| Callon misses Street 4Q forecasts | |
| | |
|
NATCHEZ, Miss. (AP) _ Callon Petroleum Co. (CPE) on Wednesday reported fourth-quarter profit of $17 million.
The Natchez, Mississippi-based company said it had profit of 38 cents per share. Earnings, adjusted for non-recurring gains, came to 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.
The independent oil and gas company posted revenue of $38.4 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $46 million.
For the year, the company reported net income of $37.8 million, or 65 cents per share, swinging to a profit in the period. Revenue was reported as $151.9 million.
Callon shares have increased 37 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.45, a climb of nearly 7 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPE at http://www.zacks.com/ap/CPE
_____
Keywords: Callon Petroleum, Earnings Report
|
|
|
Callon Petroleum Company
|
|
|
CODE : CPE |
ISIN : US13123X1028 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Callon Petroleum is a oil development stage company based in Canada. Callon Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 7.2 billions as of today (€ 6.7 billions). Its stock quote reached its lowest recent point on March 13, 2020 at US$ 0.38, and its highest recent level on March 28, 2024 at US$ 35.76. Callon Petroleum has 201 939 430 shares outstanding. |