Chaparral Energy Inc (CHAP) Major Shareholder Purchases $1,112,500.00 in Stock

Chaparral Energy Inc (NYSE:CHAP) major shareholder Strategic Value Partners, Llc bought 250,000 shares of the business’s stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $4.45 per share, for a total transaction of $1,112,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Strategic Value Partners, Llc also recently made the following trade(s):

  • On Thursday, April 18th, Strategic Value Partners, Llc bought 300,000 shares of Chaparral Energy stock. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $1,794,000.00.
  • On Monday, April 15th, Strategic Value Partners, Llc bought 1,092,553 shares of Chaparral Energy stock. The shares were acquired at an average cost of $5.73 per share, for a total transaction of $6,260,328.69.
  • On Tuesday, April 2nd, Strategic Value Partners, Llc bought 836,798 shares of Chaparral Energy stock. The shares were acquired at an average cost of $5.40 per share, for a total transaction of $4,518,709.20.
  • On Tuesday, March 19th, Strategic Value Partners, Llc acquired 1,000,000 shares of Chaparral Energy stock. The stock was purchased at an average cost of $4.51 per share, for a total transaction of $4,510,000.00.

Shares of Chaparral Energy stock opened at $4.20 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42. Chaparral Energy Inc has a 52-week low of $4.10 and a 52-week high of $20.80. The company has a market capitalization of $216.25 million, a PE ratio of 13.55 and a beta of 3.72.

Chaparral Energy (NYSE:CHAP) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Chaparral Energy had a positive return on equity of 10.54% and a negative net margin of 24.76%. The firm had revenue of $49.82 million during the quarter, compared to analysts’ expectations of $52.56 million. On average, equities research analysts expect that Chaparral Energy Inc will post 0.74 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN grew its position in shares of Chaparral Energy by 16.3% in the 1st quarter. Wells Fargo & Company MN now owns 38,876 shares of the company’s stock worth $222,000 after buying an additional 5,454 shares during the last quarter. Great West Life Assurance Co. Can purchased a new position in shares of Chaparral Energy in the 4th quarter worth approximately $32,000. Northern Trust Corp grew its position in shares of Chaparral Energy by 8.4% in the 1st quarter. Northern Trust Corp now owns 94,203 shares of the company’s stock worth $537,000 after buying an additional 7,276 shares during the last quarter. Morgan Stanley grew its position in shares of Chaparral Energy by 84.1% in the 1st quarter. Morgan Stanley now owns 20,354 shares of the company’s stock worth $117,000 after buying an additional 9,297 shares during the last quarter. Finally, California Public Employees Retirement System purchased a new position in shares of Chaparral Energy in the 4th quarter worth approximately $53,000. 93.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently issued reports on CHAP shares. ValuEngine raised shares of Chaparral Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

COPYRIGHT VIOLATION NOTICE: “Chaparral Energy Inc (CHAP) Major Shareholder Purchases $1,112,500.00 in Stock” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2019/05/22/chaparral-energy-inc-chap-major-shareholder-purchases-1112500-00-in-stock.html.

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.

Further Reading: How to interpret a stock’s beta number

Insider Buying and Selling by Quarter for Chaparral Energy (NYSE:CHAP)

Receive News & Ratings for Chaparral Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chaparral Energy and related companies with MarketBeat.com's FREE daily email newsletter.