The second quarter was a tough period for Callon Petroleum (CPE) but the shale driller's outlook is looking better, and with shares trading at a discount against peers, this oil stock might be worth considering.
Callon Petroleum struggled in the second quarter but its earnings will likely grow in the future as oil prices recover to $40 a barrel and the company's production stabilizes. Its ongoing cost reduction efforts will also provide support to the earnings. The Houston, Texas-based company might generate free cash flows in the next quarters as its cash flows