Chaparral Energy Inc (CHAP) Receives Consensus Recommendation of “Strong Buy” from Analysts

Shares of Chaparral Energy Inc (NYSE:CHAP) have earned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price objective of $28.50 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 52 out of 257 based on the ratings given to related companies.

Several equities research analysts recently commented on CHAP shares. Zacks Investment Research downgraded Chaparral Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Stifel Nicolaus started coverage on Chaparral Energy in a report on Thursday, October 11th. They issued a “buy” rating and a $23.00 price objective for the company.

NYSE:CHAP traded down $0.17 during trading hours on Thursday, hitting $14.82. The stock had a trading volume of 1,167 shares, compared to its average volume of 8,210. Chaparral Energy has a one year low of $13.65 and a one year high of $25.85. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 0.38.

Chaparral Energy (NYSE:CHAP) last released its quarterly earnings data on Tuesday, August 14th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Chaparral Energy had a negative return on equity of 13.28% and a negative net margin of 58.62%. The company had revenue of $58.43 million during the quarter, compared to the consensus estimate of $57.63 million. As a group, equities research analysts anticipate that Chaparral Energy will post 0.51 earnings per share for the current fiscal year.

In other Chaparral Energy news, CEO Kermit Earl Reynolds acquired 5,900 shares of Chaparral Energy stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average cost of $16.03 per share, for a total transaction of $94,577.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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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