Analysts Expect Chaparral Energy Inc (CHAP) Will Announce Quarterly Sales of $58.57 Million

Equities research analysts expect Chaparral Energy Inc (NYSE:CHAP) to announce $58.57 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Chaparral Energy’s earnings, with estimates ranging from $56.00 million to $63.00 million. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 13th.

According to Zacks, analysts expect that Chaparral Energy will report full-year sales of $236.94 million for the current financial year, with estimates ranging from $222.61 million to $254.00 million. For the next fiscal year, analysts forecast that the business will post sales of $324.16 million, with estimates ranging from $274.34 million to $372.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Chaparral Energy.

Chaparral Energy (NYSE:CHAP) last issued its earnings results on Tuesday, August 14th. The company reported $0.11 EPS for the quarter, beating 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 the consensus estimate of $57.63 million.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Chaparral Energy from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, October 22nd. Stifel Nicolaus assumed coverage on shares of Chaparral Energy in a report on Thursday, October 11th. They set a “buy” rating and a $23.00 price target for the company.

Shares of CHAP stock opened at $14.47 on Thursday. Chaparral Energy has a 52 week low of $13.65 and a 52 week 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.

In other news, CEO Kermit Earl Reynolds purchased 5,900 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average cost of $16.03 per share, with a total value of $94,577.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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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