Stifel Nicolaus analyst Derrick Whitfield reiterated a Buy rating on Chaparral Energy Inc (CHAP) on November 25 and set a price target of $23. The company’s shares opened today at $12.14, close to its 52-week low of $12.
According to TipRanks.com, Whitfield ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.1% and a 30.1% success rate. Whitfield covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sundance Energy Australia, and Continental Resources.
Chaparral Energy Inc has an analyst consensus of Moderate Buy, with a price target consensus of $23.
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Based on Chaparral Energy Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $12.07 million. In comparison, last year the company had a GAAP net loss of $19.12 million.
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Chaparral Energy, Inc. engages in the onshore oil and natural gas acquisition, exploitation, exploration and production. It focuses on deposits of Stack, Meramec and Osage, Oswego, and Woodford located in Oklahoma and the Texas Panhandle. The company was founded by Mark A. Fischer and Charles A. Fischer in April 1988 and is headquartered in Oklahoma City, OK.
