Chaparral Energy (NYSE:CHAP) Price Target Cut to $3.00
Chaparral Energy (NYSE:CHAP) had its price objective decreased by stock analysts at Imperial Capital from $6.00 to $3.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has an “outperform” rating on the stock. Imperial Capital’s price target would suggest a potential upside of 236.78% from the stock’s current price. Imperial Capital also issued estimates for Chaparral Energy’s Q1 2020 earnings at $0.10 EPS, Q2 2020 earnings at $0.09 EPS, Q3 2020 earnings at $0.12 EPS and Q4 2020 earnings at $0.14 EPS.
A number of other brokerages have also issued reports on CHAP. Zacks Investment Research upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Roth Capital lowered their target price on shares of Chaparral Energy from $16.00 to $9.00 in a research report on Wednesday, October 9th. Finally, ValuEngine upgraded shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th.
Shares of CHAP traded down $0.05 during mid-day trading on Wednesday, reaching $0.89. 141,987 shares of the company’s stock were exchanged, compared to its average volume of 260,299. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.67. The stock has a market capitalization of $46.41 million, a PE ratio of 2.87 and a beta of 3.92. The business’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $2.95. Chaparral Energy has a 52-week low of $0.70 and a 52-week high of $15.30.
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.
Recommended Story: Cost of Equity
Receive News & Ratings for Chaparral Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chaparral Energy and related companies with MarketBeat.com's FREE daily email newsletter.