Chaparral Energy (CHAP) Shares Down 10.3%

Chaparral Energy Inc (NYSE:CHAP) shares were down 10.3% during mid-day trading on Friday . The company traded as low as $4.18 and last traded at $4.60. Approximately 1,187,765 shares traded hands during trading, an increase of 152% from the average daily volume of 471,316 shares. The stock had previously closed at $5.13.

A number of research analysts have recently issued reports on CHAP shares. ValuEngine upgraded shares of Chaparral Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Zacks Investment Research upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

The company has a current ratio of 0.52, a quick ratio of 1.02 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $210.65 million, a PE ratio of 14.84 and a beta of 3.72.



In related news, CEO Kermit Earl Reynolds bought 7,100 shares of the stock in a transaction on Friday, March 29th. The shares were bought at an average cost of $5.64 per share, for a total transaction of $40,044.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Strategic Value Partners, Llc bought 1,000,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were bought at an average price of $4.51 per share, for a total transaction of $4,510,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 3,236,451 shares of company stock worth $17,123,082.

Institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can acquired a new position in Chaparral Energy during the fourth quarter worth about $32,000. California Public Employees Retirement System acquired a new position in Chaparral Energy during the fourth quarter worth about $53,000. Dimensional Fund Advisors LP acquired a new position in Chaparral Energy during the fourth quarter worth about $67,000. Hancock Whitney Corp acquired a new position in Chaparral Energy during the fourth quarter worth about $82,000. Finally, Raymond James & Associates acquired a new position in Chaparral Energy during the first quarter worth about $97,000. Institutional investors own 93.28% of the company’s stock.

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Chaparral Energy Company Profile (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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