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Chesapeake Energy Corporation (CHK) [hlAlert]

Sector Perform
down 2.42 %

Chesapeake Energy Corporation (CHK) downgraded to Sector Perform with price target $30 by Howard Weil

Posted on: Friday,  Feb 7, 2014  9:25 AM ET by Howard Weil

Howard Weil rated Sector Perform Chesapeake Energy Corporation (NYSE: CHK) on 02/07/2014. Previously Howard Weil rated Sector Outperform Chesapeake Energy Corporation (NYSE: CHK)
on 08/02/2013., when the stock price was $25.20. Since then, Chesapeake Energy Corporation has lost 2.42% as of 02/07/2014's recent price of $24.59.
If you would have followed the previous Howard Weil's recommendation on CHK, you would have lost 2.42% of your investment in 189 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.

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/7/2014 9:25 AM Hold
24.59 30.00
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -9.39 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/2/2013 9:25 AM Buy
25.20 31.00
5/4/2011 9:25 AM Buy
31.16 39.00
3/24/2011 9:25 AM Hold
33.83 34.00
1/12/2011 10:25 AM Hold
12/8/2008 10:25 AM Buy
10/13/2008 10:25 AM Hold

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