Goldman Sachs Downgrades Chesapeake Energy (CHK) to Sell

April 12, 2019 3:44 AM EDT
Get Alerts CHK Hot Sheet
Price: $61.07 -0.2%

Rating Summary:
    9 Buy, 16 Hold, 19 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Goldman Sachs analyst Brian Singer downgraded Chesapeake Energy (NYSE: CHK) from Neutral to Sell with a price target of $2.50 (from $2.75).

  • Cites less favorable competitive positioning and a weak balance sheet for the downgrade.
  • Believes there will be no inflection in 2019 regarding of line of sight to sustained FCF enough to reduce LT debt.
  • Believes valuation is ahead of itself.

For an analyst ratings summary and ratings history on Chesapeake Energy click here. For more ratings news on Chesapeake Energy click here.

Shares of Chesapeake Energy closed at $3.33 yesterday.

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