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NATCHEZ, Miss. (AP) _ Callon Petroleum Co. (CPE) on Wednesday reported a second-quarter loss of $5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Natchez, Mississippi-based company said it had a loss of 11 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The independent oil and gas company posted revenue of $39.2 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $39.8 million.
Callon shares have risen 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.35, a drop of 32 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPE at http://www.zacks.com/ap/CPE
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Keywords: Callon Petroleum, Earnings Report
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Callon Petroleum Company
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CODE : CPE |
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ISIN : US13123X1028 |
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Callon Petroleum is a oil development stage company based in Canada. Callon Petroleum is listed in Germany and in United States of America. Its market capitalisation is US$ 7.2 billions as of today (€ 6.3 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. |