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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Neutral CHK
down 25.73 %

Chesapeake Energy Corporation (CHK) downgraded to Neutral with price target $20 by Ladenburg Thalmann

Posted on: Wednesday,  May 2, 2012  8:25 AM ET by Ladenburg Thalmann

Ladenburg Thalmann rated Neutral Chesapeake Energy Corporation (NYSE: CHK) on 05/02/2012. Previously Ladenburg Thalmann rated Buy Chesapeake Energy Corporation (NYSE: CHK) on
10/04/2011., when the stock price was $23.90. Since then, Chesapeake Energy Corporation has lost 25.73% as of 05/02/2012's recent price of $17.75.
If you would have followed the previous Ladenburg Thalmann's recommendation on CHK, you would have lost 25.73% of your investment in 211 days.

Chesapeake Energy Corporation is a producer of natural gas in the United States. The Company own interests in approximately 41,200 producing natural gas and oil wells that are producing approximately 2.3 billion cubic feet equivalent (bcfe) per day, 92% of which is natural gas. As of December 31, 2008, it was focusing on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States primarily in the Big 4 natural gas shale plays: the Barnett Shale in the Forth Worth Basin of north-central Texas, the Haynesville Shale in the Ark-La-Tex area of northwestern Louisiana and East Texas, the Fayetteville Shale in the Arkoma Basin of central Arkansas and the Marcellus Shale in the northern Appalachian Basin of West Virginia, Pennsylvania and New York. It also has operations in various other plays, both conventional and unconventional, in the Mid-Continent, Appalachian Basin, Permian Basin, Delaware Basin, and South Texas.

Our Research Department takes a fresh, critical approach to analyzing primary sources and developing proprietary research. Many individuals, institutions, portfolio managers and hedge fund managers, on all levels, have been neglected by brokerage firms ignoring the demands for unbiased research. Ladenburg Thalmann provides a superior branded in-depth research product geared only to action-oriented investment ideas. Ladenburg Thalmann’s proprietary equity research tries to uncover crucial information before the rest of the Street. Our analysts concentrate on uncovered and under-covered stocks and have a small to mid-cap focus. We will not shy away from large cap names as long as we can bring value to our clients through timely, differentiated ideas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/2/2012 8:25 AM Hold
None
17.75 20.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -20.36 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/4/2011 1:25 PM Buy
None
23.90 36.00

(*) Stock Price at the time of the recommendation.
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