Zacks Investment Research upgraded shares of Chaparral Energy (OTCMKTS:CHPE) from a hold rating to a buy rating in a report issued on Thursday morning. They currently have $21.00 target price 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. “

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CHPE has been the subject of a number of other reports. Roth Capital assumed coverage on Chaparral Energy in a report on Monday, December 11th. They set a buy rating and a $34.50 price objective for the company. Imperial Capital assumed coverage on Chaparral Energy in a report on Tuesday, January 9th. They set an outperform rating and a $31.00 price objective for the company.

Chaparral Energy stock traded up $0.15 on Thursday, reaching $17.40. 300 shares of the company’s stock were exchanged, compared to its average volume of 92,821. Chaparral Energy has a 1 year low of $12.00 and a 1 year high of $26.00.

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About Chaparral Energy

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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