Callon Petroleum Co
Why the Numbers Look Bearish for These Upstream Stocks
All these upstream companies have seen the short interest in their stocks rise—an potential indication of market skepticism in these companies’ abilities to profit from oil’s recent gains.
WTI Oil’s Struggle: Which Oil-Weighted Stocks Should You Watch?
On July 18, US crude oil September futures rose 0.9% and closed at $67.75 per barrel.
Futures Spread Nearing Discount: US Crude Sentiment Might Reverse
On October 22, US crude oil December 2018 futures closed just ~$0.6 above the December 2019 futures.
Lower US Crude Oil Production Forecasts for 2019
The EIA reported that US crude oil production increased by 100,000 bpd (barrels per day) to a record high of 10.9 MMbpd on June 1–8.
Are You Looking at the Right Oil-Weighted Stocks?
On May 16, US crude oil June futures rose 0.3% and closed at $71.49 per barrel, a more-than-three-year high.
Why a Change in Inventory Could Make Oil Bulls Happy
According to the EIA’s report on July 18, US crude oil inventories rose by ~5.8 MMbbls to ~411.1 MMbbls in the week that ended on July 13.
EIA Inventory Data Might Concern Oil Bulls
In the week ending January 4, US crude oil inventories were 8% higher than their five-year average—the same as the previous week.
What Are Callon Petroleum’s Free Cash Flow Trends?
In 3Q16, Callon Petroleum (CPE) reported CFO (cash flow from operations) of ~$12.3 million, which is ~51% lower than its CFO in 3Q15.
Did Oil ETFs Outperform US Crude Oil Last Week?
Last week, Whiting Petroleum (WLL) rose 11.7%—the largest gainer on our list of oil-weighted stocks. Callon Petroleum (CPE) fell 2.4%.
Which Oil-Weighted Stocks Might Be Most Affected by OPEC Meeting?
On December 5, US crude oil January futures fell 0.7% and closed at $52.89 per barrel.
Last Week’s Strongest Exploration and Production Stocks
Black Stone Minerals (BSM), a mineral interest owner structured as an MLP, was the strongest E&P (exploration and production) stock last week, rising 11.1%.
Doubts over OPEC’s Deal: Which Oil-Weighted Stocks to Consider?
On January 13, 2017, WTI (West Texas Intermediate) crude oil (USO) (OIIL) February contracts closed at $52.37 per barrel, ~1.2% lower than their previous closing price.
Are Oil-Weighted Stocks Outperforming Oil Prices?
On July 24–31, 2017, oil-weighted stocks in the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) collectively rose 5.9%.
Futures Spread: Less Bearish Sentiments for Oil?
On January 7, US crude oil February 2019 futures closed ~$3.1 below the February 2020 futures.
US Crude Oil Prices Could Fall More
On June 4, US crude oil July futures fell 1.6% and settled at $64.75 per barrel—the lowest closing level for active US crude oil futures since April 9.
Futures Spread: OPEC’s Deal Might Not Impact Oil
On December 10, the futures spread was at a discount of ~$1.4. On December 10–17, US crude oil February futures fell 2%.
Oil’s Flip-Flop: Which Oil-Weighted Stocks to Track?
Oil prices fell because of growing concerns about rising US crude oil production. The US oil rig count rose by 15 to 566 for the week ending on January 27.
Oil ETFs Rose More than Oil Last Week
Between December 28 and January 4, the United States Oil ETF (USO), United States 12-Month Oil ETF (USL), and ProShares Ultra Bloomberg Crude Oil ETF (UCO) rose 6.8%, 7.4%, and 14%, respectively.
How New Sanctions on Iran Could Affect Crude Oil Prices
On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran.
Falling Inventories Didn’t Help Oil’s Rise
Since the latest EIA (U.S. Energy Information Administration) data were released on January 4, US crude oil February futures have risen 1.2%.
US Crude Oil Is near a 3-Year High
On March 21, 2018, US crude oil May futures rose 2.6% and closed at $65.17 per barrel.
US Crude Oil Is at a 3-Year High
On April 18, 2018, US crude oil June futures rose 2.9% and closed at $68.47 per barrel—the highest closing level since December 2014.
How Did US Crude Oil ETFs Perform Last Week?
On December 7–14, the United States Oil ETF (USO) and the United States 12-Month Oil ETF (USL) fell 2.6% and 2.3%, respectively.
Should Energy Investors Be Cautious with Oil-Weighted Stocks?
On March 7, US crude oil April futures fell 2.3% and closed at $61.15 per barrel. Here’s what you need to know.
US Crude Oil below $60 Might Harm Oil-Weighted Stocks
On November 14, US crude oil December futures rose 1% and closed at $56.25 per barrel.
Oil Heading for Flat Weekly Close
On May 9, US crude oil June futures fell 0.7% and settled at $61.7 per barrel.
How to Analyze the EIA’s Inventory Data
Since the EIA (U.S. Energy Information Administration) released its inventory data on July 10, US crude oil August futures have fallen 4.7%.
US Dollar Hit a 3-Year Low: Good News for Crude Oil?
The US Dollar Index (UUP) fell 0.64% to 90.39 on January 16, 2018—the lowest level since December 2014.
OPEC Upgraded US Crude Oil Production Figures for 2018
According to the EIA, US crude oil production increased by 258,000 bpd (barrels per day) to 9,750,000 bpd on January 5–12, 2018.
Will Oil Continue Its Upside After EIA Data?
Since the EIA released its inventory data on July 17, US crude oil September futures have fallen 1.2%.
Oil: Futures Spread and Prices Are Diverging
On February 25, US crude oil April 2019 futures closed ~$1.8 below the April 2020 futures.
The Top Five Losses in the Energy Space Last Week
Between January 11 and January 18, upstream stock Laredo Petroleum (LPI) fell the most among our set of selected energy stocks.
Laredo Petroleum: Top Underperformer in the Upstream Space
On January 11–18, Laredo Petroleum fell the most on our list of upstream energy stocks from XOP.
Have Oil-Weighted Stocks Outdone Oil Prices?
On January 9–16, our list of oil-weighted stocks fell 1%—compared to the 0.1% fall in US crude oil February futures.
Key Oil-Weighted Stocks amid Oil’s Up and Down
On January 16, US crude oil February futures rose 0.4% and closed at $52.31 per barrel, despite bearish EIA inventory data.
Did Trade Talks Impact Oil-Weighted Stocks More than Oil?
In the trailing week, US crude oil active futures rose 12.5%. Occidental Petroleum was the third-largest gainer on our list of oil-weighted stocks.
Midstream Stocks Were the Outperformers Last Week
On August 3–10, midstream stock TC PipeLines (TCP) saw the highest gain on our list of energy stocks. The Alerian MLP ETF (AMLP) fell 0.6%.
Russia’s Crude Oil Production and OPEC’s Meeting
Russia’s crude oil output averaged 10.97 MMbpd (million barrels per day) in May. Russia’s crude oil production averaged 11.1 MMbpd in early June.
US Tight Oil Growth Driven by Increasing New Well Productivity
According to the EIA (U.S. Energy Information Administration), US tight oil production has increased in part due to the increasing productivity of new wells.
Upstream Losses: CXO, CDEV, CPE, RSPP, and MTDR
In the week starting on May 14, Concho Resources (CXO) decreased from $152.70 to $149.33—a decrease of more than 2.2%.
US Crude Oil Production Growth Forecast: Tight Oil Driving Growth
The U.S. Energy Information Administration has forecast that US crude oil production will average 10.7 million barrels per day this year.
Which Oil-Weighted Stocks Could Fall If Oil Falls?
On April 25, US crude oil June futures rose 0.5% and closed at $68.05 per barrel, despite a bearish inventory report.
Oil at a 3-Year High: Oil-Weighted Stocks that Could Gain
On April 11, US crude oil May futures closed at $66.82 per barrel—the peak level for US crude oil active futures since December 2, 2014.
Analyzing the Weakest Energy Performers Last week
On March 29–April 6, 2018, upstream stock RSP Permian (RSPP) fell the most on our list of energy stocks.
Tight Oil Contribution to Rise to 70%: Key Permian Basin Driver
In its “Annual Energy Outlook 2018,” the US Energy Information Administration (EIA) has forecast that US tight oil production will mostly increase through early 2040.
Stock Comparison: REI, CDEV, SD, JAG, and CPE
Stock performance In this part, we’ll compare Ring Energy’s (REI), Centennial Resource Development’s (CDEV), Sandridge Energy’s (SD), Jagged Peak Energy’s (JAG), and Callon Petroleum’s (CPE) stock performance. As we discussed in Part 7, these companies had the lowest last-12-month leverage ratios. Outliers and underperformers Ring Energy (REI) has outperformed peers significantly, rising ~39% YoY (year-over-year). Meanwhile, Centennial […]
These Upstream Companies Have the Lowest 12-Month Leverage
The five upstream with the lowest leverage In this part, we’ll look at the five upstream companies with the lowest leverage based on asset-to-equity ratios. A high asset-to-equity ratio indicates that debt is financing a larger portion of a company’s assets. The industry average ratio is 2.2x. The five upstream companies with the lowest LTM (last-12-month) leverage are Ring Energy […]
These Oil-Weighted Stocks Diverged from Oil’s Decline
Between February 28 and March 7, our collection of oil-weighted stocks gained 3.1%, compared to a 0.8% decline in US crude oil April futures.
Crude Oil Inventories Fell, Refinery Utilization Hit 12-Year High
US crude oil futures contracts for February delivery fell 0.1% to $61.95 per barrel at 1:05 AM EST on January 5, 2018—the highest level since December 2014.
Wolfcamp Benches and Permian Production Growth
According to the EIA (U.S. Energy Information Administration), Permian Basin production will increase to 4 million barrels per day by 2019.
US Gasoline Inventories Add More Pain to Crude Oil Futures
According to the EIA, US gasoline inventories rose by 6,780,000 barrels to 220.8 MMbbls (million barrels) on November 24–December 1, 2017.
Your Upstream Losers This Week: EXXI, REN, EPE, CPE, and UNT
So far this week (as of Tuesday, November 14), Energy XXI Gulf Coast (EXXI) has fallen from last week’s close of $8.83 to $5.49—a significant fall of ~38%.
Upstream Gainers This Week: Jones Energy Leads the Pack
So far this week, Jones Energy (JONE) has risen the most among upstream gainers, marking a significant increase of ~22%.
What Are Analysts Targeting for Callon Petroleum?
CPE’s highest target price stands at $24, while its lowest target price stands at $12.42, and its median target price stands at $19.5.
Callon Petroleum’s Revenue Growth and Net Profit Margin
Callon Petroleum’s (CPE) 3Q16 revenue rose ~63% YoY. Its revenue rose -13.5% YoY in 3Q15, while in 2Q16, its revenue rose ~15% YoY.
Understanding Callon Petroleum’s Earnings Trend
CPE’s earnings have been beating analysts’ expectations since 3Q15. Its adjusted net income in 3Q16 was $12.9 million, as compared to $3.1 million in 3Q15.
Callon Petroleum Makes Its First Delaware Basin Acquisition
On December 13, Callon Petroleum announced that it had agreed to acquire certain acreage positions and oil- and gas-producing properties from Ameredev.
Introducing Callon Petroleum
Callon Petroleum (CPE) is an independent exploration and production company with operations focused entirely in the Permian—a pure-play Permian company.
Why Denbury Resources’ Delhi Field Plant Is So Significant
Denbury Resources (DNR) is constructing an NGL (natural gas liquids) plant at its Delhi Field on the Gulf Coast.