43 827