Zacks: Chaparral Energy Inc (NYSE:CHAP) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Chaparral Energy Inc (NYSE:CHAP) has received a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $18.67 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 111 out of 256 based on the ratings given to related companies.

CHAP has been the topic of several research reports. ValuEngine cut Chaparral Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Zacks Investment Research raised Chaparral Energy from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Tuesday, April 9th.

In related news, major shareholder Strategic Value Partners, Llc acquired 210,900 shares of the stock in a transaction dated Monday, June 17th. The shares were purchased at an average cost of $3.14 per share, with a total value of $662,226.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders acquired 2,719,607 shares of company stock worth $13,513,545 over the last three months. Insiders own 2.19% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can purchased a new position in shares of Chaparral Energy during the 4th quarter valued at about $32,000. California Public Employees Retirement System purchased a new position in shares of Chaparral Energy during the 4th quarter valued at about $53,000. Dimensional Fund Advisors LP purchased a new position in shares of Chaparral Energy during the 4th quarter valued at about $67,000. Hancock Whitney Corp purchased a new position in shares of Chaparral Energy during the 4th quarter valued at about $82,000. Finally, Impax Asset Management Group plc lifted its position in shares of Chaparral Energy by 30.1% during the 4th quarter. Impax Asset Management Group plc now owns 83,306 shares of the company’s stock valued at $410,000 after buying an additional 19,281 shares in the last quarter. 77.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CHAP traded up $0.09 during trading on Thursday, reaching $5.32. 1,236 shares of the company traded hands, compared to its average volume of 496,459. The stock has a market capitalization of $228.54 million, a price-to-earnings ratio of 17.24 and a beta of 3.77. Chaparral Energy has a 52-week low of $3.00 and a 52-week high of $20.00. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $4.05.

Chaparral Energy (NYSE:CHAP) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). The business had revenue of $49.82 million during the quarter, compared to analysts’ expectations of $52.56 million. Chaparral Energy had a negative return on equity of 0.91% and a negative net margin of 24.76%. On average, research analysts forecast that Chaparral Energy will post 0.58 EPS for the current year.

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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