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.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in shares of Chaparral Energy by 545.5% during the third quarter. Tower Research Capital LLC TRC now owns 25,425 shares of the company’s stock worth $34,000 after acquiring an additional 21,486 shares during the last quarter. Strs Ohio purchased a new position in Chaparral Energy in the 2nd quarter valued at $39,000. Parametric Portfolio Associates LLC purchased a new position in Chaparral Energy in the 2nd quarter valued at $63,000. Cowen Inc. purchased a new position in Chaparral Energy in the 2nd quarter valued at $78,000. Finally, Creative Planning purchased a new position in Chaparral Energy in the 2nd quarter valued at $94,000. Institutional investors and hedge funds own 94.25% of the company’s stock.

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.

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