Imperial Capital Begins Coverage on Chaparral Energy (CHPE)

Imperial Capital began coverage on shares of Chaparral Energy (OTCMKTS:CHPE) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $31.00 price target on the stock. Imperial Capital also issued estimates for Chaparral Energy’s Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.20) EPS.

Separately, Roth Capital initiated coverage on Chaparral Energy in a research report on Monday, December 11th. They issued a buy rating and a $34.50 price objective for the company.

Chaparral Energy (OTCMKTS CHPE) opened at $24.88 on Tuesday. Chaparral Energy has a 52-week low of $12.00 and a 52-week high of $26.00.

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