Chaparral Energy Inc (NYSE:CHAP) shares traded up 2.2% during trading on Wednesday . The stock traded as high as $1.96 and last traded at $1.89, 188,082 shares were traded during mid-day trading. A decline of 62% from the average session volume of 499,179 shares. The stock had previously closed at $1.85.
A number of equities analysts have commented on CHAP shares. Zacks Investment Research upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine downgraded shares of Chaparral Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, August 16th.
The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $85.88 million, a PE ratio of 6.10 and a beta of 4.00. The firm’s fifty day moving average price is $2.22 and its 200 day moving average price is $4.35.
Chaparral Energy (NYSE:CHAP) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.11). Chaparral Energy had a negative net margin of 33.24% and a negative return on equity of 1.48%. The firm had revenue of $67.91 million for the quarter, compared to analyst estimates of $71.09 million. As a group, research analysts expect that Chaparral Energy Inc will post 0.22 EPS for the current year.
In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc bought 169,738 shares of Chaparral Energy stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of $3.62 per share, for a total transaction of $614,451.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 1,828,107 shares of company stock valued at $8,615,197 over the last ninety days. Company insiders own 2.19% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Raffles Associates LP bought a new stake in Chaparral Energy in the second quarter valued at about $232,000. Jane Street Group LLC bought a new stake in shares of Chaparral Energy in the 2nd quarter valued at approximately $414,000. Paloma Partners Management Co raised its holdings in shares of Chaparral Energy by 8.1% in the 2nd quarter. Paloma Partners Management Co now owns 2,283,654 shares of the company’s stock worth $10,756,000 after buying an additional 170,666 shares in the last quarter. Cowen Inc. acquired a new position in shares of Chaparral Energy in the 2nd quarter worth approximately $78,000. Finally, Vanguard Group Inc. lifted its position in shares of Chaparral Energy by 20.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,835,879 shares of the company’s stock worth $8,646,000 after buying an additional 316,205 shares during the period. Institutional investors and hedge funds own 93.99% of the company’s stock.
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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