Chaparral Energy (CHAP) Sees Strong Trading Volume

Chaparral Energy Inc (NYSE:CHAP) saw an uptick in trading volume on Monday . 1,453,189 shares were traded during mid-day trading, an increase of 534% from the previous session’s volume of 229,194 shares.The stock last traded at $6.01 and had previously closed at $5.66.

A number of brokerages recently commented on CHAP. Zacks Investment Research upgraded shares of Chaparral Energy from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research report on Wednesday, December 19th. ValuEngine cut shares of Chaparral Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, December 21st. Finally, Imperial Capital reiterated an “outperform” rating and issued a $25.00 target price on shares of Chaparral Energy in a research report on Thursday, January 10th.

The stock has a market capitalization of $271.73 million, a P/E ratio of 18.87 and a beta of 3.55. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.34.

In other news, major shareholder Strategic Value Partners, Llc purchased 1,000,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were acquired at an average price of $4.51 per share, with a total value of $4,510,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kermit Earl Reynolds purchased 7,100 shares of the business’s stock in a transaction on Friday, March 29th. The stock was purchased at an average cost of $5.64 per share, for a total transaction of $40,044.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 1,843,898 shares of company stock worth $9,068,753.

A number of institutional investors have recently made changes to their positions in CHAP. Tibra Equities Europe Ltd bought a new stake in shares of Chaparral Energy during the 1st quarter valued at about $596,000. Lasry Marc boosted its stake in Chaparral Energy by 30.1% during the fourth quarter. Lasry Marc now owns 1,265,064 shares of the company’s stock worth $6,224,000 after acquiring an additional 292,474 shares in the last quarter. Geode Capital Management LLC boosted its stake in Chaparral Energy by 22.3% during the fourth quarter. Geode Capital Management LLC now owns 228,582 shares of the company’s stock worth $1,124,000 after acquiring an additional 41,626 shares in the last quarter. Dimensional Fund Advisors LP bought a new stake in Chaparral Energy during the fourth quarter worth about $67,000. Finally, FMR LLC boosted its stake in Chaparral Energy by 22.0% during the fourth quarter. FMR LLC now owns 260,162 shares of the company’s stock worth $1,280,000 after acquiring an additional 46,894 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors and hedge funds.

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About Chaparral Energy (NYSE:CHAP)

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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