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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Hold CHK
down 35.11 %

Chesapeake Energy Corporation (CHK) downgraded to Hold with price target $43 by Brean Murray

Posted on: Wednesday,  Jan 18, 2012  8:25 AM ET by Brean Murray

Brean Murray rated Hold Chesapeake Energy Corporation (NYSE: CHK) on 01/18/2012. Previously Brean Murray rated Buy Chesapeake Energy Corporation (NYSE: CHK) on
08/12/2011., when the stock price was $31.92. Since then, Chesapeake Energy Corporation has lost 35.12% as of 01/18/2012's recent price of $20.71.
If you would have followed the previous Brean Murray's recommendation on CHK, you would have lost 35.11% of your investment in 159 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 department is focused on fundamental analysis across the universe of over 200 small/mid cap stocks in our five target sectors. We are committed to providing proprietary action-oriented research to our institutional clients. Small cap growth focus. Our primary area of concentration is growth stocks with market capitalization of $200 million to $5 billion. Global perspective. We are covering U.S. listed stocks for companies domiciled in the U.S., China, Europe and Latin America, with our biggest concentration in the US and China. We were one of the first banks to aggressively expand our research to China and we believe we created one of the premier research franchises in small cap, U.S. listed Chinese companies to complement our strong domestic coverage. Disciplined stock selection. Our research analysts are focused on performing extensive bottoms up due diligence on companies under our coverage by leveraging their industry and management contacts. By combining our bottoms up work with our sector views we seek to generate a consistent flow of high conviction ideas for our clients. Diversified coverage. Our areas of expertise include technology, consumer, healthcare, resources and China small cap. We provide our clients with company-specific as well as sector-specific research across our target sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/18/2012 8:25 AM Hold
None
20.71 43.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -7.08 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/12/2011 8:25 AM Buy
None
31.92 40.00

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