UBS Downgrades Chesapeake Energy (CHK) to Neutral
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February 26, 2015 8:46 AM EST
Jefferies analyst Jonathan Wolff lowered estimates and his price target on Hold-rated Chesapeake Energy (NYSE: CHK) to $16.00 (from $19.00) following weak Q4 results.
Wolff commented, "CHK dropped a surprisingly weak outlook for volumes and price realizations with higher capex. CHK's adjustment to growth for Marcellus... More
February 25, 2015 9:05 AM EST
Sterne Agee analyst Tim Rezvan commented on Chesapeake Energy (NYSE: CHK) following disappoint Q4 results. He expects shares to underperform amid the numbers.
Rezvan commented, "We expect CHK shares to underperform following disappointing 4Q results, with sharply weaker than expected realizations... More
February 25, 2015 7:04 AM EST
Chesapeake Energy (NYSE: CHK) reported Q4 EPS of $0.11, $0.13 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $5.05 billion versus the consensus estimate of $4.83 billion.
Doug Lawler, Chesapeakes Chief Executive Officer, said, 2014 was a year of accomplishments for Chesapeake. Because of these accomplishments and the progress we have made as a company in 2014, Chesapeake is well positioned to remain strong and flexible in 2015. We have taken and continue to take appropriate steps not only to weather the current difficult... More
