Chaparral Energy Inc (NYSE:CHAP) Short Interest Update

Chaparral Energy Inc (NYSE:CHAP) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 2,100,000 shares, a decrease of 15.7% from the January 15th total of 2,490,000 shares. Based on an average trading volume of 225,500 shares, the days-to-cover ratio is presently 9.3 days. Approximately 4.8% of the shares of the stock are sold short.

Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its position in shares of Chaparral Energy by 545.5% in the third quarter. Tower Research Capital LLC TRC now owns 25,425 shares of the company’s stock valued at $34,000 after purchasing an additional 21,486 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in Chaparral Energy in the second quarter worth approximately $63,000. UBS Group AG grew its position in Chaparral Energy by 51.0% in the fourth quarter. UBS Group AG now owns 39,952 shares of the company’s stock worth $71,000 after acquiring an additional 13,494 shares during the period. Barclays PLC grew its position in Chaparral Energy by 64,973.3% in the fourth quarter. Barclays PLC now owns 55,963 shares of the company’s stock worth $99,000 after acquiring an additional 55,877 shares during the period. Finally, Millennium Management LLC grew its position in Chaparral Energy by 52.0% in the third quarter. Millennium Management LLC now owns 93,023 shares of the company’s stock worth $124,000 after acquiring an additional 31,815 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

A number of brokerages have commented on CHAP. Imperial Capital reduced their target price on Chaparral Energy from $6.00 to $3.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. ValuEngine upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Zacks Investment Research lowered Chaparral Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, January 22nd.

Shares of CHAP stock traded up $0.01 during trading hours on Friday, reaching $0.91. The company had a trading volume of 530 shares, compared to its average volume of 201,100. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.72 and a current ratio of 0.76. The stock has a fifty day moving average of $1.29 and a 200-day moving average of $1.36. The company has a market capitalization of $43.87 million, a price-to-earnings ratio of -0.21 and a beta of 4.40. Chaparral Energy has a 12-month low of $0.70 and a 12-month high of $8.30.

Chaparral Energy (NYSE:CHAP) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $52.64 million during the quarter, compared to analysts’ expectations of $62.56 million. Chaparral Energy had a negative net margin of 86.43% and a negative return on equity of 2.08%. On average, analysts forecast that Chaparral Energy will post 0.06 EPS for the current year.

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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