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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Sector Perform
CHK

Chesapeake Energy Corporation (CHK) rated Sector Perform with price target $38 by RBC Capital Mkts

Posted on: Friday,  Feb 25, 2011  8:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Chesapeake Energy Corporation (NYSE: CHK) on 02/25/2011. Previously RBC Capital Mkts rated Outperform Chesapeake Energy Corporation (NYSE:
CHK) on 02/18/2010., when the stock price was $27.10. Since then, Chesapeake Energy Corporation has lost 18.45% as of 11/04/2010's recent price of $22.10.
If you would have followed the previous RBC Capital Mkts's recommendation on CHK, you would have lost 18.45% of your investment in 259 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2011 8:25 AM Hold
None
34.62 38.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/4/2010 8:25 AM Hold
None
22.10 30.00
2/18/2010 10:25 AM Buy
None
27.10 37.00
1/5/2010 9:25 AM Buy
None
28.40 34.00
2/22/2008 9:25 AM Buy
None
44.00 50.00
11/7/2007 11:25 AM Buy
None
40.10 46.00

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