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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Outperform
CHK
down 58.82 %

Chesapeake Energy Corporation (CHK) rated Outperform by Bernstein

Posted on: Thursday,  Feb 19, 2009  8:25 AM ET by Bernstein

Bernstein rated Outperform Chesapeake Energy Corporation (NYSE: CHK) on 02/19/2009, when the stock price was $17.05. Since
then, Chesapeake Energy Corporation has lost 58.83% as of 01/28/2016's recent price of $7.02.
If you would have followed this Bernstein's recommendation on CHK, you would have lost 58.82% of your investment in 2534 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.

A central advantage for Bernstein clients is the ability to harness our highly regarded expertise in investment research and management. Originally known as a value investor, Bernstein has long been known for seeking out stocks with temporarily depressed prices due to unwarranted short-term pessimism about a company’s ability to recover from its current problems. This philosophy is embodied in our flagship Strategic Value portfolio. But since value and growth stocks have alternated leadership—with no clear signal of when one style will give way to the other—we’ve developed a Strategic Growth portfolio that seeks out leading companies whose stock prices don’t fully reflect their companies’ potential for superior earnings growth.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/19/2009 8:25 AM Buy
None
17.05
as of 12/31/2009
1 Week down  -0.10 %
1 Month up  16.22 %
3 Months down  -2.11 %
1 YTD up  63.04 %

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