Chaparral Energy (CHAP) Downgraded by ValuEngine to “Strong Sell”

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ValuEngine lowered shares of Chaparral Energy (NYSE:CHAP) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also commented on CHAP. Zacks Investment Research upgraded Chaparral Energy from a hold rating to a buy rating and set a $7.50 target price on the stock in a research report on Wednesday, December 19th. Stifel Nicolaus reiterated a buy rating and issued a $23.00 target price on shares of Chaparral Energy in a research report on Tuesday, November 27th. Finally, Imperial Capital reiterated an outperform rating and issued a $25.00 target price on shares of Chaparral Energy in a research report on Thursday, January 10th.

Shares of NYSE CHAP opened at $5.36 on Wednesday. Chaparral Energy has a 52 week low of $4.13 and a 52 week high of $21.25. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.34.

In related news, major shareholder Strategic Value Partners, Llc acquired 1,000,000 shares of the stock in a transaction on Tuesday, March 19th. The shares were acquired at an average price of $4.51 per share, for a total transaction of $4,510,000.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

A number of institutional investors have recently added to or reduced their stakes in the business. Lasry Marc boosted its position in Chaparral Energy by 30.1% in the 4th quarter. Lasry Marc now owns 1,265,064 shares of the company’s stock worth $6,224,000 after purchasing an additional 292,474 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chaparral Energy by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 228,582 shares of the company’s stock valued at $1,124,000 after buying an additional 41,626 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Chaparral Energy during the 4th quarter valued at approximately $67,000. FMR LLC lifted its position in shares of Chaparral Energy by 22.0% during the 4th quarter. FMR LLC now owns 260,162 shares of the company’s stock valued at $1,280,000 after buying an additional 46,894 shares in the last quarter. Finally, Venor Capital Management LP lifted its position in shares of Chaparral Energy by 16.0% during the 4th quarter. Venor Capital Management LP now owns 1,538,347 shares of the company’s stock valued at $7,569,000 after buying an additional 212,583 shares in the last quarter. Institutional investors and hedge funds own 93.75% of the company’s stock.

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.

Further Reading: Reverse Stock Split

To view ValuEngine’s full report, visit ValuEngine’s official website.

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