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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Hold CHK

Chesapeake Energy Corporation (CHK) rated Hold with price target $24 by Deutsche Bank

Posted on: Tuesday,  Jun 4, 2013  3:25 PM ET by Deutsche Bank

Chesapeake Energy Corporation (NYSE: CHK)
rated Hold with price target $24 by Deutsche Bank.

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.

Deutsche Bank is one of the largest European fund managers. DWS was founded in 1956 and is an integral part of the Asset Management division of Deutsche Bank. This division is one of the largest global asset managers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/18/2014 3:25 PM Hold
None
24.95 24.00
as of 12/13/2013
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/4/2013 3:25 PM Hold
None
21.54 24.00
1/4/2013 2:25 PM Hold
None
17.40 21.00
9/20/2011 8:25 AM Hold
None
31.03 39.00

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