who owns callon petroleum

Terms of Use. We can zoom in on the different ownership groups, to learn more about Callon Petroleum. It has a market capitalization of US$2.8b, which means it would generally expect to see some institutions on the share registry. Callon Petroleum Co. Callon Petroleum Company is an independent energy company. I have no business relationship with any company whose stock is mentioned in this article. Job, Post Date , Department. For this reason, we believe that it is vital to keep a close eye on all of your investments. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Admittedly, this alone does not tell us very much, as this could be a description of pretty much any Permian drilling company. But other times, private equity is selling out, having taking the company public. 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 South and West Texas. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in Houston, TX. The company had two major oil finds in Mississippi in the mid-1960s: Quitman Bayou Field in Adams County in 1963 and Clear Springs . Callon Petroleum (CPE) at the time of this post is at 0.50. For instance the Callon Petroleum Company (NYSE:CPE) share price is 199% higher than it was three years ago. The notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act. Sign up here. Truist Securities Increases Price Target on Callon Petroleum to $71 From $55, Maintains Buy Rating. It was quite a shock: Can I sue my sister for my fathers ashes? The Company focused on the acquisition, development, exploration, and operation of oil and gas properties. 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. Callon Oil & Gas was renamed Callon Petroleum Company in 1962. One thing that we notice above is that Callon Petroleum is that it is heavily focused on the production of crude oil. It's largest disclosed sale occurred in 2019, when it sold Callon Petroleum - Non-Core Assets to Sequitur Energy Resources for $320M. I have no business relationship with any company whose stock is mentioned in this article. Callon Petroleum isn't enormous, but it's not particularly small either. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. This ratio essentially tells us the degree to which a company is financing its operations with debt as opposed to wholly-owned funds. Past performance is a poor indicator of future performance. What 7 Analyst Ratings Have To Say About Callon Petroleum This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This should likewise benefit investors in the company. Callon Petroleum's largest acquisition to date was in 2019, when it acquired Carrizo Oil & Gas for $3.2B. In these examples let's assume each company has no significant costs to extract the oil, they're all about the same. He has a track record of taking strategic action and building impactful teams and relationships across organizations. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling. Shares of NYSE:CPE opened at $35.06 on Friday. It focuses on unconventional oil and natural gas reserves in the Permian Basin. Joseph C. Gatto, Jr. President, Chief Executive Officer and Director. The company was founded by Sim C. Callon and John S. Callon in 1950 and is headquartered in . What Is The Ownership Structure Like For Callon Petroleum - Nasdaq Could The Callon Petroleum Company (NYSE:CPE) Ownership Structure Tell You probably do not want to miss this free list of growing companies that insiders are buying. list of growing companies that insiders are buying. So they usually pay more attention to companies that are included in major indices. If you have an ad-blocker enabled you may be blocked from proceeding. But to truly gain insight, we need to consider other information, too. 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The same can be achieved by studying analyst sentiments. Allspring Global Investments Holdings LLC Boosts Stock Position in One metric that we can use to value an energy company like Callon Petroleum is the forward price-to-earnings ratio. Oak Ridge Investments LLC grew its holdings in shares of Callon Petroleum (NYSE:CPE - Get Rating) by 34.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.The fund owned 64,655 shares of the oil and natural gas company's stock after buying an additional 16,544 shares during the period. Anyone who values O&G companies with metrics like P/E or EV/EBITDA ratios should just stop investing. More than 900 people are arrested as young rioters clash with police around France. Who bought or sold CALLON PETROLEUM CO this quarter? Polianta Ltd now owns 35,400 shares of the oil and natural gas company's stock valued at $1,183,000 after acquiring an additional 19,400 shares during the period . That's a positive. 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. 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. Mizuho raised their price target on Callon Petroleum from $54.00 to $59.00 in a research note on Friday. Kevin SmithDirector of Investor RelationsCallon Petroleum Companyir@callon.com(281) 589-5200, View original content:https://www.prnewswire.com/news-releases/callon-petroleum-company-announces-pricing-of-600-million-senior-unsecured-notes-offering-301565396.html. We do not believe in changing an investment based on short-term market swings. Who Is the Motley Fool? About Callon :: Callon Petroleum Company (CPE) Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Callon Petroleum Company: Driving Growth in the Permian Basin However, the fact that the company is working to address this problem and the fact that the valuation is so much more attractive than its peers could mean that the company is worth taking a chance on. Market Data powered by QuoteMedia. This browser is no longer supported at MarketWatch. We will want to keep an eye on management's success at achieving this given that crude oil prices are not nearly as strong as they were four months ago. Have Watchlists? Callon to Acquire Core Delaware Basin Assets and Exit Eagle Ford This may not be consistent with full year annual report figures. This can be negative in some circumstances. The business's 50-day moving average is $32.63 and its 200 day moving average is $35.57. 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. Supreme Court ruling on student debt will devastate borrowers. An annual subscription is available with a discount. Callon Petroleum to Acquire Primexx to Build upon Delaware Basin The energy sector in general has been one of the best-performing ones this year, although it has admittedly lost a bit of its shine in recent weeks as energy prices have retreated a bit. The first, and most notable of which, is that the traditional energy industry has been significantly underinvesting in production and midstream capacity ever since the bear market of 2015. Have feedback on this article? Callon Petroleum already has institutions on the share registry. Callon Petroleum Company announced today that with the recent execution of a Production Handling Agreement with the Magnolia Field partners and finalization of the development plan, it is now ready to identify a partner to participate in the Entrada Field development.Callon owns a 100% working interest and is the operator of the Entrada Field, located in the deepwater region of the Gulf of . Following his retirement later this month, Mr. Ulm will remain with the Company in a consulting position for an interim period to ensure a smooth transition. Alternatively, those holders might be exiting the investment after taking it public. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. About Callon. OMAHA, Neb. 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. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between. Warren Buffett's firm buys more Occidental Petroleum and now owns more When typing in this field, a list of search results will appear and be automatically updated as you type. With a stake of 18%, private equity firms could influence the Callon Petroleum board. Sign up here, report on Callon Petroleum's earnings, revenue and cash flow. In short, this ratio tells us how long (in years) it would take the company to completely pay off its debt if it were to devote all of its pre-tax cash flow to that task. I am long various energy-focused mutual funds that may hold any company mentioned in this article. Something went wrong while loading Watchlist. Callon Petroleum Company (NYSE:CPE) is largely controlled by This documentary-style series follows investigative journalists as they uncover the truth, China Names Pan Gongsheng as Party Head of Central Bank, De Beers Reaches Last-Minute Deal With Botswana on Diamond Sales, S. 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The net proceeds from the offering, along with borrowings under the senior secured revolving credit facility, are expected to be used to redeem all of the 2024 Notes and all of the Second Lien Notes. HOUSTON, Dec. 20, 2019 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon") today announced that it has completed its acquisition of Carrizo Oil & Gas, Inc. ("Carrizo"). We also observed that the top 7 shareholders account for more than half of the share register, with a few smaller shareholders to balance the interests of the larger ones to a certain extent. This suggests some credibility amongst professional investors. While it is well worth considering the different groups that own a company, there are other factors that are even more important. CPE - Callon Petroleum Company - Yahoo Finance I was also somewhat critical of this practice given that the fundamentals of natural gas are much better than the fundamentals of crude oil. Based on the most recent exchange data, the median industry short interes Callon Petroleum Co. engages in the exploration, development, acquisition, and production of oil and natural gas properties in the United States. Houston Office. Please. Market Data copyright 2023 QuoteMedia. According to the International Energy Agency, the global demand for crude oil will increase by 7% over the next twenty years: Pembina Pipeline/Data from IEA 2021 World Energy Outlook. Here are all the current hedges that the company has: There are both advantages and disadvantages to this. This suggests they can be influential in key policy decisions. We at Callon believe in maintaining good relationships with our land owners and fostering clear and responsive communication. Whos right? 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. Warren Buffett Plows $123 Million Into Occidental to Own 25% of the Oil While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. 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. However, on some occasions too much power is concentrated within this group. It might be well worthwhile taking a look at our free report on Callon Petroleum's earnings, revenue and cash flow. In 2019, we completed our merger with Carrizo Oil & Gas which expanded our core footprint across the Permian Basin and added the Eagle Ford Shale. We are committed to providing service at a high level by fulfilling requests and inquiries in an expedient and professional manner. We entered the Permian Basin in 2009 with the acquisition of approximately 8,800 net acres for $16 million. We can see that Private Companies own 5.8%, of the shares on issue. However, high insider ownership can also give immense power to a small group within the company. The fundamentals for crude oil are not as bad as some believe, either, which improves its prospects a bit. , . Weve never seen this before: Millionaires are doing something unusual to preserve their wealth and you can do the same. Let's take a closer look to see what the different types of shareholders can tell us about Callon Petroleum. 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. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. With 12% and 8.2% of the shares outstanding respectively, BlackRock, Inc. and Blackstone Inc. are the second and third largest shareholders. 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. CPE Stock Price | Callon Petroleum Co. Stock Quote (U.S.: NYSE While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Callon Petroleum stock price target raised to $53.25 from $44.25 at Cowen. We did some more digging and found that 6 of the top shareholders account for roughly 53% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Through continued execution of our acquisition, delineation, and rationalization strategies, we focused our footprint on approximately 75,000 net acres in the Midland and Delaware Basins. Callon Petroleum (NYSE:CPE) to Post Q3 2023 Earnings of $1 - MarketBeat Notably, sometimes top-level managers are on the board themselves. Some might like this, because private equity are sometimes activists who hold management accountable. Callon . View our latest analysis for Callon Petroleum. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. It's also up 11% in about a month. ", Mr. Haggard commented: "I am excited to join Joe and the rest of the Callon team as the Company continues to drive alignment with shareholders in the upstream sector by prioritizing debt reduction, free cash flow generation, and the reduction of greenhouse gas emissions. Fortunately, Callon Petroleum has a way to protect itself against this. We have also proven our ability to move quickly to capitalize on opportunities to acquire new acreage and integrate into our operations, positioning us for additional consolidation of assets in the future. In fact, Moodys recently stated that the industry must immediately increase upstream spending by $542 billion in order to avoid a supply shock. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). We can see this above as Callon Petroleum's hedges have locked in prices ranging from $61.09 to $65.34 per barrel of crude oil. In conclusion, Callon Petroleum is a little-known independent operator that could have a lot to offer an investor. A new filing with the . This is usually accomplished by a company issuing new debt to repay its maturing debt, which can cause its interest expenses to increase depending on conditions in the market. The reason that a high debt load is concerning is that debt is a much riskier way to finance a company than equity because debt must be repaid at maturity. Is this happening to you frequently? The company's largest shareholder is BlackRock, Inc., with ownership of 12%. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. What 7 Analyst Ratings Have To Say About Callon Petroleum, Short Interest Sector Focus: Energy Sector, Crude Awakening: 5 Oil Stocks Poised For Growth As Global Output Tightens, Why Hold Strategy is Apt for Callon Petroleum (CPE) Stock Now, 7 Energy Stocks That Are Doomed to Fail in the Clean Energy Transition, $50M Bet On Coinbase Global? May. Market Data copyright 2023 QuoteMedia. 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. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. 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. Analyze quarterly positions in Callon Petroleum with up to 7 years of data, all consolidated into one spreadsheet. On June 9, 2022, the Company delivered a redemption notice with respect to all $460.2 million of its outstanding 6.125% Senior Notes due 2024 (the "2024 Notes") and all $319.7 million of its outstanding 9.00% Second Lien Senior Secured Notes due 2025 (the "Second Lien Notes"). Callon Petroleum Operating Company. As stated earlier in the introduction, Callon Petroleum is not without risks. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. It has also divested 1 asset. Sr. Project/Program Manager 06/7/2023. 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. u/murderous_tac0 2 years ago Callon Petroleum will print money. Callon Petroleum announced today it intends to offer $650 million of senior unsecured notes due in 2028. The latest price target for Callon Petroleum ( NYSE: CPE) was reported by Citigroup on Monday, May 22, 2023. Callon Petroleum Company Provides Operations Update Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Add alert for CPE Ticker: CPE CUSIP Number: 13123x508 Tip: Access positions for across all investors Analyze quarterly positions in Callon Petroleum with up to 7 years of data, all consolidated into one spreadsheet Download as csv Download as Excel Forward-looking statements include all statements including the words "believe," "expect," "may," "will," "forecast," "outlook," "assume," "plans" and words of similar meaning. 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. We aim to bring you long-term focused analysis driven by fundamental data. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. I wrote this article myself, and it expresses my own opinions. Mr. Haggard holds a Master of Management from the Kellogg School of Management at Northwestern University and a Bachelor of Science in Business Administration from Georgetown University. Our size allows us to efficiently pivot our business and capitalize on new opportunities. But in contrast you can make much more than 100% if the company does well. In 1954, brother Sim C. Callon was brought into the operation, then known as Callon Oil & Gas Company. Financial Advisors Public Companies CPE 3.42% What Is The Ownership Structure Like For Callon Petroleum Company (NYSE:CPE)? Callon Petroleum Names Kevin Haggard Chief Financial Officer - PR Newswire It's therefore worth looking at Callon Petroleum's earnings history below. The oil and gas company expects to use the bulk of those proceeds to redeem all . However, Callon Petroleum is by far the most attractive of any of them. Entering text into the input field will update the search result below. Mark BrewerDirector of Investor RelationsCallon Petroleum Company[emailprotected]1-281-589-5200. The definition of company insiders can be subjective and does vary between jurisdictions. Please. 4 of 4 Job Opportunities. Callon Petroleum (NYSE:CPE) Stake Raised by Oak Ridge - MarketBeat One metric that we can use to evaluate a company's financial structure is the net debt-to-equity ratio. Which Is a Better Investment, Callon Petroleum Company or Texas Pacific This is because overpaying for any asset is a surefire way to earn a suboptimal return on that asset. However, this has been changing. Market Data powered by QuoteMedia. 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. In-depth Research on underfollowed dividend stocks with 7%+ yields. All quotes are in local exchange time. As such, a slight decline in energy prices, such as might accompany a recession, could more than wipe out the benefits from the production increase. ET Overview Return vs. S&P News & Analysis Financial Health. Market Data powered by QuoteMedia. There are currently no items in this Watchlist. These statements reflect the Company's current views with respect to future events and financial performance based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. This oil company operates in 3 major oil-producing locations in Texas. Biggest issue with CPE is that it has not been shareholder friendly. You can check here to see if those insiders have been buying recently. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. 4 min read Every investor in Callon Petroleum Company ( NYSE:CPE) should be aware of the most powerful shareholder groups. Shareholders would probably be interested to learn that insiders own shares in Callon Petroleum Company. Management Team :: Callon Petroleum Company (CPE) Callon and Carrizo Complete Merger - Callon Petroleum Company Concerned about the content? This is one of the biggest reasons why the offshore drilling industry never recovered from that event. October 22, 2021 06:59 am EDT Written by Simply Wall St for Simply. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. Who owns CALLON PETROLEUM CO? - stockzoa . Resource companies cannot be valued as ongoing entities because they simply own a finite resource that's in the ground. Mr. Haggard succeeds James "Jim" Ulm, II, who previously announced his intentions to retire. Callon Petroleum Company (CPE) Callon Petroleum Company Initiates Search To Identify Partner For Get in touch with us directly. 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. There are plenty of other companies that have insiders buying up shares. 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.
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