Investment analysts at Imperial Capital started coverage on shares of Chaparral Energy (OTCMKTS:CHPE) in a note issued to investors on Tuesday, January 9th, Marketbeat.com reports. The firm set an “outperform” rating and a $31.00 price target on the stock. Imperial Capital’s target price suggests a potential upside of 26.53% from the stock’s previous close. Imperial Capital also issued estimates for Chaparral Energy’s Q4 2017 earnings at $0.00 EPS, FY2017 earnings at $0.27 EPS, Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.04) EPS and FY2018 earnings at ($0.20) EPS.
Separately, Roth Capital began coverage on shares of Chaparral Energy in a research note on Monday, December 11th. They set a “buy” rating and a $34.50 target price for the company.
Shares of Chaparral Energy (OTCMKTS CHPE) traded up $0.05 during mid-day trading on Tuesday, hitting $24.50. 44,986 shares of the company were exchanged, compared to its average volume of 243,523. Chaparral Energy has a 12-month low of $12.00 and a 12-month high of $26.00.
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Chaparral Energy, Inc operates as an independent oil and natural gas exploration and production company in the United States. It is involved in the acquisition, exploration, development, production, and operation of oil and natural gas properties primarily in Oklahoma and Texas. The company also operates CO2 enhanced oil recovery projects.
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