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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Outperform
CHK
down 64.32 %

Chesapeake Energy Corporation (CHK) rated Outperform by Boenning & Scattergood

Posted on: Wednesday,  Jun 24, 2009  10:25 AM ET by Boenning & Scattergood

Boenning & Scattergood rated Outperform Chesapeake Energy Corporation (NYSE: CHK) on 06/24/2009, when the stock price was $19.68.
Since then, Chesapeake Energy Corporation has lost 64.33% as of 01/28/2016's recent price of $7.02.
If you would have followed this Boenning & Scattergood's recommendation on CHK, you would have lost 64.32% of your investment in 2409 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.

Our equity research team concentrates on companies that aren’t widely covered in sectors such as water distribution/equipment/technology, financial services, business services, aerospace & defense technology, medical technology and retail.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/24/2009 10:25 AM Buy
None
19.68
as of 12/31/2009
1 Week down  -0.10 %
1 Month up  16.22 %
3 Months down  -2.11 %
1 YTD up  41.26 %

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