Shares of Chaparral Energy Inc (NYSE:CHAP) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokerages have set a 1-year consensus price objective of $16.67 for the company and are forecasting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 186 out of 256 based on the ratings given to its competitors.
CHAP has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine upgraded shares of Chaparral Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday.
Shares of NYSE CHAP traded down $0.34 during midday trading on Friday, reaching $2.07. 438,606 shares of the company traded hands, compared to its average volume of 391,796. Chaparral Energy has a 52 week low of $2.04 and a 52 week high of $18.93. The stock’s 50-day moving average is $4.24. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $96.15 million, a P/E ratio of 6.68 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 for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Chaparral Energy had a negative net margin of 33.24% and a negative return on equity of 1.44%. The company had revenue of $49.82 million for the quarter, compared to the consensus estimate of $52.56 million. As a group, equities analysts anticipate that Chaparral Energy will post 0.29 earnings per share for the current fiscal year.
In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc purchased 210,900 shares of the company’s stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $3.14 per share, for a total transaction of $662,226.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders acquired 2,078,107 shares of company stock worth $9,727,697. 2.19% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can purchased a new position in Chaparral Energy in the 4th quarter worth about $32,000. Strs Ohio purchased a new position in Chaparral Energy in the 2nd quarter worth about $39,000. California Public Employees Retirement System purchased a new position in Chaparral Energy in the 4th quarter worth about $53,000. Dimensional Fund Advisors LP purchased a new position in Chaparral Energy in the 4th quarter worth about $67,000. Finally, Creative Planning purchased a new position in Chaparral Energy in the 2nd quarter worth about $94,000. Hedge funds and other institutional investors own 92.14% of the company’s stock.
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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