Callon Oil (CPE) reported $560.05 million in profits for the quarter finished March 2023, standing for a year-over-year decrease of 27.9%. EPS of $1.94 for the exact same duration contrasts to $3.43 a year back.
The reported profits stands for a shock of +5.80% over the Zacks Agreement Price Quote of $529.34 million. With the agreement EPS price quote being $1.96, the EPS shock was -1.02%.
While capitalists look at profits and also incomes modifications year-over-year and also just how they compare to Wall surface Road assumptions to establish their following relocation, some vital metrics constantly use an even more exact photo of a firm’s monetary health and wellness.
As these metrics affect leading- and also fundamental efficiency, contrasting them to the year-ago numbers and also what experts approximated aids capitalists predict a supply’s cost efficiency a lot more properly.
Right Here is just how Callon carried out in the simply reported quarter in regards to the metrics most extensively checked and also forecasted by Wall surface Road experts:
- Overall ordinary day-to-day manufacturing: 99768 BOE/D versus 98497.21 BOE/D approximated by 7 experts usually.
- Typical prices – Gas: $2.22 per thousand cubic feet versus $2.05 per thousand cubic feet approximated by 5 experts usually.
- Typical prices – Oil: $75.65 per barrel versus $74.65 per barrel approximated by 5 experts usually.
- Typical prices – NGLs: $24.18 per barrel versus the five-analyst ordinary price quote of $23.03 per barrel.
- Manufacturing – Overall: 8979 MBOE versus 8925.03 MBOE approximated by 4 experts usually.
- Typical understood prices (consisting of effect of resolved by-products) – Gas: $3.04 per thousand cubic feet versus $2.28 per thousand cubic feet approximated by 3 experts usually.
- Typical understood prices (consisting of effect of resolved by-products)- Oil: $76.26 per barrel versus $71.65 per barrel approximated by 3 experts usually.
- Typical understood prices (consisting of effect of resolved by-products) – NGLs: $24.18 per barrel contrasted to the $22.22 per barrel ordinary price quote based upon 3 experts.
- Profits- Gas fluids: $43.37 million versus $40.68 million approximated by 5 experts usually.
- Profits- Gas: $23.59 million versus $28.23 million approximated by 5 experts usually. Contrasted to the year-ago quarter, this number stands for a -46.4% adjustment.
- Profits- Oil sales: $409.56 million versus the four-analyst ordinary price quote of $403.55 million. The reported number stands for a year-over-year adjustment of -26%.
- Profits- Sales of acquired oil and also gas: $83.53 million contrasted to the $92.26 million ordinary price quote based upon 3 experts.
View all Key Company Metrics for Callon here>>>
Shares of Callon have actually returned -15% over the previous month versus the Zacks S&P 500 compound’s +0.4% adjustment. The supply presently has a Zacks Ranking # 3 (Hold), showing that it might carry out according to the more comprehensive market in the close to term.
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Callon Petroleum Company (CPE) : Free Stock Analysis Report
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