DALLAS, Jan. 29, 2010 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Callon Petroleum Co. (NYSE:CPE). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.stockpreacher.com/n/CPE
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Callon Petroleum Co. (CPE) is engaged in the exploration, development, acquisition and production of oil and gas properties. The Company's properties are geographically concentrated primarily offshore in the Gulf Coast Region both onshore and offshore.
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In the report, the analyst notes:
“For the quarter ended September 30, 2009, the Company reported a net loss of $1.0 million, or $0.04 per share. Net income for the comparable period of 2008 was $5.9 million, or $0.27 per share. For the nine months ended September 30, 2009, CPE reported net income of $0.5 million, or $0.02 per share. This compares with net income of $18.6 million, or $0.85 per share during the same period of 2008. All per share amounts are on a diluted basis.
“Earlier this week CPE announced it has received $44.7 million from the U.S. Department of the Interior’s Minerals Management Service (MMS) to reimburse the Company for the overpayment of royalties at its Medusa Field in the Deepwater Region of the Gulf of Mexico. CPE is engaged in the acquisition, development, exploration and operation of oil and gas properties in Louisiana, Texas and the offshore waters of the Gulf of Mexico.”
To read the entire report visit: http://www.stockpreacher.com/n/CPE
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