Insider Buying: Chaparral Energy Inc (NYSE:CHAP) Major Shareholder Acquires 250,000 Shares of Stock

Chaparral Energy Inc (NYSE:CHAP) major shareholder Strategic Value Partners, Llc bought 250,000 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $4.45 per share, with a total value of $1,112,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Strategic Value Partners, Llc also recently made the following trade(s):

  • On Thursday, April 18th, Strategic Value Partners, Llc bought 300,000 shares of Chaparral Energy stock. The shares were bought at an average cost of $5.98 per share, with a total value of $1,794,000.00.
  • On Monday, April 15th, Strategic Value Partners, Llc acquired 1,092,553 shares of Chaparral Energy stock. The shares were bought at an average price of $5.73 per share, with a total value of $6,260,328.69.
  • On Tuesday, April 2nd, Strategic Value Partners, Llc purchased 836,798 shares of Chaparral Energy stock. The stock was bought at an average cost of $5.40 per share, for a total transaction of $4,518,709.20.
  • On Tuesday, March 19th, Strategic Value Partners, Llc bought 1,000,000 shares of Chaparral Energy stock. The shares were acquired at an average cost of $4.51 per share, for a total transaction of $4,510,000.00.

NYSE CHAP opened at $3.23 on Thursday. The stock has a market capitalization of $163.97 million, a P/E ratio of 10.42 and a beta of 3.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.52 and a quick ratio of 0.50. Chaparral Energy Inc has a twelve month low of $3.22 and a twelve month high of $20.00.

Chaparral Energy (NYSE:CHAP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.08). Chaparral Energy had a negative net margin of 24.76% and a positive return on equity of 10.54%. The company had revenue of $49.82 million during the quarter, compared to analyst estimates of $52.56 million. As a group, sell-side analysts anticipate that Chaparral Energy Inc will post 0.64 earnings per share for the current year.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Chaparral Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine downgraded shares of Chaparral Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd.

A number of institutional investors and hedge funds have recently bought and sold shares of CHAP. Bank of New York Mellon Corp bought a new stake in Chaparral Energy in the 3rd quarter valued at $356,000. JPMorgan Chase & Co. acquired a new position in shares of Chaparral Energy during the 3rd quarter worth about $16,918,000. Vanguard Group Inc. acquired a new position in shares of Chaparral Energy during the 3rd quarter worth about $6,590,000. Vanguard Group Inc acquired a new position in shares of Chaparral Energy during the 3rd quarter worth about $6,590,000. Finally, California Public Employees Retirement System acquired a new position in shares of Chaparral Energy during the 4th quarter worth about $53,000. 77.50% of the stock is currently owned by institutional investors and hedge funds.

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Chaparral Energy Company Profile

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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Insider Buying and Selling by Quarter for Chaparral Energy (NYSE:CHAP)

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