Callon Petroleum Company Receives Continued Listing Standard Notice from NYSE and Provides Response and Operational Update
Callon Petroleum Company (CPE)
Last callon petroleum company earnings: 2/26 05:35 pm
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US:NYSE Investor Relations:
ir.callon.com
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Source: PR Newswire
HOUSTON, April 16, 2020 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon") today announced that on April 10, 2020, it received formal notice from the New York Stock Exchange ("NYSE") that the average closing price of Callon's shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE.As required by the NYSE, Callon has responded to the NYSE regarding its intent to cure the deficiency to return to compliance with the NYSE continued listing requirements within the six-month cure period. Callon intends to put forth a proposal for a reverse stock split in connection with its annual meeting of shareholders.Update for 2020 OutlookCallon's integration process and associated synergy capture has progressed ahead of schedule in the first quarter despite the challenges of the current economic and operating environment. Current expectations for first quarter operation
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