Zacks Investment Research Downgrades Chaparral Energy (NYSE:CHAP) to Sell

Zacks Investment Research lowered shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a sell rating in a research note released on Wednesday, Zacks.com reports.

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, ValuEngine upgraded Yirendai from a strong sell rating to a sell rating in a research report on Friday, May 3rd.



Shares of CHAP stock opened at $5.90 on Wednesday. Chaparral Energy has a 1 year low of $3.00 and a 1 year high of $20.00. The firm’s fifty day moving average price is $4.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.50 and a current ratio of 0.52.

Chaparral Energy (NYSE:CHAP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). Chaparral Energy had a negative net margin of 24.76% and a negative return on equity of 0.91%. The firm had revenue of $49.82 million for the quarter, compared to analyst estimates of $52.56 million. As a group, research analysts expect that Chaparral Energy will post 0.37 earnings per share for the current year.

In other news, major shareholder Strategic Value Partners, Llc purchased 1,092,553 shares of the stock in a transaction dated Monday, April 15th. The shares were bought at an average cost of $5.73 per share, for a total transaction of $6,260,328.69. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have bought 2,916,339 shares of company stock worth $14,611,310. 2.19% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can bought a new stake in shares of Chaparral Energy during the 4th quarter worth $32,000. California Public Employees Retirement System acquired a new stake in shares of Chaparral Energy in the fourth quarter worth $53,000. Dimensional Fund Advisors LP acquired a new stake in shares of Chaparral Energy in the fourth quarter worth $67,000. Hancock Whitney Corp acquired a new stake in shares of Chaparral Energy in the fourth quarter worth $82,000. Finally, Impax Asset Management Group plc boosted its position in shares of Chaparral Energy by 30.1% in the fourth quarter. Impax Asset Management Group plc now owns 83,306 shares of the company’s stock worth $410,000 after buying an additional 19,281 shares during the period. 77.50% of the stock is owned by institutional investors and hedge funds.

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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