Chaparral Energy Inc (NYSE:CHAP) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,700,000 shares, a decrease of 19.9% from the September 30th total of 3,370,000 shares. Currently, 6.0% of the shares of the company are short sold. Based on an average daily volume of 394,400 shares, the days-to-cover ratio is presently 6.8 days.

A number of large investors have recently added to or reduced their stakes in CHAP. Tower Research Capital LLC TRC raised its position in Chaparral Energy by 545.5% in the third quarter. Tower Research Capital LLC TRC now owns 25,425 shares of the company’s stock worth $34,000 after acquiring an additional 21,486 shares in the last quarter. Strs Ohio purchased a new position in Chaparral Energy in the second quarter worth $39,000. Parametric Portfolio Associates LLC purchased a new position in Chaparral Energy in the second quarter worth $63,000. Cowen Inc. purchased a new position in Chaparral Energy in the second quarter worth $78,000. Finally, Creative Planning purchased a new position in Chaparral Energy in the second quarter worth $94,000. Hedge funds and other institutional investors own 94.25% of the company’s stock.

NYSE:CHAP traded down $0.06 during trading hours on Thursday, hitting $0.94. The company’s stock had a trading volume of 147,162 shares, compared to its average volume of 351,746. The business’s 50-day moving average is $0.99 and its two-hundred day moving average is $2.98. The company has a market capitalization of $41.64 million, a PE ratio of 3.03 and a beta of 3.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.67 and a current ratio of 0.70. Chaparral Energy has a 52-week low of $0.70 and a 52-week high of $15.39.

CHAP has been the subject of several analyst reports. Imperial Capital cut their price target on Chaparral Energy from $6.00 to $3.00 and set an “outperform” rating for the company in a research note on Wednesday. Roth Capital cut their price target on Chaparral Energy from $16.00 to $9.00 in a research note on Wednesday, October 9th. ValuEngine upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Zacks Investment Research upgraded Chaparral Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th.

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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