CPE / Callon Petroleum: This Undervalued E&P May Be Worth Considering

Callon Petroleum Company (NYSE:CPE ) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Kevin Haggard - CFO Joe Gatto - more_horizontal

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Neverthe more_horizontal

While the top- and bottom-line numbers for Callon (CPE) give a sense of how the business performed in the quarter ended September 2023, it could be wo more_horizontal

MPLX is likely to have generated stable fee-based revenues in Q3, banking on its huge network of midstream assets. more_horizontal

Callon (CPE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions. more_horizontal

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Callon (CPE) could be a great choi more_horizontal

Being a leading exploration and production company, Callon Petroleum (CPE) is well-positioned to capitalize on handsome crude prices. However, it is e more_horizontal

September has traditionally been a weak month. The energy sector is top-ranked for performance in this month. more_horizontal