Chaparral Energy Inc (NYSE:CHAP) shares rose 22.9% during trading on Wednesday . The stock traded as high as $4.49 and last traded at $4.46. Approximately 561,627 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 319,821 shares. The stock had previously closed at $3.63.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. ValuEngine raised shares of Chaparral Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st.
The company has a market capitalization of $178.37 million, a price-to-earnings ratio of 13.61 and a beta of 3.72. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.42.
Chaparral Energy (NYSE:CHAP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The company had revenue of $49.82 million during the quarter, compared to analyst estimates of $52.56 million. Chaparral Energy had a positive return on equity of 10.54% and a negative net margin of 24.76%. On average, research analysts predict that Chaparral Energy Inc will post 0.74 EPS for the current year.
In other Chaparral Energy news, CEO Kermit Earl Reynolds bought 7,100 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was acquired at an average cost of $5.64 per share, with a total value of $40,044.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Strategic Value Partners, Llc bought 250,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were acquired at an average cost of $4.45 per share, with a total value of $1,112,500.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 3,486,451 shares of company stock valued at $18,235,582. Company insiders own 2.19% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can acquired a new stake in Chaparral Energy during the fourth quarter valued at approximately $32,000. California Public Employees Retirement System acquired a new stake in Chaparral Energy during the fourth quarter valued at approximately $53,000. Dimensional Fund Advisors LP acquired a new stake in Chaparral Energy during the fourth quarter valued at approximately $67,000. Hancock Whitney Corp acquired a new stake in Chaparral Energy during the fourth quarter valued at approximately $82,000. Finally, Raymond James & Associates acquired a new stake in Chaparral Energy during the first quarter valued at approximately $97,000. 77.50% of the stock is owned by institutional investors and hedge funds.
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About Chaparral Energy (NYSE:CHAP)
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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