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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Outperform
CHK
down 64.54 %

Chesapeake Energy Corporation (CHK) rated Outperform with price target $26 by FBR Capital Markets

Posted on: Thursday,  Apr 23, 2009  8:25 AM ET by FBR Capital Markets

FBR Capital Markets rated Outperform Chesapeake Energy Corporation (NYSE: CHK) on 04/23/2009, when the stock price was $19.80.
Since then, Chesapeake Energy Corporation has lost 64.55% as of 01/28/2016's recent price of $7.02.
If you would have followed this FBR Capital Markets's recommendation on CHK, you would have lost 64.54% of your investment in 2471 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.

FBR Capital Markets research group uses a highly disciplined analysis focused on intrinsic value, which we developed to critically examine the capital structure of the companies we cover, as well as their competitive positions and the growth opportunities within their industries. We apply this discipline – which helps us assess how effectively a company’s managers deploy the capital entrusted to them – not only in our published research but also when making investing and underwriting judgments.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/23/2009 8:25 AM Buy
None
19.80 26.00
as of 12/31/2009
1 Week down  -0.10 %
1 Month up  16.22 %
3 Months down  -2.11 %
1 YTD up  40.40 %

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