$64.61 Million in Sales Expected for Chaparral Energy Inc (NYSE:CHAP) This Quarter

Brokerages expect Chaparral Energy Inc (NYSE:CHAP) to post sales of $64.61 million for the current quarter, Zacks reports. Three analysts have made estimates for Chaparral Energy’s earnings, with the highest sales estimate coming in at $72.00 million and the lowest estimate coming in at $55.49 million. Chaparral Energy reported sales of $61.93 million in the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The business is expected to announce its next quarterly earnings results on Thursday, March 12th.

According to Zacks, analysts expect that Chaparral Energy will report full year sales of $236.61 million for the current financial year, with estimates ranging from $226.11 million to $242.00 million. For the next year, analysts anticipate that the firm will post sales of $277.66 million, with estimates ranging from $250.57 million to $293.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Chaparral Energy.

Chaparral Energy (NYSE:CHAP) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). The firm had revenue of $52.64 million for the quarter, compared to analyst estimates of $62.56 million. Chaparral Energy had a negative return on equity of 2.08% and a negative net margin of 86.43%.

Several research firms recently issued reports on CHAP. Roth Capital reduced their price target on shares of Chaparral Energy from $16.00 to $9.00 in a research report on Wednesday, October 9th. ValuEngine upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Imperial Capital cut their target price on shares of Chaparral Energy from $6.00 to $3.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Finally, Zacks Investment Research upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 25th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Chaparral Energy by 661.2% during the second quarter. BlackRock Inc. now owns 1,722,014 shares of the company’s stock worth $8,110,000 after buying an additional 1,495,785 shares during the last quarter. Nomura Asset Management Co. Ltd. bought a new position in Chaparral Energy during the second quarter worth $880,000. Vanguard Group Inc. raised its stake in Chaparral Energy by 20.8% during the second quarter. Vanguard Group Inc. now owns 1,835,879 shares of the company’s stock worth $8,646,000 after buying an additional 316,205 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in Chaparral Energy during the second quarter worth $63,000. Finally, Creative Planning bought a new position in Chaparral Energy during the second quarter worth $94,000. 90.86% of the stock is owned by institutional investors and hedge funds.

NYSE CHAP opened at $0.97 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $42.92 million, a price-to-earnings ratio of 3.13 and a beta of 4.01. The firm’s 50 day simple moving average is $0.92 and its 200 day simple moving average is $2.31. Chaparral Energy has a 1 year low of $0.70 and a 1 year high of $8.99.

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.

Recommended Story: What is a dividend reinvestment plan?

Get a free copy of the Zacks research report on Chaparral Energy (CHAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Chaparral Energy (NYSE:CHAP)

Receive News & Ratings for Chaparral Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chaparral Energy and related companies with MarketBeat.com's FREE daily email newsletter.