Chaparral Energy Inc (CHAP) Expected to Post Quarterly Sales of $58.57 Million

Wall Street brokerages predict that Chaparral Energy Inc (NYSE:CHAP) will announce sales of $58.57 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Chaparral Energy’s earnings. The lowest sales estimate is $56.00 million and the highest is $63.00 million. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 13th.

According to Zacks, analysts expect that Chaparral Energy will report full-year sales of $236.94 million for the current fiscal year, with estimates ranging from $222.61 million to $254.00 million. For the next financial year, analysts expect that the company will post sales of $324.16 million, with estimates ranging from $274.34 million to $372.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Chaparral Energy.

Chaparral Energy (NYSE:CHAP) last announced its earnings results on Tuesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. Chaparral Energy had a negative net margin of 58.62% and a negative return on equity of 13.28%. The business had revenue of $58.43 million for the quarter, compared to analyst estimates of $57.63 million.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Chaparral Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Stifel Nicolaus assumed coverage on shares of Chaparral Energy in a research report on Thursday, October 11th. They set a “buy” rating and a $23.00 target price on the stock.

In other Chaparral Energy news, CEO Kermit Earl Reynolds purchased 5,900 shares of the stock in a transaction on Friday, August 17th. The shares were purchased at an average price of $16.03 per share, with a total value of $94,577.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of CHAP stock opened at $14.91 on Thursday. Chaparral Energy has a 1 year low of $13.65 and a 1 year high of $25.85. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.38.

Chaparral Energy Company Profile

Chaparral Energy, Inc engages in the acquisition, exploration, development, production, and operation of onshore oil and natural gas properties primarily in Oklahoma, the United States. The company sells crude oil, natural gas, and natural gas liquids primarily to refineries and gas processing plant.

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