Chaparral Energy (CHAP) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Chaparral Energy (NYSE:CHAP) from a hold rating to a buy rating in a research report report published on Monday. Zacks Investment Research currently has $17.00 price target on the stock.
According to Zacks, “Chaparral Energy, Inc. engages in the oil and natural gas exploration and production. It focuses on deposits of Stack, Meramec and Osage, Oswego, and Woodford located in Oklahoma and the Texas Panhandle. Chaparral Energy, Inc. is headquartered in Oklahoma City, OK. “
Separately, Stifel Nicolaus started coverage on shares of Chaparral Energy in a research note on Thursday, October 11th. They set a buy rating and a $23.00 target price on the stock.
Chaparral Energy (NYSE:CHAP) last released its earnings results on Tuesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Chaparral Energy had a negative net margin of 58.62% and a negative return on equity of 13.28%. The company had revenue of $58.43 million for the quarter, compared to analysts’ expectations of $57.63 million. Research analysts expect that Chaparral Energy will post 0.5 earnings per share for the current year.
In related news, CEO Kermit Earl Reynolds acquired 5,900 shares of the business’s stock in a transaction on Friday, August 17th. The stock was acquired at an average cost of $16.03 per share, with a total value of $94,577.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
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.
Read More: What is the NASDAQ Stock Market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Chaparral Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chaparral Energy and related companies with MarketBeat.com's FREE daily email newsletter.