Analysts Anticipate Chaparral Energy Inc (NYSE:CHAP) Will Announce Earnings of $0.13 Per Share

Wall Street analysts expect that Chaparral Energy Inc (NYSE:CHAP) will report $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Chaparral Energy’s earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.07. Chaparral Energy reported earnings of $0.11 per share in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, August 8th.

On average, analysts expect that Chaparral Energy will report full-year earnings of $0.58 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.77 per share, with EPS estimates ranging from $0.41 to $1.02. Zacks’ EPS averages are an average based on a survey of analysts that follow Chaparral Energy.

Chaparral Energy (NYSE:CHAP) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08). Chaparral Energy had a negative net margin of 24.76% and a negative return on equity of 0.91%. The firm had revenue of $49.82 million for the quarter, compared to the consensus estimate of $52.56 million.

Several equities research analysts recently weighed in on CHAP shares. ValuEngine upgraded Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday.

Shares of NYSE CHAP traded up $0.04 during mid-day trading on Friday, hitting $5.85. 587,105 shares of the stock traded hands, compared to its average volume of 491,589. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.50 and a current ratio of 0.52. Chaparral Energy has a 52 week low of $3.00 and a 52 week high of $20.00. The company has a market capitalization of $267.09 million, a P/E ratio of 18.87 and a beta of 3.76. The stock has a fifty day moving average of $4.12.

In related news, major shareholder Strategic Value Partners, Llc bought 196,732 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were acquired at an average cost of $5.58 per share, with a total value of $1,097,764.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 2,916,339 shares of company stock worth $14,611,310 over the last three months. Corporate insiders own 2.19% of the company’s stock.

Large investors have recently made changes to their positions in the company. Impax Asset Management Group plc lifted its holdings in shares of Chaparral Energy by 30.1% during the fourth quarter. Impax Asset Management Group plc now owns 83,306 shares of the company’s stock valued at $410,000 after purchasing an additional 19,281 shares in the last quarter. Paloma Partners Management Co lifted its holdings in shares of Chaparral Energy by 108.7% during the fourth quarter. Paloma Partners Management Co now owns 2,131,177 shares of the company’s stock valued at $10,485,000 after purchasing an additional 1,109,946 shares in the last quarter. FMR LLC lifted its holdings in shares of Chaparral Energy by 22.0% during the fourth quarter. FMR LLC now owns 260,162 shares of the company’s stock valued at $1,280,000 after purchasing an additional 46,894 shares in the last quarter. Lasry Marc lifted its holdings in shares of Chaparral Energy by 30.1% during the fourth quarter. Lasry Marc now owns 1,265,064 shares of the company’s stock valued at $6,224,000 after purchasing an additional 292,474 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Chaparral Energy by 21.8% during the fourth quarter. Principal Financial Group Inc. now owns 1,463,129 shares of the company’s stock valued at $7,199,000 after purchasing an additional 261,810 shares in the last quarter. 77.50% of the stock is currently owned by hedge funds and other institutional investors.

About Chaparral Energy

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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