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Chesapeake Energy Corporation (CHK) [hlAlert]

Rating:
Mkt Perform
CHK
down 6.72 %

Chesapeake Energy Corporation (CHK) downgraded to Mkt Perform by FBR Capital

Posted on: Friday,  Feb 10, 2012  8:25 AM ET by FBR Capital

FBR Capital rated Mkt Perform Chesapeake Energy Corporation (NYSE: CHK) on 02/10/2012. Previously FBR Capital rated Outperform Chesapeake Energy Corporation (NYSE: CHK)
on 08/05/2009., when the stock price was $23.35. Since then, Chesapeake Energy Corporation has lost 6.72% as of 02/10/2012's recent price of $21.78.
If you would have followed the previous FBR Capital's recommendation on CHK, you would have lost 6.72% of your investment in 919 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 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
2/10/2012 8:25 AM Hold
None
21.78
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD down  -2.28 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2009 8:25 AM Buy
None
23.35 30.00

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