Chaparral Energy (CHAP) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a buy rating in a research note issued to investors on Monday. The brokerage currently has $17.00 price target on the stock.

According to Zacks, “Chaparral Energy, Inc. engages in the oil and natural gas exploration and production. It focuses on deposits of Stack, Meramec and Osage, Oswego, and Woodford located in Oklahoma and the Texas Panhandle. Chaparral Energy, Inc. is headquartered in Oklahoma City, OK. “

Separately, Stifel Nicolaus initiated coverage on shares of Chaparral Energy in a report on Thursday, October 11th. They issued a buy rating and a $23.00 target price on the stock.



Shares of CHAP stock traded down $0.89 on Monday, reaching $13.65. The stock had a trading volume of 1,748 shares, compared to its average volume of 77,076. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.38. Chaparral Energy has a 12 month low of $14.50 and a 12 month high of $25.85.

Chaparral Energy (NYSE:CHAP) last issued its earnings results on Tuesday, August 14th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The company had revenue of $58.43 million for the quarter, compared to analysts’ expectations of $57.63 million. Chaparral Energy had a negative net margin of 58.62% and a negative return on equity of 13.28%. Sell-side analysts forecast that Chaparral Energy will post 0.51 earnings per share for the current fiscal year.

In related news, CEO Kermit Earl Reynolds purchased 5,900 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The shares were acquired at an average price of $16.03 per share, for a total transaction of $94,577.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Chaparral Energy Company Profile

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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