Return to ads
All categories
Chesapeake Energy

Chesapeake Energy

Posted by
Posting ads for 49 years
The Associated Press March 15, 2010, 5:59PM ETAnalyst lowers rating on Chesapeake EnergyStory Toolsorder a reprintDENVERA Morgan Stanley analyst lowered his rating Monday on Chesapeake Energy Corp., saying it is on track to deliver production growth but there are few company-specific catalysts that could move the stock price.In a research note to clients, analyst Stephen Richardson downgraded Chesapeake to equal-weight from overweight.Chesapeake is on track to increase production by 8 percent to 10 percent this year, he said.The company is highly levered to the natural gas strip and the Big 6 shale plays remain the primary growth drivers for (Chesapeake) going forward, Richardson said.We still see upside from current levels, but view risk-reward as more balanced today, he stated.Shares of Chesapeake fell 22 cents to close at $25.42...

Reply to this ad
Recently viewed ads
Saved ads
Please log in to browse your saved adverts or sign up if you don't have an account yet.
Popular Stuff