Strategic Value Partners, Llc Purchases 1,000,000 Shares of Chaparral Energy Inc (CHAP) Stock

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Chaparral Energy Inc (NYSE:CHAP) major shareholder Strategic Value Partners, Llc bought 1,000,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was purchased at an average cost of $4.51 per share, for a total transaction of $4,510,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CHAP stock opened at $5.61 on Friday. Chaparral Energy Inc has a twelve month low of $4.13 and a twelve month high of $21.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.05. The stock has a market cap of $261.08 million, a PE ratio of 18.10 and a beta of 3.51.

Several hedge funds have recently bought and sold shares of the company. Lasry Marc lifted its position in shares of Chaparral Energy by 30.1% during the 4th quarter. Lasry Marc now owns 1,265,064 shares of the company’s stock valued at $6,224,000 after buying an additional 292,474 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Chaparral Energy by 22.3% during the 4th quarter. Geode Capital Management LLC now owns 228,582 shares of the company’s stock valued at $1,124,000 after buying an additional 41,626 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Chaparral Energy during the 4th quarter valued at about $67,000. FMR LLC lifted its position in shares of Chaparral Energy by 22.0% during the 4th quarter. FMR LLC now owns 260,162 shares of the company’s stock valued at $1,280,000 after buying an additional 46,894 shares in the last quarter. Finally, Venor Capital Management LP lifted its position in shares of Chaparral Energy by 16.0% during the 4th quarter. Venor Capital Management LP now owns 1,538,347 shares of the company’s stock valued at $7,569,000 after buying an additional 212,583 shares in the last quarter. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on CHAP shares. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 target price on shares of Chaparral Energy in a research report on Tuesday, November 27th. ValuEngine cut Chaparral Energy from a “hold” rating to a “sell” rating in a research report on Saturday, December 1st. Zacks Investment Research cut Chaparral Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Chaparral Energy in a research report on Thursday, January 10th.

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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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