Callon Petroleum Company (NYSE:CPE) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, CPE is expected to report 2Q20 loss of $ 0.05 per share from revenue of $ 196.58 million.
For the full year, analysts anticipate top line of $ 973.19 million, while looking forward to income of $ 0.15 per share bottom line.
Previous Quarter Performance
Callon Petroleum Company communicated income for the first quarter of $ 0.12 per share, from the revenue of $ 315.04 million. The quarterly earnings lowered 25.00 percent while revenues developed 121.00 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.13 per share from $ 337.74 million in revenue. The bottom line results missed street analysts by $ 0.01 or 7.69 percent, at the same time, top line results fell short of analysts by $ 22.7 million or 6.72 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Callon Petroleum Company
Stock Performance
According to the previous trading day, closing price of CPE was $ 1.18, representing a 210.53 % increase from the 52 week low of $ 0.38 and a 77.99 % decrease over the 52 week high of $ 5.36.
The company has a market capital of $ 468.46 million and is part of the Energy sector and Oil & Gas E&P industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CPE” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 13th July 2020, maintained by Scotiabank at Sector Perform rating, with $ 1.25 target price.
Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas. The company was founded in 1950 and is headquartered in Houston, Texas.
