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Chesapeake Energy Corporation (CHK) [hlAlert]

down 82.67 %

Chesapeake Energy Corporation (CHK) rated Overweight with price target $77 by Lehman Brothers

Posted on: Monday,  Aug 4, 2008  9:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Chesapeake Energy Corporation (NYSE: CHK) on 08/04/2008. Previously Lehman Brothers rated Buy Chesapeake Energy Corporation (NYSE: CHK) on
11/09/2007., when the stock price was $40.53. Since then, Chesapeake Energy Corporation has lost 82.68% as of 01/28/2016's recent price of $7.02.
If you would have followed the previous Lehman Brothers's recommendation on CHK, you would have lost 82.67% of your investment in 3002 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.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/4/2008 9:25 AM Buy
49.29 77.00
as of 12/24/2008
1 Week down  -3.83 %
1 Month up  6.83 %
3 Months up  39.59 %
1 YTD down  -54.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/3/2008 11:25 AM Buy
67.75 79.00
6/16/2008 10:25 AM Buy
61.21 71.00
4/28/2008 8:25 AM Buy
54.92 60.00
3/20/2008 8:25 AM Buy
44.29 55.00
2/25/2008 9:25 AM Buy
44.50 52.00
11/9/2007 11:25 AM Buy
40.53 50.00

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