Chaparral Energy Inc (NYSE:CHAP) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $19.33 for the company and are predicting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 49 out of 256 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Chaparral Energy from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered shares of Chaparral Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd.
In other news, CEO Kermit Earl Reynolds acquired 7,100 shares of Chaparral Energy stock in a transaction that occurred on Friday, March 29th. The shares were acquired at an average price of $5.64 per share, with a total value of $40,044.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Strategic Value Partners, Llc acquired 250,000 shares of Chaparral Energy stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of $4.45 per share, for a total transaction of $1,112,500.00. The disclosure for this purchase can be found here. Insiders bought a total of 3,486,451 shares of company stock worth $18,235,582 in the last ninety days.
A number of institutional investors have recently added to or reduced their stakes in CHAP. Strategic Value Partners LLC boosted its position in Chaparral Energy by 12.8% during the first quarter. Strategic Value Partners LLC now owns 8,808,937 shares of the company’s stock worth $50,211,000 after purchasing an additional 1,000,000 shares during the period. BlueCrest Capital Management Ltd boosted its position in Chaparral Energy by 57.0% during the first quarter. BlueCrest Capital Management Ltd now owns 31,890 shares of the company’s stock worth $182,000 after purchasing an additional 11,578 shares during the period. Morgan Stanley boosted its position in Chaparral Energy by 84.1% during the first quarter. Morgan Stanley now owns 20,354 shares of the company’s stock worth $117,000 after purchasing an additional 9,297 shares during the period. Goldman Sachs Group Inc. boosted its position in Chaparral Energy by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 378,424 shares of the company’s stock worth $2,157,000 after purchasing an additional 115,370 shares during the period. Finally, Jefferies Group LLC bought a new position in Chaparral Energy during the first quarter worth $185,000. 95.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE CHAP opened at $4.28 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.50 and a current ratio of 0.52. Chaparral Energy has a 1 year low of $4.07 and a 1 year high of $20.80.
Chaparral Energy (NYSE:CHAP) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $49.82 million during the quarter, compared to the consensus estimate of $52.56 million. Chaparral Energy had a negative net margin of 24.76% and a positive return on equity of 10.54%. As a group, equities research analysts anticipate that Chaparral Energy will post 0.74 earnings per share for the current fiscal year.
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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