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Attention Seeking Stock: Callon Petroleum Company (NYSE: CPE)


On Friday, Shares of Callon Petroleum Company (NYSE: CPE) showed the bearish trend with a lower momentum of -4.17% and ended its trading session at $11.96. The company traded total volume of 32,690,273 shares as contrast to its average volume of 4.29M shares. The company has a market value of $2.52B and about 210.74M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $9.34 and reached the max level of $14.65.

Callon Petroleum Company (CPE) recently stated results of operations for the three months ended March 31, 2018.

Capital Expenditures:

For the three months ended March 31, 2018, we incurred $105.30M in cash operational capital expenditures (counting other items) contrast to $128.70M in the fourth quarter of 2017.

Operating and Financial Results:

Total Revenue: For the quarter ended March 31, 2018, Callon stated total revenue of $127.40M and total revenue counting cash-settled derivatives of $118.90M, counting the impact of an $8.50M loss from the settlement of derivative contracts.

General and Administrative (“G&A”): G&A, excluding certain non-cash incentive share-based compensation valuation adjustments, was $7.80M, or $3.25 per BOE, for the three months ended March 31, 2018 contrast to $7.30M, or $3.00 per BOE, for the fourth quarter of 2017. The cash component of Adjusted G&A was $6.50M, or $2.74 per BOE, for the three months ended March 31, 2018 contrast to $6.00M, or $2.46 per BOE, for the fourth quarter of 2017.

Hedge Portfolio Summary:

Income Available to Common Shareholders: The Company stated net income available to common shareholders of $53.90M for the three months ended March 31, 2018 and Adjusted Income available to common shareholders of $39.80M, or $0.20 per fully diluted share.

Discretionary Cash Flow: Discretionary cash flow, a non-GAAP measure, for the three months ended March 31, 2018 was $91.20M.

The Company offered net profit margin of 29.50% while its gross profit margin was 81.80%. ROE was recorded as 6.60% while beta factor was 1.12. The stock, as of recent close, has shown the weekly downbeat performance of -11.86% which was maintained at -1.56% in this year.

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