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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Neutral CHK
up 36.82 %

Chesapeake Energy Corporation (CHK) downgraded to Neutral by JP Morgan

Posted on: Thursday,  May 16, 2013  8:25 AM ET by JP Morgan

JP Morgan rated Neutral Chesapeake Energy Corporation (NYSE: CHK) on 05/16/2013. Previously JP Morgan rated Overweight Chesapeake Energy Corporation (NYSE: CHK) on
12/08/2008., when the stock price was $14.80. Since then, Chesapeake Energy Corporation has gained 36.82% as of 05/16/2013's recent price of $20.25.
If you would have followed the previous JP Morgan's recommendation on CHK, you would have gained 36.82% of your investment in 1620 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/21/2015 12:25 PM Hold
None
15.20
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD up  21.84 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/16/2013 8:25 AM Hold
None
20.25
12/8/2008 9:25 AM Buy
None
14.80
4/3/2008 8:25 AM Hold
None
45.45

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