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Chesapeake Energy Corporation (CHK) [hlAlert]

down 57.96 %

Chesapeake Energy Corporation (CHK) rated Overweight with price target $38 by Barclays Capital

Posted on: Monday,  Dec 5, 2011  12:25 PM ET by Barclays Capital

Barclays Capital rated Overweight Chesapeake Energy Corporation (NYSE: CHK) on 12/05/2011. Previously Barclays Capital rated Overweight Chesapeake Energy Corporation (NYSE: CHK) on
02/19/2009., when the stock price was $16.70. Since then, Chesapeake Energy Corporation has lost 57.96% as of 01/28/2016's recent price of $7.02.
If you would have followed the previous Barclays Capital's recommendation on CHK, you would have lost 57.96% 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.

Barclays Capital has assembled a world-class, award-winning team of analysts covering, credit, commodities, economics, emerging markets, equities, fixed income, foreign exchange and market strategy. We provide in-depth analysis of companies and macro coverage across asset classes, markets and the world’s economies. We have a highly quantitative approach and our research is underpinned by sophisticated analytics. Combined, these provide clients with the tools and insights necessary for successful risk management and financing. Our research teams are based in many of the world’s major financial centres providing our clients with a globally integrated perspective across products and geographies.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2011 12:25 PM Buy
25.55 38.00
as of 12/30/2011
1 Week down  -6.06 %
1 Month down  -12.03 %
3 Months down  -12.75 %
1 YTD down  -13.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/10/2011 12:25 PM Buy
31.48 42.00
4/6/2011 12:25 PM Buy
33.73 46.00
3/3/2011 3:25 PM Buy
33.53 42.00
1/12/2011 1:25 PM Buy
27.94 40.00
8/19/2010 1:25 PM Buy
20.79 33.00
8/19/2009 9:25 AM Buy
22.02 30.00
4/29/2009 10:25 AM Buy
19.75 36.00
2/19/2009 10:25 AM Buy
16.70 37.00

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