Chaparral Energy Inc (CHAP) Expected to Announce Earnings of $0.17 Per Share

Wall Street brokerages forecast that Chaparral Energy Inc (NYSE:CHAP) will post earnings per share of $0.17 for the current quarter, according to Zacks. Three analysts have made estimates for Chaparral Energy’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.16. Chaparral Energy posted earnings per share of $0.11 in the same quarter last year, which suggests a positive year-over-year growth rate of 54.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 13th.

On average, analysts expect that Chaparral Energy will report full-year earnings of $0.74 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.82. For the next financial year, analysts expect that the firm will report earnings of $1.16 per share, with EPS estimates ranging from $1.13 to $1.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 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 consensus estimate of $0.02 by ($0.08). Chaparral Energy had a negative net margin of 24.76% and a positive return on equity of 10.54%. The business had revenue of $49.82 million during the quarter, compared to analysts’ expectations of $52.56 million.

Several equities research analysts have weighed in on CHAP shares. Zacks Investment Research upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine cut Chaparral Energy from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd.

In other news, CEO Kermit Earl Reynolds bought 7,100 shares of the stock in a transaction dated Friday, March 29th. The stock was bought at an average price of $5.64 per share, for a total transaction of $40,044.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Strategic Value Partners, Llc bought 300,000 shares of the stock in a transaction dated Thursday, April 18th. The stock was purchased at an average price of $5.98 per share, with a total value of $1,794,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 3,236,451 shares of company stock valued at $17,123,082.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Value Partners LLC lifted its holdings in Chaparral Energy by 12.8% during the first quarter. Strategic Value Partners LLC now owns 8,808,937 shares of the company’s stock worth $50,211,000 after buying an additional 1,000,000 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Chaparral Energy by 22.6% in the fourth quarter. Lord Abbett & CO. LLC now owns 2,890,930 shares of the company’s stock worth $14,223,000 after buying an additional 532,429 shares during the last quarter. Prudential PLC increased its position in Chaparral Energy by 21.0% during the fourth quarter. Prudential PLC now owns 2,843,182 shares of the company’s stock worth $13,988,000 after acquiring an additional 493,402 shares during the period. Paloma Partners Management Co increased its position in Chaparral Energy by 108.7% during the fourth quarter. Paloma Partners Management Co now owns 2,131,177 shares of the company’s stock worth $10,485,000 after acquiring an additional 1,109,946 shares during the period. Finally, Fir Tree Capital Management LP increased its position in Chaparral Energy by 16.4% during the fourth quarter. Fir Tree Capital Management LP now owns 1,748,494 shares of the company’s stock worth $8,603,000 after acquiring an additional 245,811 shares during the period. Institutional investors own 93.28% of the company’s stock.

Shares of NYSE:CHAP traded up $0.02 on Monday, hitting $4.62. The company’s stock had a trading volume of 30,408 shares, compared to its average volume of 443,612. Chaparral Energy has a 1 year low of $4.13 and a 1 year high of $21.00. The stock has a market cap of $216.25 million, a P/E ratio of 14.90 and a beta of 3.72. The company has a quick ratio of 1.02, a current ratio of 0.52 and a debt-to-equity ratio of 0.42.

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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