Chaparral Energy (NYSE:CHAP) Downgraded to “Sell” at Zacks Investment Research

Chaparral Energy (NYSE:CHAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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. “

Other research analysts also recently issued reports about the company. ValuEngine upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Roth Capital decreased their price target on Chaparral Energy from $16.00 to $9.00 in a research note on Wednesday.



Shares of Chaparral Energy stock traded down $0.04 during trading hours on Wednesday, hitting $1.00. The company’s stock had a trading volume of 442,570 shares, compared to its average volume of 358,265. Chaparral Energy has a 12 month low of $0.98 and a 12 month high of $17.34. The stock has a 50 day moving average of $1.47 and a 200 day moving average of $3.82. The company has a market capitalization of $52.92 million, a PE ratio of 3.23 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 quarterly earnings results on Wednesday, August 7th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.11). The business had revenue of $67.91 million during the quarter, compared to the consensus estimate of $71.09 million. Chaparral Energy had a negative return on equity of 1.48% and a negative net margin of 33.24%. Equities analysts expect that Chaparral Energy will post 0.22 EPS for the current year.

In other news, major shareholder Strategic Value Partners, Llc purchased 554,321 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was acquired at an average cost of $5.72 per share, with a total value of $3,170,716.12. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.19% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in Chaparral Energy in the 2nd quarter valued at $39,000. Parametric Portfolio Associates LLC acquired a new position in Chaparral Energy in the 2nd quarter valued at $63,000. Cowen Inc. acquired a new position in Chaparral Energy in the 2nd quarter valued at $78,000. Creative Planning acquired a new position in Chaparral Energy in the 2nd quarter valued at $94,000. Finally, Eidelman Virant Capital acquired a new position in Chaparral Energy in the 2nd quarter valued at $141,000. 94.42% of the stock is owned by hedge funds and other institutional investors.

About Chaparral Energy

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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