Chaparral Energy (CHAP) Sees Strong Trading Volume

Shares of Chaparral Energy Inc (NYSE:CHAP) saw an uptick in trading volume on Monday . 1,453,189 shares were traded during mid-day trading, an increase of 534% from the previous session’s volume of 229,194 shares.The stock last traded at $6.01 and had previously closed at $5.66.

Several brokerages recently weighed in on CHAP. Imperial Capital reissued an “outperform” rating and issued a $25.00 price objective on shares of Chaparral Energy in a report on Thursday, January 10th. Zacks Investment Research lowered Chaparral Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Finally, ValuEngine lowered Chaparral Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th.

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 1.02. The firm has a market cap of $255.02 million, a price-to-earnings ratio of 19.39 and a beta of 3.55.

In related news, CEO Kermit Earl Reynolds bought 7,100 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was bought at an average cost of $5.64 per share, for a total transaction of $40,044.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Strategic Value Partners, Llc bought 836,798 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was bought at an average price of $5.40 per share, with a total value of $4,518,709.20. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,843,898 shares of company stock valued at $9,068,753.

Hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can acquired a new position in shares of Chaparral Energy during the fourth quarter worth approximately $32,000. California Public Employees Retirement System acquired a new position in shares of Chaparral Energy during the fourth quarter worth approximately $53,000. Dimensional Fund Advisors LP acquired a new position in shares of Chaparral Energy during the fourth quarter worth approximately $67,000. Tower Research Capital LLC TRC acquired a new position in shares of Chaparral Energy during the third quarter worth approximately $272,000. Finally, Hancock Whitney Corp acquired a new position in shares of Chaparral Energy during the fourth quarter worth approximately $82,000. Institutional investors own 93.75% of the company’s stock.

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About Chaparral Energy (NYSE:CHAP)

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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