Chaparral Energy Inc (NYSE:CHAP) has been given an average broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $19.33 for the company and are expecting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Chaparral Energy an industry rank of 96 out of 255 based on the ratings given to its competitors.
A number of research analysts recently issued reports on CHAP shares. Zacks Investment Research lowered Chaparral Energy from a “buy” rating to a “hold” rating in a report on Monday, December 17th. ValuEngine lowered Chaparral Energy from a “sell” rating to a “strong sell” rating in a report on Friday, December 21st. Finally, Imperial Capital reiterated an “outperform” rating and issued a $25.00 target price on shares of Chaparral Energy in a report on Thursday, January 10th.
In other Chaparral Energy news, CEO Kermit Earl Reynolds purchased 7,100 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was bought at an average cost of $5.64 per share, with a total value of $40,044.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Strategic Value Partners, Llc purchased 836,798 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were acquired at an average cost of $5.40 per share, with a total value of $4,518,709.20. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 1,843,898 shares of company stock valued at $9,068,753.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can purchased a new stake in Chaparral Energy during the 4th quarter worth about $32,000. California Public Employees Retirement System acquired a new stake in shares of Chaparral Energy during the fourth quarter worth about $53,000. Dimensional Fund Advisors LP acquired a new stake in shares of Chaparral Energy during the fourth quarter worth about $67,000. Hancock Whitney Corp acquired a new stake in shares of Chaparral Energy during the fourth quarter worth about $82,000. Finally, RBF Capital LLC acquired a new stake in shares of Chaparral Energy during the fourth quarter worth about $125,000. 93.75% of the stock is owned by institutional investors.
NYSE:CHAP traded up $0.35 during midday trading on Wednesday, reaching $6.01. The company had a trading volume of 1,453,189 shares, compared to its average volume of 229,194. The firm has a market cap of $255.02 million, a PE ratio of 19.39 and a beta of 3.55. Chaparral Energy has a 12-month low of $4.13 and a 12-month high of $21.25. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34.
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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