Chaparral Energy Inc (NYSE:CHAP) Shares Purchased by Paloma Partners Management Co

Paloma Partners Management Co lifted its position in Chaparral Energy Inc (NYSE:CHAP) by 8.1% during the second quarter, HoldingsChannel.com reports. The fund owned 2,283,654 shares of the company’s stock after acquiring an additional 170,666 shares during the period. Paloma Partners Management Co’s holdings in Chaparral Energy were worth $10,756,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Strs Ohio acquired a new stake in shares of Chaparral Energy in the second quarter worth approximately $39,000. Parametric Portfolio Associates LLC acquired a new stake in shares of Chaparral Energy in the second quarter worth approximately $63,000. Cowen Inc. acquired a new stake in shares of Chaparral Energy in the second quarter worth approximately $78,000. Creative Planning acquired a new stake in shares of Chaparral Energy in the second quarter worth approximately $94,000. Finally, Eidelman Virant Capital acquired a new stake in shares of Chaparral Energy in the second quarter worth approximately $141,000. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on CHAP shares. ValuEngine raised Chaparral Energy from a “strong sell” rating to a “sell” rating in a research note on Monday. Zacks Investment Research raised Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th.

NYSE CHAP traded down $0.02 on Thursday, reaching $1.81. 6,297 shares of the company were exchanged, compared to its average volume of 478,110. The business’s fifty day moving average price is $1.92 and its 200 day moving average price is $4.19. The stock has a market capitalization of $81.56 million, a P/E ratio of 5.81 and a beta of 4.00. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 0.52. Chaparral Energy Inc has a fifty-two week low of $1.15 and a fifty-two week high of $18.93.

Chaparral Energy (NYSE:CHAP) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.11). The company had revenue of $67.91 million for the quarter, compared to analyst estimates of $71.09 million. Chaparral Energy had a negative return on equity of 1.48% and a negative net margin of 33.24%. Equities research analysts forecast that Chaparral Energy Inc will post 0.22 earnings per share for the current year.

In related news, major shareholder Strategic Value Partners, Llc acquired 209,521 shares of the stock in a transaction on Wednesday, June 26th. The shares were bought at an average price of $3.87 per share, with a total value of $810,846.27. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 1,617,207 shares of company stock worth $7,952,971 in the last three months. 2.19% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Chaparral Energy (NYSE:CHAP)

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