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Chesapeake Energy Corporation (CHK) [hlAlert]

Neutral CHK

Chesapeake Energy Corporation (CHK) downgraded to Neutral with price target $19 by UBS

Posted on: Thursday,  Feb 26, 2015  1:25 PM ET by UBS

UBS rated Neutral Chesapeake Energy Corporation (NYSE: CHK) on 02/26/2015. Previously UBS rated Buy Chesapeake Energy
Corporation (NYSE: CHK) on 10/22/2014., when the stock price was $22.19. Since then, Chesapeake Energy Corporation has lost 22.58% of its value until UBS rated CHK Sell on 02/26/2015, when the price was $17.18. .

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/6/2015 11:25 AM Sell
7.72 6.00
as of 8/27/2015
1 Week up  1.81 %
1 Month up  9.06 %
3 Months up  9.06 %
1 YTD down  -13.51 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2015 1:25 PM Hold
17.18 19.00
10/22/2014 12:25 PM Buy
22.19 27.00
2/22/2013 11:25 AM Hold
20.09 20.00
7/29/2011 10:25 AM Hold
34.46 36.00
10/22/2009 8:25 AM Hold

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