Wells Fargo Upgrades Chesapeake Energy (CHK) to Outperform; Utica And Liquids Shift Should Drive Shares

Article Stock Quotes (1) Comments (0)

Wells Fargo upgraded Chesapeake Energy (NYSE: CHK) from Market Perform to Outperform with a price target range of $38-$42 (from $26-29).

Wells analyst says, "Through an aggressive acquisition and development strategy, over the last few years Chesapeake has built itself into a dominant natural gas producer in the U.S. We believe the company's Utica position will be a driver of value for shares and believe that CHK has indeed made the transition to a more balanced portfolio."

For more ratings news on Chesapeake Energy click here and for the rating history of Chesapeake Energy click here.

Shares of Chesapeake Energy closed at $26.75 yesterday, with a 52 week range of $20.97-$35.95.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Susquehanna Upgrades Chesapeake Energy (CHK) to Positive
• Chesapeake Energy's (CHK) New CEO Has Good Reputation
• Macquarie Upgrades BlackRock (BLK) to Outperform

Create E-mail Alert Related Categories

Upgrades

Related Entities

Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?