Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, exploration, and development of oil and natural gas properties in Permian Basin in West Texas. As of December 31, 2020, its estimated net proved reserves totaled approximately 475.9 million barrel of oil equivalent, including 289.5 MMBbls oil, 541.6 Bcf of natural gas, and 96.1 MMBbls of natural gas liquids. The company was founded in 1950 and is headquartered in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: callon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2024 | $60.00 → $40.00 | Buy → Neutral | Mizuho |
| 8/16/2023 | $40.00 → $45.00 | Neutral → Buy | Citigroup |
| 1/10/2023 | $59.00 | Buy | Mizuho |
| 12/5/2022 | $57.00 | Underweight → Neutral | JP Morgan |
| 9/20/2022 | Sector Weight | KeyBanc Capital Markets | |
| 7/6/2022 | $75.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/18/2022 | $80.00 | Neutral → Buy | ROTH Capital |
| 3/8/2022 | $64.00 → $100.00 | Hold → Buy | Truist Securities |
| 1/25/2022 | $77.00 → $63.00 | Equal-Weight | Morgan Stanley |
| 1/21/2022 | $62.00 | Neutral → Underweight | JP Morgan |
HOUSTON, April 01, 2024 (GLOBE NEWSWIRE) -- APA Corporation (NASDAQ:APA) announced today that its acquisition of Callon Petroleum Company (NYSE:CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024. "We are very pleased to close this transaction as Callon's assets bring scale to our Delaware position and balance to our overall Permian asset base — all at what we believe is a compelling valuation," said John J. Christmann IV, APA's CEO. "We are confident this transaction will create shareholder value, as we expect to drive improved capital productivity and well performance, while realizing significant cost synergies.
HOUSTON, March 29, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today announced the expiration and final tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). The Offers and the Cons
NEW YORK, March 25, 2024 /PRNewswire/ -- AppFolio Inc. (NASD:APPF) will replace Inari Medical Inc. (NASD:NARI) in the S&P MidCap 400, and Inari Medical will replace Callon Petroleum Co. (NYSE:CPE) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, April 1. S&P 500 constituent APA Corp. (NASD:APA) is acquiring Callon Petroleum in a transaction expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector April 1, 2024 S&P MidCap 400 Addition AppFolio APPF Information Technology S&P
HOUSTON, March 15, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today announced the pricing terms of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). As previously announced, the Offers are conti
HOUSTON, March 15, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today announced the early tender results of its previously announced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"). The terms and conditions of the Offers and the Consent Solicitations (as defined below) are set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). According to information provided by D
HOUSTON, March 1, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today announced that it has commenced cash tender offers (the "Offers") for any and all of its 8.000% Senior Notes due 2028 (the "2028 Notes") and any and all of its 7.500% Senior Notes due 2030 (the "2030 Notes" and, together with the 2028 Notes, the "Notes"), upon the terms and conditions set forth in the Offer to Purchase and Consent Solicitation Statement, dated as of March 1, 2024 (as it may be amended or supplemented from time to time, the "Statement"). The Offers will expire at 11:59 p.m., New York City time, on March 28, 2024, unless extended or earlier terminated (as such time may
MONSEY, N.Y., Feb. 28, 2024 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP has renewed its investigation of the proposed merger of Callon Petroleum Company (NYSE:CPE) ("Callon") with APA Corp. ("APA") in an all-stock transaction that values Callon at approximately $38.31/share, which is below the price target of virtually all Wall Street analysts for Callon stock prior to announcement of the merger. The investigation of the proposed merger was renewed upon the filing of a proxy by Callon on February 16, 2024. If you remain a Callon shareholder and have concerns about the transaction, you may contact our firm at the following link to discuss your legal rights at no charge: https
Fourth quarter results top expectations for production Long-term debt further reduced to $1.9 billion Realized reductions in well costs and gains in well productivity to drive 2024 capital efficiency HOUSTON, Feb. 26, 2024 /PRNewswire/ -- Callon Petroleum Company (NYSE:CPE) ("Callon" or the "Company") today reported fourth quarter and full year 2023 financial and operating results. Due to the pending merger (the "Merger") with APA Corporation ("APA"), Callon will not host a conference call or webcast to discuss its fourth quarter and full year 2023 results. Fourth Quarter 2023 Highlights Generated $298.3 million of net cash provided by operating activitiesAdjusted free cash flow of $120.2
Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics;Adds to APA's high-quality, short-cycle development inventory and increases oil mix; andStrengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.*HOUSTON, Jan. 4, 2024 /PRNewswire/ -- APA Corporation ("APA" or the "Company") (NASDAQ:APA) and Callon Petroleum Company ("Callon") (NYSE:CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.5 billion,
Complements and enhances APA's asset base in the Permian Basin; expected to be accretive to key financial metrics;Adds to APA's high-quality, short-cycle development inventory and increases oil mix; andStrengthens APA's position as a leading, diversified independent E&P with pro forma production of more than 500,000 barrels of oil equivalent (BOE) per day and pro forma enterprise value in excess of $21 billion.* HOUSTON, Jan. 04, 2024 (GLOBE NEWSWIRE) -- APA Corporation ("APA" or the "Company") (NASDAQ:APA) and Callon Petroleum Company ("Callon") (NYSE:CPE) have entered into a definitive agreement under which APA will acquire Callon in an all-stock transaction valued at approximately $4.