Chaparral Energy (NYSE:CHAP) Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a sell rating in a research note released on Wednesday morning, 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. “

Separately, ValuEngine raised Yirendai from a strong sell rating to a sell rating in a report on Friday, May 3rd.

Shares of NYSE CHAP opened at $5.90 on Wednesday. Chaparral Energy has a 12-month low of $3.00 and a 12-month high of $20.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.50 and a current ratio of 0.52. The business has a 50 day moving average of $4.16.

Chaparral Energy (NYSE:CHAP) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The company had revenue of $49.82 million during the quarter, compared to the consensus estimate 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 0.37 earnings per share for the current year.

In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc bought 300,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average cost of $5.98 per share, for a total transaction of $1,794,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In the last three months, insiders purchased 2,916,339 shares of company stock worth $14,611,310. Company insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can acquired a new stake in Chaparral Energy in the 4th quarter valued at approximately $32,000. California Public Employees Retirement System acquired a new stake in Chaparral Energy in the 4th quarter valued at approximately $53,000. Dimensional Fund Advisors LP acquired a new stake in Chaparral Energy in the 4th quarter valued at approximately $67,000. Hancock Whitney Corp acquired a new stake in Chaparral Energy in the 4th quarter valued at approximately $82,000. Finally, RBF Capital LLC acquired a new stake in Chaparral Energy in the 4th quarter valued at approximately $125,000. Hedge funds and other institutional investors own 77.50% of the company’s stock.

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.

See Also: Systematic Risk

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