Chaparral Energy Inc (NYSE:CHAP) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $19.33 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 160 out of 255 based on the ratings given to related companies.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Chaparral Energy from a “hold” rating to a “buy” rating and set a $6.25 price target for the company in a research note on Tuesday. ValuEngine cut Chaparral Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th.
In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average price of $4.51 per share, with a total value of $4,510,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kermit Earl Reynolds acquired 7,100 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The shares were acquired at an average cost of $5.64 per share, for a total transaction of $40,044.00. The disclosure for this purchase can be found here. Insiders have bought 1,843,898 shares of company stock valued at $9,068,753 in the last 90 days.
A number of hedge funds have recently made changes to their positions in CHAP. Great West Life Assurance Co. Can acquired a new position in Chaparral Energy during the fourth quarter worth $32,000. California Public Employees Retirement System acquired a new position in Chaparral Energy during the fourth quarter worth $53,000. Dimensional Fund Advisors LP acquired a new position in Chaparral Energy during the fourth quarter worth $67,000. Hancock Whitney Corp acquired a new position in Chaparral Energy during the fourth quarter worth $82,000. Finally, RBF Capital LLC acquired a new position in Chaparral Energy during the fourth quarter worth $125,000. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE CHAP opened at $5.26 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 1.02. Chaparral Energy has a twelve month low of $4.13 and a twelve month high of $21.25. The company has a market capitalization of $255.94 million, a price-to-earnings ratio of 16.97 and a beta of 3.54.
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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