Chaparral Energy Inc (NYSE:CHAP) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 2,100,000 shares, a decrease of 15.7% from the January 15th total of 2,490,000 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average daily trading volume, of 225,500 shares, the short-interest ratio is currently 9.3 days.
CHAP has been the subject of several analyst reports. ValuEngine raised shares of Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. Zacks Investment Research cut shares of Chaparral Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, January 22nd. Finally, Imperial Capital dropped their price target on shares of Chaparral Energy from $6.00 to $3.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th.
Chaparral Energy stock opened at $0.92 on Friday. The firm has a 50 day simple moving average of $1.28 and a 200-day simple moving average of $1.35. Chaparral Energy has a 1-year low of $0.70 and a 1-year high of $8.30. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.76 and a quick ratio of 0.72. The stock has a market cap of $43.87 million, a price-to-earnings ratio of -0.21 and a beta of 4.40.
Several institutional investors have recently bought and sold shares of CHAP. Strategic Value Partners LLC grew its stake in shares of Chaparral Energy by 17.0% in the 3rd quarter. Strategic Value Partners LLC now owns 13,902,367 shares of the company’s stock valued at $18,629,000 after buying an additional 2,020,430 shares during the period. BlackRock Inc. grew its stake in shares of Chaparral Energy by 661.2% in the 2nd quarter. BlackRock Inc. now owns 1,722,014 shares of the company’s stock valued at $8,110,000 after buying an additional 1,495,785 shares during the period. Vanguard Group Inc. grew its stake in shares of Chaparral Energy by 20.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,835,879 shares of the company’s stock valued at $8,646,000 after buying an additional 316,205 shares during the period. M&G Investment Management Ltd. purchased a new stake in shares of Chaparral Energy in the 4th quarter valued at approximately $594,000. Finally, Contrarian Capital Management L.L.C. grew its stake in shares of Chaparral Energy by 6.5% in the 4th quarter. Contrarian Capital Management L.L.C. now owns 4,251,950 shares of the company’s stock valued at $7,483,000 after buying an additional 260,938 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.
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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