Zacks: Chaparral Energy Inc (NYSE:CHAP) Given Consensus Rating of “Strong Buy” by Brokerages

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Chaparral Energy Inc (NYSE:CHAP) has earned a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price target of $18.67 for the company and are forecasting that the company will post $0.13 EPS for the current quarter, according to Zacks. Zacks has also given Chaparral Energy an industry rank of 148 out of 256 based on the ratings given to its competitors.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research report on Friday, May 3rd.

CHAP stock traded up $0.26 during mid-day trading on Thursday, hitting $5.76. The company had a trading volume of 7,144 shares, compared to its average volume of 326,811. The company has a market capitalization of $260.13 million, a P/E ratio of 18.39 and a beta of 3.77. Chaparral Energy has a 12-month low of $3.00 and a 12-month high of $20.00. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $4.09.

Chaparral Energy (NYSE:CHAP) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.08). The business had revenue of $49.82 million for the quarter, compared to analysts’ expectations of $52.56 million. Chaparral Energy had a negative net margin of 24.76% and a negative return on equity of 0.91%. On average, research analysts forecast that Chaparral Energy will post 0.58 earnings per share for the current fiscal year.

In other Chaparral Energy news, major shareholder Strategic Value Partners, Llc bought 1,092,553 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $6,260,328.69. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 2,719,607 shares of company stock worth $13,513,545 over the last 90 days. Corporate insiders own 2.19% of the company’s stock.

Large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can bought a new position in Chaparral Energy during the 4th quarter valued at about $32,000. California Public Employees Retirement System bought a new position in Chaparral Energy during the 4th quarter valued at about $53,000. Dimensional Fund Advisors LP bought a new position in Chaparral Energy during the 4th quarter valued at about $67,000. Hancock Whitney Corp bought a new position in Chaparral Energy during the 4th quarter valued at about $82,000. Finally, RBF Capital LLC bought a new position in Chaparral Energy during the 4th quarter valued at about $125,000. Institutional investors own 77.50% 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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