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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Buy CHK
down 75.25 %

Chesapeake Energy Corporation (CHK) upgraded to Buy by Citigroup

Posted on: Thursday,  Oct 24, 2013  8:25 AM ET by Citigroup

Citigroup rated Buy Chesapeake Energy Corporation (NYSE: CHK) on 10/24/2013, when the stock price was $28.37. Since
then, Chesapeake Energy Corporation has lost 75.26% as of 01/28/2016's recent price of $7.02.
If you would have followed this Citigroup's recommendation on CHK, you would have lost 75.25% of your investment in 826 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/24/2013 8:25 AM Buy
None
28.37
as of 12/13/2013
1 Week up  1.96 %
1 Month up  4.16 %
3 Months down  -4.82 %
1 YTD down  -4.82 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/27/2008 8:25 AM Hold
None
45.55

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