Chaparral Energy (NYSE:CHAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

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. “

CHAP has been the topic of a number of other reports. ValuEngine cut Chaparral Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 21st. Imperial Capital restated an “outperform” rating and set a $25.00 target price on shares of Chaparral Energy in a research report on Thursday, January 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $23.00 target price on shares of Chaparral Energy in a research report on Tuesday, November 27th.

Shares of NYSE:CHAP traded up $0.28 during trading on Monday, reaching $7.70. 73,600 shares of the company’s stock traded hands, compared to its average volume of 95,882. Chaparral Energy has a fifty-two week low of $4.48 and a fifty-two week high of $24.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 0.85.

Chaparral Energy (NYSE:CHAP) last posted its earnings results on Tuesday, November 13th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.07. Chaparral Energy had a negative return on equity of 10.87% and a negative net margin of 57.97%. The firm had revenue of $66.72 million for the quarter, compared to analysts’ expectations of $58.57 million. As a group, equities research analysts anticipate that Chaparral Energy will post 0.55 EPS for the current fiscal year.

In other Chaparral Energy news, CEO Kermit Earl Reynolds bought 4,030 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were purchased at an average cost of $12.31 per share, for a total transaction of $49,609.30. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System acquired a new stake in Chaparral Energy in the 4th quarter worth about $53,000. Tower Research Capital LLC TRC acquired a new stake in Chaparral Energy in the 3rd quarter worth about $272,000. Bank of New York Mellon Corp acquired a new stake in Chaparral Energy in the 3rd quarter worth about $356,000. Q Global Advisors LLC acquired a new stake in Chaparral Energy in the 3rd quarter worth about $441,000. Finally, Jane Street Group LLC acquired a new stake in Chaparral Energy in the 3rd quarter worth about $546,000. Institutional investors own 73.53% 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.

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