Chaparral Energy (CHPE) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Chaparral Energy (OTCMKTS:CHPE) from a buy rating to a hold rating in a report released on Friday morning.

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. “

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A number of other research analysts have also issued reports on CHPE. Imperial Capital began coverage on Chaparral Energy in a report on Tuesday, January 9th. They issued an outperform rating and a $31.00 target price for the company. Roth Capital began coverage on Chaparral Energy in a report on Monday, December 11th. They issued a buy rating and a $34.50 target price for the company.

Shares of Chaparral Energy (CHPE) opened at $19.00 on Friday. Chaparral Energy has a one year low of $12.00 and a one year high of $26.00.

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Chaparral Energy Company Profile

Chaparral Energy, Inc operates as an independent oil and natural gas exploration and production company in the United States. It is involved in the acquisition, exploration, development, production, and operation of oil and natural gas properties primarily in Oklahoma and Texas. The company also operates CO2 enhanced oil recovery projects.

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