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Callon Petroleum (CPE)

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.

Company profile

Ticker
CPE
Exchange
Website
CEO
Joseph Gatto
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Callon Petroleum Operating Company • Callon (Permian) LLC • Callon (Eagle Ford) LLC ...
IRS number
640844345

CPE stock data

Analyst ratings and price targets

Last 3 months

Calendar

4 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.15M 4.15M 4.15M 4.15M 4.15M 4.15M
Cash burn (monthly) 1.91M 1.68M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 5.48M 4.83M n/a n/a n/a n/a
Cash remaining -1.33M -682.25K n/a n/a n/a n/a
Runway (months of cash) -0.7 -0.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Kimmeridge Energy Management Common stock, par value $0.01 per share Sell Dispose S Yes No 56.65 6,500,000 368.23M 5,200,780
25 May 22 Barbara J Faulkenberry 2022 RSU - Stock Common Stock Grant Acquire A No No 0 3,055 0 3,055
25 May 22 Mary Shafer-Malicki Phantom Stock Units. Common Stock Option exercise Acquire M No No 0 1,223 0 1,223
25 May 22 Mary Shafer-Malicki 2021 RSU - Stock Common Stock Option exercise Dispose M No No 0 1,223 0 0
25 May 22 Mary Shafer-Malicki 2022 RSU - Stock Common Stock Grant Acquire A No No 0 3,055 0 3,055
25 May 22 Sevilla-Sacasa Frances Aldrich 2022 RSU - Stock Common Stock Grant Acquire A No No 0 3,055 0 3,055
25 May 22 Finch Michael L 2022 RSU - Stock Common Stock Grant Acquire A No No 0 3,055 0 3,055
94.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 246 223 +10.3%
Opened positions 59 45 +31.1%
Closed positions 36 31 +16.1%
Increased positions 73 88 -17.0%
Reduced positions 76 57 +33.3%
13F shares Current Prev Q Change
Total value 3.88B 3.24B +19.5%
Total shares 58.12M 60.81M -4.4%
Total puts 1.49M 2.86M -48.0%
Total calls 2.76M 2.26M +22.3%
Total put/call ratio 0.5 1.3 -57.5%
Largest owners Shares Value Change
Kimmeridge Energy Management 11.7M $691.28M 0.0%
BLK Blackrock 7.61M $449.43M +2.9%
Blackstone Holdings III 7.51M $457.71M -15.1%
BX Blackstone 7.32M $432.55M -17.2%
Vanguard 4.48M $264.75M +23.8%
STT State Street 3.53M $208.68M +19.3%
Lord, Abbett & Co. 1.09M $64.63M NEW
JB Investments Management 902.03K $53.29M -71.7%
Geode Capital Management 809.74K $47.84M +2.1%
Millennium Management 762.67K $45.06M NEW
Largest transactions Shares Bought/sold Change
JB Investments Management 902.03K -2.28M -71.7%
BX Blackstone 7.32M -1.52M -17.2%
Blackstone Holdings III 7.51M -1.34M -15.1%
Lord, Abbett & Co. 1.09M +1.09M NEW
Vanguard 4.48M +860.49K +23.8%
Millennium Management 762.67K +762.67K NEW
STT State Street 3.53M +572.22K +19.3%
Lion Point Capital 0 -527.54K EXIT
Driehaus Capital Management 569.57K +457.55K +408.5%
Two Sigma Investments 3.72K -434.22K -99.2%

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • We are 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. Our activities are primarily focused on horizontal development in the Midland and Delaware Basins, both of which are part of the larger Permian Basin in West Texas, as well as the Eagle Ford in South Texas.
  • Our operating culture is centered on responsible development of hydrocarbon resources, safety and the environment, which we believe strengthens our operational performance. Our drilling activity is predominantly focused on the horizontal development of several prospective intervals in the Permian, including multiple levels of the Wolfcamp formation and the Lower Spraberry shales, and the Eagle Ford. We have assembled a multi-year inventory of potential horizontal well locations and intend to add to this inventory through delineation drilling of emerging zones on our existing acreage and through acquisition of additional locations through working interest acquisitions, leasing programs, acreage purchases, joint ventures and asset swaps.

Content analysis

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