Chaparral Energy (CHAP) Raised to “Hold” at Zacks Investment Research

Chaparral Energy (NYSE:CHAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Chaparral Energy, Inc. engages in the oil and natural gas exploration and production. It focuses on deposits of Stack, Meramec and Osage, Oswego, and Woodford located in Oklahoma and the Texas Panhandle. Chaparral Energy, Inc. is headquartered in Oklahoma City, OK. “

CHAP has been the subject of several other research reports. ValuEngine downgraded shares of Chaparral Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, December 21st. Imperial Capital reiterated an “outperform” rating and set a $25.00 target price on shares of Chaparral Energy in a research note on Thursday, January 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $23.00 target price on shares of Chaparral Energy in a research note on Tuesday, November 27th.

Shares of NYSE:CHAP traded up $0.28 during trading on Monday, hitting $7.70. The company’s stock had a trading volume of 73,600 shares, compared to its average volume of 95,882. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 0.85. Chaparral Energy has a fifty-two week low of $4.48 and a fifty-two week high of $24.80.

Chaparral Energy (NYSE:CHAP) last posted its quarterly earnings results on Tuesday, November 13th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.07. The business had revenue of $66.72 million during the quarter, compared to the consensus estimate of $58.57 million. Chaparral Energy had a negative net margin of 57.97% and a negative return on equity of 10.87%. Equities analysts expect that Chaparral Energy will post 0.55 EPS for the current year.

In other news, CEO Kermit Earl Reynolds bought 4,030 shares of the stock in a transaction that occurred on Tuesday, November 27th. The stock was purchased at an average price of $12.31 per share, for a total transaction of $49,609.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System purchased a new stake in Chaparral Energy in the fourth quarter valued at $53,000. Tower Research Capital LLC TRC purchased a new stake in Chaparral Energy in the third quarter valued at $272,000. Bank of New York Mellon Corp lifted its position in Chaparral Energy by 211.9% in the fourth quarter. Bank of New York Mellon Corp now owns 63,049 shares of the company’s stock valued at $310,000 after acquiring an additional 42,837 shares during the last quarter. BlackRock Inc. purchased a new stake in Chaparral Energy in the fourth quarter valued at $355,000. Finally, Q Global Advisors LLC purchased a new stake in Chaparral Energy in the third quarter valued at $441,000. Hedge funds and other institutional investors own 73.53% of the company’s stock.

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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