CPE stock is soaring today after Callon Petroleum (NYSE:CPE) posted its fourth-quarter and full-year earnings, which beat analysts’ expectations and showed a surge in oil production.
Robust Quarter
The Houston-based oil producer reported adjusted Q4 earnings of 23 cents per share, beating the Zacks Consensus Estimate of 16 cents. Operating revenue of US$196.1 million surpassed analyst estimates of US$180 million and increased from US$161.9 million posted in the same period a year earlier. The robust earnings, which are also the first to include operations from Callon Petroleum’s takeover of Carrizo Oil & Gas, were driven by ...
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Source: MicroSmallCap
(February 28, 2020 - 3:05 PM EST)
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