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

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Zacks Investment Research downgraded shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a sell rating in a research report report published on Wednesday, 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 research report on Friday, May 3rd.

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

Chaparral Energy (NYSE:CHAP) last issued its earnings results on Wednesday, May 8th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.08). The business had revenue of $49.82 million during the quarter, compared to analyst estimates of $52.56 million. Chaparral Energy had a negative return on equity of 0.91% and a negative net margin of 24.76%. As a group, analysts predict that Chaparral Energy will post 0.37 earnings per share for the current fiscal year.

In other news, major shareholder Strategic Value Partners, Llc acquired 1,092,553 shares of Chaparral Energy stock in a transaction that occurred on Monday, April 15th. The stock was purchased at an average price of $5.73 per share, with a total value of $6,260,328.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have purchased 2,916,339 shares of company stock valued at $14,611,310. Insiders own 2.19% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Value Partners LLC raised its holdings in Chaparral Energy by 12.8% in the 1st quarter. Strategic Value Partners LLC now owns 8,808,937 shares of the company’s stock valued at $50,211,000 after acquiring an additional 1,000,000 shares during the period. IPG Investment Advisors LLC bought a new position in Chaparral Energy in the 1st quarter valued at about $884,000. Tibra Equities Europe Ltd bought a new position in Chaparral Energy in the 1st quarter valued at about $596,000. FMR LLC raised its holdings in Chaparral Energy by 22.0% in the 4th quarter. FMR LLC now owns 260,162 shares of the company’s stock valued at $1,280,000 after acquiring an additional 46,894 shares during the period. Finally, Venor Capital Management LP raised its holdings in Chaparral Energy by 16.0% in the 4th quarter. Venor Capital Management LP now owns 1,538,347 shares of the company’s stock valued at $7,569,000 after acquiring an additional 212,583 shares during the period. 77.50% of the stock is owned by hedge funds and other institutional investors.

Chaparral Energy Company Profile

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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