Chaparral Energy (NYSE:CHAP) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a sell rating in a research note issued to investors 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 upgraded shares of Yirendai from a strong sell rating to a sell rating in a research note on Friday, May 3rd.

Shares of NYSE:CHAP traded up $0.31 on Wednesday, hitting $5.81. The stock had a trading volume of 446,202 shares, compared to its average volume of 327,738. Chaparral Energy has a twelve month low of $3.00 and a twelve month high of $20.00. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $4.12. The company has a market cap of $260.13 million, a P/E ratio of 18.74 and a beta of 3.77.

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). Chaparral Energy had a negative net margin of 24.76% and a negative return on equity of 0.91%. The firm had revenue of $49.82 million during the quarter, compared to analyst estimates of $52.56 million. On average, sell-side analysts forecast that Chaparral Energy will post 0.58 EPS for the current fiscal year.

In other news, major shareholder Strategic Value Partners, Llc bought 1,092,553 shares of Chaparral Energy stock in a transaction dated Monday, April 15th. The shares were bought at an average price of $5.73 per share, for a total transaction of $6,260,328.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 2,916,339 shares of company stock worth $14,611,310 in the last 90 days. 2.19% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System acquired a new stake in shares of Chaparral Energy in the 4th quarter valued at $53,000. BlackRock Inc. acquired a new stake in shares of Chaparral Energy in the 4th quarter valued at $355,000. Bank of New York Mellon Corp raised its holdings in shares of Chaparral Energy by 211.9% in the 4th quarter. Bank of New York Mellon Corp now owns 63,049 shares of the company’s stock valued at $310,000 after purchasing an additional 42,837 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Chaparral Energy by 40.5% in the 4th quarter. Northern Trust Corp now owns 86,927 shares of the company’s stock valued at $428,000 after purchasing an additional 25,037 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Chaparral Energy in the 4th quarter valued at $32,000. 77.50% of the stock is owned by institutional investors and hedge funds.

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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