Chaparral Energy (NYSE:CHAP) Cut to “Strong Sell” at ValuEngine

ValuEngine downgraded shares of Chaparral Energy (NYSE:CHAP) from a sell rating to a strong sell rating in a report published on Friday, ValuEngine reports.

Separately, Zacks Investment Research raised Chaparral Energy from a sell rating to a hold rating in a research note on Tuesday, July 30th.

Shares of CHAP stock opened at $1.59 on Friday. The stock has a fifty day moving average of $3.95 and a 200 day moving average of $5.07. Chaparral Energy has a 52 week low of $1.58 and a 52 week high of $18.93. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 0.52.



In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc purchased 169,738 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was bought at an average price of $3.62 per share, with a total value of $614,451.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 1,828,107 shares of company stock valued at $8,615,197 in the last ninety days. 2.19% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Raffles Associates LP bought a new position in shares of Chaparral Energy during the 2nd quarter worth $232,000. Jane Street Group LLC bought a new position in shares of Chaparral Energy during the 2nd quarter worth $414,000. Paloma Partners Management Co grew its position in shares of Chaparral Energy by 8.1% during 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. bought a new position in shares of Chaparral Energy during the 2nd quarter worth $78,000. Finally, Vanguard Group Inc. grew 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 in the last quarter. 94.90% 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.

Further Reading: Rule of 72

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