Chaparral Energy (NYSE:CHAP) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Chaparral Energy (NYSE:CHAP) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

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

Shares of NYSE:CHAP traded up $0.07 during trading hours on Wednesday, hitting $1.14. 324,090 shares of the company’s stock traded hands, compared to its average volume of 357,061. Chaparral Energy has a 1 year low of $1.02 and a 1 year high of $17.83. The business has a fifty day moving average price of $1.53 and a 200-day moving average price of $3.93. The firm has a market capitalization of $52.92 million, a P/E ratio of 3.68 and a beta of 4.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.67.

Chaparral Energy (NYSE:CHAP) last announced its earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $67.91 million for the quarter, compared to analysts’ expectations of $71.09 million. As a group, equities analysts predict that Chaparral Energy will post 0.22 earnings per share for the current year.

In other news, major shareholder Strategic Value Partners, Llc purchased 554,321 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was purchased at an average price of $5.72 per share, for a total transaction of $3,170,716.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.19% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co boosted its holdings in shares of Chaparral Energy by 8.1% in the second quarter. Paloma Partners Management Co now owns 2,283,654 shares of the company’s stock valued at $10,756,000 after purchasing an additional 170,666 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Chaparral Energy by 20.8% in the second quarter. Vanguard Group Inc. now owns 1,835,879 shares of the company’s stock valued at $8,646,000 after purchasing an additional 316,205 shares during the period. BlackRock Inc. boosted its holdings in shares of Chaparral Energy by 661.2% in the second quarter. BlackRock Inc. now owns 1,722,014 shares of the company’s stock valued at $8,110,000 after purchasing an additional 1,495,785 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Chaparral Energy in the second quarter valued at approximately $880,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Chaparral Energy by 107.1% in the second quarter. Bank of New York Mellon Corp now owns 148,104 shares of the company’s stock valued at $697,000 after purchasing an additional 76,588 shares during the period. Hedge funds and other institutional investors own 94.42% of the company’s stock.

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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