Chesapeake Energy Corporation (NYSE:CHK) CEO Aubrey K. McClendon, who is also co-founder of the company, faces growing pressure from shareholders as the company struggles to survive in the midst of heavy debt and anemic natural gas prices.
With just about everyone in the industry knowing the financial struggles of the company, it has made it impossible to sell quality assets for what they're worth, as the company has been receiving low ball offers for some of its properties. That's not likely to change in the current scenario Chesapeake faces.
That has led to more debt, as the company announced it has secured a $3 billion loan from Jefferies Group (NYSE:JEF) and Goldman Sachs (NYSE:GS).
Low natural gas prices have hammered the company after its debt load grew to $13 billion as a result of aggressively investing in numerous properties.
Speculation as to the reason behind taking on more debt to deal with the situation is the board of Chesapeake is probably requiring McClendon to go that route rather than sell good assets at fire sale prices.
The $3 billion in financing should help Chesapeake boost its negotiating position a little, although time is definitely working against it. Chespeake recently said it will delay some of its asset sales in order to secure the financing, which resulted in the shares getting hammered, plunging over 13 percent on Friday, May 11.
After the fallout, a Chesapeake spokesman asserted it still has the of still hitting the asset sales target of $10 billion they set for 2012.
Billionaire Carl Icahn is building a significant stake in Chesapeake again, which would probably force the hand of McClendon to take the necessary steps to right the company ship.
The last time Icahn did this he acquired over 5 percent of Chesapeake, which forced McClendon to sell all its holdings in the Fayetteville shale of Louisiana for close to $5 billion for the purpose of reducing debt. Icahn reportedly made about $500 million after he sold his shares in the company.
There is growing pressure from Shareholders for McClendon to step down as CEO of Chesapeake.
Showing posts with label Chesapeake Energy. Show all posts
Showing posts with label Chesapeake Energy. Show all posts
Monday, May 14, 2012
Wednesday, April 11, 2012
W&T (WTI) (CHK) (CLNE) (NOG) (RECV) (RGP) (SXLP) Ratings, Price Targets
W&T Offshore, Inc. (WTI), Chesapeake Energy (CHK), Clean Energy Fuels Corp. (CLNE), Northern Oil & Gas, Inc. (NOG), Recovery Energy (RECV), Regency Energy Partners LP (RGP) and Signature Exploration and Production (SXLP) had ratings and price targets on them adjusted by analysts.
Pritchard upgraded W&T Offshore, Inc. (WTI) from a "Neutral" rating to a "Buy" rating.
Tudor Pickering downgraded Chesapeake Energy (CHK) from a "Buy" rating to an "Accumulate" rating.
Piper Jaffray initiated coverage on Clean Energy Fuels Corp. (CLNE). They placed a "Neutral" rating and a price target of $20.00 on the company.
Capital One upgraded Northern Oil & Gas, Inc. (NOG). They placed a "Strong-Buy" rating and a price target of $20.00 on the company.
Sidoti initiated coverage on Recovery Energy (RECV). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on Regency Energy Partners LP (RGP). They placed an "Overweight" rating and a price target of $28.00 on the company.
Auriga downgraded Signature Exploration and Production (SXLP). They placed a "Hold" rating and a price target of $51.00 on the company.
Pritchard upgraded W&T Offshore, Inc. (WTI) from a "Neutral" rating to a "Buy" rating.
Tudor Pickering downgraded Chesapeake Energy (CHK) from a "Buy" rating to an "Accumulate" rating.
Piper Jaffray initiated coverage on Clean Energy Fuels Corp. (CLNE). They placed a "Neutral" rating and a price target of $20.00 on the company.
Capital One upgraded Northern Oil & Gas, Inc. (NOG). They placed a "Strong-Buy" rating and a price target of $20.00 on the company.
Sidoti initiated coverage on Recovery Energy (RECV). They placed a "Buy" rating on the company.
JPMorgan Chase & Co. initiated coverage on Regency Energy Partners LP (RGP). They placed an "Overweight" rating and a price target of $28.00 on the company.
Auriga downgraded Signature Exploration and Production (SXLP). They placed a "Hold" rating and a price target of $51.00 on the company.
Tuesday, March 6, 2012
Chesapeake's (CHK) and McClendon's Shale Revenue Alternative
The announcement from Chesapeake Energy (CHK) CEO Aubrey McClendon and Kohlberg Kravis Roberts & Co. (KKR) that they are entering a $250 million joint venture received mixed responses from pundits and analysts.
As for the deal, KKR will supply $225 million of the investment while Chesapeake will invest the remaining $25 million.
The purpose of the joint venture is for the two companies to acquire more oil and gas shale plays in order to generate royalties from the properties.
Chesapeake will do the majority of the lifting because of its expertise in the sector; owning and managing the shale assets on behalf of the venture.
With KKR putting up 90 percent of the capital, it has to stand to reason that they will almost assuredly, after some management fees, take in that same amount in royalties.
Aubrey McClendon has an insatiable drive to own more and more shale assets. But with the capital spigot running dry for Chesapeake, he's extending the reach of the company through the joint venture.
KKR director Robert Antablin said this, "Driven predominantly by the recent advancements in unconventional oil and gas technology, we continue to see attractive opportunities to invest behind the domestic exploration and production of oil and gas."
On Chesapeake's part, they must get more access to oil assets because the low price of natural gas has pressured the company's margins and earnings.
In 2011 they spend upwards of $1 billion to make acquisitions to that effect. This venture gives them access to more land and oil assets without having to cough up money it simply no longer has to make the deals it needs for shale oil acreage.
This assumes McClendon isn't blind or foolish enough to buy up even more major gas holdings with the additional capital in his hands.
The market wasn't impressed with the announcement of the joint venture, as many investors and onlookers believe Chesapeake is already in way over its head. They've already sold off some of its properties and made deal with other parterns.
So the idea of pursuing even more acreage doesn't sound too good for those who have watched Chesapeake with consternation as its debt soared and gas prices plummeted.
If this capital isn't used to acquire significant oil assets, it'll be a shock, and the future of Chesapeake would look as bleak as it ever has.
The good news is if they keep focused, Chesapeake is a good at sourcing and managing resources as anyone out there, and lower risk plays like this could help them gain some respectibility and bring back some significant profitability back to the company.
KKR closed at $13.61, down $0.25, or 1.80 percent. Chesapeake ended the session at $23.56, plunging $0.67, or 2.77 percent.
As for the deal, KKR will supply $225 million of the investment while Chesapeake will invest the remaining $25 million.
The purpose of the joint venture is for the two companies to acquire more oil and gas shale plays in order to generate royalties from the properties.
Chesapeake will do the majority of the lifting because of its expertise in the sector; owning and managing the shale assets on behalf of the venture.
With KKR putting up 90 percent of the capital, it has to stand to reason that they will almost assuredly, after some management fees, take in that same amount in royalties.
Aubrey McClendon has an insatiable drive to own more and more shale assets. But with the capital spigot running dry for Chesapeake, he's extending the reach of the company through the joint venture.
KKR director Robert Antablin said this, "Driven predominantly by the recent advancements in unconventional oil and gas technology, we continue to see attractive opportunities to invest behind the domestic exploration and production of oil and gas."
On Chesapeake's part, they must get more access to oil assets because the low price of natural gas has pressured the company's margins and earnings.
In 2011 they spend upwards of $1 billion to make acquisitions to that effect. This venture gives them access to more land and oil assets without having to cough up money it simply no longer has to make the deals it needs for shale oil acreage.
This assumes McClendon isn't blind or foolish enough to buy up even more major gas holdings with the additional capital in his hands.
The market wasn't impressed with the announcement of the joint venture, as many investors and onlookers believe Chesapeake is already in way over its head. They've already sold off some of its properties and made deal with other parterns.
So the idea of pursuing even more acreage doesn't sound too good for those who have watched Chesapeake with consternation as its debt soared and gas prices plummeted.
If this capital isn't used to acquire significant oil assets, it'll be a shock, and the future of Chesapeake would look as bleak as it ever has.
The good news is if they keep focused, Chesapeake is a good at sourcing and managing resources as anyone out there, and lower risk plays like this could help them gain some respectibility and bring back some significant profitability back to the company.
KKR closed at $13.61, down $0.25, or 1.80 percent. Chesapeake ended the session at $23.56, plunging $0.67, or 2.77 percent.
Tuesday, February 21, 2012
CSX (CSX) (ACHN) (ARMH) (AUTH) (CHK) (PFCB) Ratings, Price Targets
CSX Corp. (CSX), Achillion Pharmaceuticals (ACHN), ARM Holdings plc (ARMH), AuthenTec (AUTH), Chesapeake Energy (CHK) and P.F. Chang's China Bistro (PFCB) had ratings and price targets on them adjusted by analysts.
JMP Securities upgraded Achillion Pharmaceuticals (ACHN) to an "Outperform" rating.
Natixis upgraded ARM Holdings plc (ARMH) from a "Reduce" rating to a "Neutral" rating.
Raymond James upgraded AuthenTec (AUTH) from a "Market Perform" rating to an "Outperform" rating.
Stifel Nicolaus upgraded Chesapeake Energy (CHK) from a "Hold" rating to a "Buy" rating. They placed a price target of $29.00 on the company.
Avondale Partners upgraded CSX Corp. (CSX) from a "Market Perform" rating to an "Outperform" rating.
RBC Capital upgraded P.F. Chang's China Bistro (PFCB) from a "Sector Perform" rating to an "Outperform" rating.
JMP Securities upgraded Achillion Pharmaceuticals (ACHN) to an "Outperform" rating.
Natixis upgraded ARM Holdings plc (ARMH) from a "Reduce" rating to a "Neutral" rating.
Raymond James upgraded AuthenTec (AUTH) from a "Market Perform" rating to an "Outperform" rating.
Stifel Nicolaus upgraded Chesapeake Energy (CHK) from a "Hold" rating to a "Buy" rating. They placed a price target of $29.00 on the company.
Avondale Partners upgraded CSX Corp. (CSX) from a "Market Perform" rating to an "Outperform" rating.
RBC Capital upgraded P.F. Chang's China Bistro (PFCB) from a "Sector Perform" rating to an "Outperform" rating.
Saturday, February 4, 2012
Chesapeake (CHK), Sierra Club in Donation Scandal
Chesapeake Energy (NYSE: CHK) donated over $26 million to the Sierra Club over a four-year period which ended in 2010, prompting angry responses from their competitors in the coal industry.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
The scandalous conflict of interest came about from the reception by the controversial Sierra Club of the millions via its "Beyond Coal" campaign.
National Mining Association spokesman Luke Popovich blasted the alliance, saying rightly of the Sierra Club, "The Club demonstrates both its hypocrisy and its incompetence. It takes dictation and money from the very industry its members condemn for threatening ground water.
"And its support for gas as the bridge fuel has ironically dampened investment in renewable energy which the Club claims to support. With friends like the Sierra Club, the renewable energy industry doesn't need any enemies."
Cecil Roberts, president of the United Mine Workers of America, just as adamantly responded, saying, "The Sierra Club used secret gas industry funding to actively work to suppress the building of hundreds of next-generation coal-fired power plants across the country."
Chesapeake Energy spokesman Jim Gipson stated the sweetheart deal was agreed to be mutually ended in 2010 by them and the Sierra Club.
Chesapeake has been scaling back on production as natural gas prices continue to be under pressure from the huge supply.
Credit Suisse initiated coverage on Chesapeake, starting them off with a "Neutral" rating and price target of $23.00.
Wednesday, January 18, 2012
Chesapeake Energy (CHK) Ratings, Price Targets
Chesapeake Energy (NYSE: CHK) ratings and price targets.
Chesapeake Energy (CHK) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.
Chesapeake Energy was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company.
Chesapeake Energy was downgraded by Brean Murray Carret & Co. from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company.
Chesapeake Energy was downgraded by Capital One to a “Neutral” rating.
Chesapeake Energy (CHK) was downgraded by Pritchard from a “Buy” rating to a “Neutral” rating.
Chesapeake Energy was downgraded by Brean Murray from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company.
Chesapeake Energy was downgraded by Brean Murray Carret & Co. from a “Buy” rating to a “Hold” rating. They have a price target of $43.00 on the company.
Chesapeake Energy was downgraded by Capital One to a “Neutral” rating.
Thursday, January 5, 2012
Chesapeake Energy (CHK) Ratings, Price Targets
Chesapeake Energy (NYSE: CHK) ratings and price targets.
Bank of America (NYSE: BAC) initiated coverage on Chesapeake Energy (CHK). They have a "Buy" rating on the firm.
Sterne Agee reiterated its “Buy” rating on Chesapeake Energy.
Jefferies Group (NYSE: JEF) also reiterated its “Buy” rating on Chesapeake Energy.
Robert W. Baird recently initiated coverage on Chesapeake Energy. They have an “Outperform” rating and a price target of $36.00 on the firm.
Chesapeake Energy was trading at $23.78, falling $0.08, or 0.34 percent, as of 11:30 AM EST.
Bank of America (NYSE: BAC) initiated coverage on Chesapeake Energy (CHK). They have a "Buy" rating on the firm.
Sterne Agee reiterated its “Buy” rating on Chesapeake Energy.
Jefferies Group (NYSE: JEF) also reiterated its “Buy” rating on Chesapeake Energy.
Robert W. Baird recently initiated coverage on Chesapeake Energy. They have an “Outperform” rating and a price target of $36.00 on the firm.
Chesapeake Energy was trading at $23.78, falling $0.08, or 0.34 percent, as of 11:30 AM EST.
Friday, December 30, 2011
Chesapeake Energy (CHK) Ratings, Price Targets
Updates on Chesapeake Energy (NYSE: CHK) ratings and price targets.
Chesapeake Energy (CHK) had its “Buy” rating reiterated by Jefferies Group (NYSE: JEF). They have a price target of $35.00 on the company.
Chesapeake Energy had its “Buy” rating reiterated by Sterne Agee.
Robert W. Baird initiated coverage on Chesapeake Energy. They placed an “Outperform” rating and a price target of $36.00 on the company.
Citigroup (NYSE: C) reiterated its “Buy” rating on Chesapeake Energy . They have a price target of $32.00 on the company.
Barclays Capital (NYSE: BCS) raised their price target on Chesapeake Energy from $35.00 to $38.00. They have an “Overweight” rating on the company.
Oppenheimer (NYSE: OPY) raised their EPS on Chesapeake Energy. They have an “Outperform” rating on the company.
Canaccord Genuity reiterated a “Buy” rating on Chesapeake Energy. They have a price target of $49.00 on the company.
Chesapeake Energy (CHK) had its “Buy” rating reiterated by Jefferies Group (NYSE: JEF). They have a price target of $35.00 on the company.
Chesapeake Energy had its “Buy” rating reiterated by Sterne Agee.
Robert W. Baird initiated coverage on Chesapeake Energy. They placed an “Outperform” rating and a price target of $36.00 on the company.
Citigroup (NYSE: C) reiterated its “Buy” rating on Chesapeake Energy . They have a price target of $32.00 on the company.
Barclays Capital (NYSE: BCS) raised their price target on Chesapeake Energy from $35.00 to $38.00. They have an “Overweight” rating on the company.
Oppenheimer (NYSE: OPY) raised their EPS on Chesapeake Energy. They have an “Outperform” rating on the company.
Canaccord Genuity reiterated a “Buy” rating on Chesapeake Energy. They have a price target of $49.00 on the company.
Mosaic (MOS) (NXPI) (PNFP) (CHK) (COH) Ratings Reiterated
The Mosaic Company (NYSE: MOS), NXP Semiconductors (NASDAQ: NXPI), Pinnacle Financial Partners (NASDAQ: PNFP), Chesapeake Energy (NYSE: CHK) and Coach (NYSE: COH) had ratings on the reiterated by analysts.
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on The Mosaic Company (MOS).
Jefferies Group (NYSE:JEF) reiterated its "Buy" rating on NXP Semiconductors (NXPI).
Sterne Agee reiterated its "Buy" rating on Pinnacle Financial Partners (PNFP).
Sterne Agee reiterated its "Buy" rating on Chesapeake Energy (CHK).
Zacks Investment Research reiterated its "Neutral" rating on Coach (COH). They have a price target of $64.00 on the company.
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on The Mosaic Company (MOS).
Jefferies Group (NYSE:JEF) reiterated its "Buy" rating on NXP Semiconductors (NXPI).
Sterne Agee reiterated its "Buy" rating on Pinnacle Financial Partners (PNFP).
Sterne Agee reiterated its "Buy" rating on Chesapeake Energy (CHK).
Zacks Investment Research reiterated its "Neutral" rating on Coach (COH). They have a price target of $64.00 on the company.
Chesapeake (CHK) (HGSI) (LPS) (RAVN) (SCHW) Ratings Reiterated
Chesapeake Energy (NYSE: CHK), Human Genome Sciences (NASDAQ: HGSI), Lender Processing Services Incorporated (NYSE: LPS), Raven Industries, Inc. (NASDAQ: RAVN) and Charles Schwab (NASDAQ: SCHW) had ratings on the reiterated by analysts.
Jefferies Group (NYSE:JEF) reiterated its "Buy" rating on Chesapeake Energy (CHK).
Goldman Sachs (NYSE:GS) reiterated its "Neutral" rating on Human Genome Sciences (HGSI).
Zacks Investment Research reiterated its "Neutral" rating on Lender Processing Services Incorporated (LPS). They have a price target of $16.00 on the company.
Zacks Investment Research reiterated its "Outperform" rating on Raven Industries, Inc. (RAVN). They have a price target of $73.00 on the company.
Zacks Investment Research reiterated its "Neutral" rating on Charles Schwab (SCHW). They have a price target of $12.00 on the company.
Jefferies Group (NYSE:JEF) reiterated its "Buy" rating on Chesapeake Energy (CHK).
Goldman Sachs (NYSE:GS) reiterated its "Neutral" rating on Human Genome Sciences (HGSI).
Zacks Investment Research reiterated its "Neutral" rating on Lender Processing Services Incorporated (LPS). They have a price target of $16.00 on the company.
Zacks Investment Research reiterated its "Outperform" rating on Raven Industries, Inc. (RAVN). They have a price target of $73.00 on the company.
Zacks Investment Research reiterated its "Neutral" rating on Charles Schwab (SCHW). They have a price target of $12.00 on the company.
Thursday, December 29, 2011
IDEX (IEX) (BBCN) (ITI) (KFRC) (CYN) (CHK) Ratings, Price Targets
IDEX Corp. (NYSE: IEX), BBCN Bancorp, Inc. (NASDAQ: BBCN), Iteris, Inc. (NYSE: ITI), Kforce Inc. (NASDAQ: KFRC), City National Co. (NYSE: CYN) and Chesapeake Energy (NYSE: CHK) ratings and price targets.
IDEX Corp. (IEX) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
BBCN Bancorp, Inc. (BBCN) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Iteris, Inc. (ITI) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Kforce Inc. (KFRC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
City National Co. (CYN) was downgraded by Miller Tabak from a “Buy” rating to a “Hold” rating.
Chesapeake Energy (CHK) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
IDEX Corp. (IEX) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
BBCN Bancorp, Inc. (BBCN) was upgraded by Zacks Investment Research from a “Neutral” rating to an “Outperform” rating.
Iteris, Inc. (ITI) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
Kforce Inc. (KFRC) was downgraded by Zacks Investment Research from an “Outperform” rating to a “Neutral” rating.
City National Co. (CYN) was downgraded by Miller Tabak from a “Buy” rating to a “Hold” rating.
Chesapeake Energy (CHK) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF).
Chesapeake Energy (CHK) Ratings, Price Targets
Updates on Chesapeake Energy (NYSE: CHK) ratings and price targets.
Jefferies Group (NYSE: JEF) reiterated its "Buy" rating on Chesapeake Energy (NYSE: CHK) today.
Other recent analyst action on Chesapeake Energy (CHK) had Citigroup (NYSE: C) reiterating its "Buy" rating on the firm. They have a price target of $32.00 on them.
Barclays Capital (NYSE: BCS) raised its price target from $35.00 to $38.00. They have an "Overweight" rating on the firm.
Robert W. Baird initiated coverage on Chesapeake Energy. They have an "Outperform" rating and a price target of $36.00 on the firm.
Jefferies Group (NYSE: JEF) reiterated its "Buy" rating on Chesapeake Energy (NYSE: CHK) today.
Other recent analyst action on Chesapeake Energy (CHK) had Citigroup (NYSE: C) reiterating its "Buy" rating on the firm. They have a price target of $32.00 on them.
Barclays Capital (NYSE: BCS) raised its price target from $35.00 to $38.00. They have an "Overweight" rating on the firm.
Robert W. Baird initiated coverage on Chesapeake Energy. They have an "Outperform" rating and a price target of $36.00 on the firm.
Tuesday, November 8, 2011
Dril-Quip (DRQ) (VRUS) (AEE) (ATK) (CHK) (COR) Price Targets Changed
Dril-Quip (NYSE: DRQ), Pharmasset (NASDAQ: VRUS), Ameren Co. (NYSE: AEE), Alliant Techsystems Inc. (NYSE: ATK), Chesapeake Energy (NYSE: CHK) and CoreSite Realty Corp. (NYSE: COR) had price targets on them adjusted by analysts.
Dril-Quip (DRQ) had its price target lowered by Bank of America (NYSE:BAC) to $76.00.
Ameren Co. (AEE) had its price target raised by UBS AG (NYSE:UBS) from $28.00 to $31.00. They have a “Neutral” rating on the company.
Pharmasset (VRUS) had its price target raised by Goldman Sachs (NYSE:GS) to $77.00.
Alliant Techsystems Inc. (ATK) had its price target lowered by UBS AG (NYSE:UBS) from $100.00 to $80.00. They have a “Buy” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Brean Murray to $43.00.
CoreSite Realty Corp. (COR) had its price target raised by Jefferies (NYSE:JEF) to $19.00.
Dril-Quip (DRQ) had its price target lowered by Bank of America (NYSE:BAC) to $76.00.
Ameren Co. (AEE) had its price target raised by UBS AG (NYSE:UBS) from $28.00 to $31.00. They have a “Neutral” rating on the company.
Pharmasset (VRUS) had its price target raised by Goldman Sachs (NYSE:GS) to $77.00.
Alliant Techsystems Inc. (ATK) had its price target lowered by UBS AG (NYSE:UBS) from $100.00 to $80.00. They have a “Buy” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Brean Murray to $43.00.
CoreSite Realty Corp. (COR) had its price target raised by Jefferies (NYSE:JEF) to $19.00.
Monday, August 15, 2011
Chesapeake (CHK) (RA) (PLXT) (REXX) (APEI) (COG) Get New Coverage
Chesapeake Energy (NYSE: CHK), RailAmerica, Inc. (NYSE: RA), PLX Technology Inc (NASDAQ: PLXT), Rex Energy (NASDAQ: REXX), American Public Education (NASDAQ: APEI) and Cabot Oil & Gas (NYSE: COG) get new analyst coverage.
Morgan Keegan initiated coverage on RailAmerica, Inc. (RA). They placed an “Outperform” rating and a price target of $20.00 on the company.
Wunderlich initiated coverage on PLX Technology Inc. (PLXT). They placed a “Hold” rating and a price target of $3.50 on the company.
Brean Murray initiated coverage on Rex Energy (REXX). They placed a “Hold” rating on the company.
Wunderlich initiated coverage on American Public Education (APEI). They placed a “Buy” rating and a price target of $54.00 on the company.
Brean Murray initiated coverage on Chesapeake Energy (CHK). They placed a “Buy” rating and a price target of $40.00 on the company.
Brean Murray initiated coverage on Cabot Oil & Gas (COG). They placed a “Buy” rating and a price target of $98.00 on the company.
Morgan Keegan initiated coverage on RailAmerica, Inc. (RA). They placed an “Outperform” rating and a price target of $20.00 on the company.
Wunderlich initiated coverage on PLX Technology Inc. (PLXT). They placed a “Hold” rating and a price target of $3.50 on the company.
Brean Murray initiated coverage on Rex Energy (REXX). They placed a “Hold” rating on the company.
Wunderlich initiated coverage on American Public Education (APEI). They placed a “Buy” rating and a price target of $54.00 on the company.
Brean Murray initiated coverage on Chesapeake Energy (CHK). They placed a “Buy” rating and a price target of $40.00 on the company.
Brean Murray initiated coverage on Cabot Oil & Gas (COG). They placed a “Buy” rating and a price target of $98.00 on the company.
Monday, August 1, 2011
Alere (ALR) (CCI) (CERN) (CHK) (EXPE) (KLAC) Price Targets Changed
Alere Inc. (NYSE: ALR), Crown Castle (NYSE: CCI), Cerner Corp. (NASDAQ: CERN), Chesapeake Energy (NYSE: CHK), Expedia, Inc. (NASDAQ: EXPE) and KLA-Tencor (NASDAQ: KLAC) price targets adjusted by analysts.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Cameron (CAM) (CHK) (D) (DD) (MUR) (NBL) Price Targets Changed
Cameron (NYSE: CAM), Chesapeake Energy (NYSE: CHK), Dominion Resources, Inc. (NYSE: D), DuPont (NYSE: DD), Murphy Oil Corp (NYSE: MUR) and Noble Energy (NYSE: NBL) price targets adjusted by analysts.
Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.
Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.
DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.
Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.
Cameron (CAM) had its price target raised by RBC Capital from $64.00 to $67.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by UBS AG (NYSE:UBS) from $33.00 to $36.00. They have a “neutral” rating on the company.
Dominion Resources, Inc. (D) had its price target raised by Barclays Capital from $48.00 to $52.00. They have an “Overweight” rating on the company.
DuPont (DD) had its price target raised by JPMorgan Chase & Co. (NYSE:JPM) to $65.00.
Murphy Oil Corp. (MUR) had its price target slashed by Barclays Capital from $83.00 to $77.00. They have an “Overweight” rating on the company.
Noble Energy (NBL) had its price target raised by RBC Capital from $116.00 to $120.00. They have an “Outperform” rating on the company.
Friday, May 20, 2011
Marathon (MRO) (CHK) (GEOI) (WTI) (BHI) Trade Mixed as Energy Falls
Shares of Marathon Oil (NYSE:MRO), Chesapeake Energy Corp. (NYSE:CHK), GeoResources (NASDAQ:GEOI), W&T Offshore (NYSE:WTI) and Baker Hughes Incorporated (NYSE:BHI) traded mixed on Thursday as oil and gas were down on the day.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.
Chesapeake Energy Corp. (CHK) closed Thursday at $29.91, dropping $0.04, or 0.13 percent. Marathon Oil closed at $51.92, gaining $0.39, or 0.76 percent.
Benchmark crude for June delivery fell $1.63 to settle at $98.93 per barrel on the New York Mercantile Exchange.
Brent crude oil for July delivery was down 23 cents, or 0.2 percent, to $112.07.
June, heating oil fell 1.12 cents to settle at $2.8947 a gallon, gasoline dropped 2.95 cents to $2.926 a gallon and natural gas fell 10.5 cents to $4.161 per 1,000 cubic feet.
Linn Energy, LLC (LINE) closed Thursday at $38.35, gaining $0.33, or 0.87 percent. Lufkin Industries, Inc. (LUFK) ended the session at $85.06, up $1.81, or 2.17 percent.
Chesapeake Energy Corp. (CHK) closed Thursday at $29.91, dropping $0.04, or 0.13 percent. Marathon Oil closed at $51.92, gaining $0.39, or 0.76 percent.
Tuesday, May 17, 2011
Chesapeake Energy Corp. (CHK) Trades Down as Oil Prices Drop
Chesapeake Energy Corp. (NYSE:CHK) was under pressure as oil as gas prices fell Wednesday, dragging most of the energy companies down with them.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Chesapeake Energy Corporation produces natural gas in the United States.
Chesapeake Energy Corp. (CHK) closed Wednesday at $20.35, down $0.14, or 0.68 percent.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Chesapeake Energy Corporation produces natural gas in the United States.
Chesapeake Energy Corp. (CHK) closed Wednesday at $20.35, down $0.14, or 0.68 percent.
Chesapeake Energy Corp. (CHK) Trades Down as Oil Prices Drop
Chesapeake Energy Corp. (NYSE:CHK) was under pressure as oil as gas prices fell Wednesday, dragging most of the energy companies down with them.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Chesapeake Energy Corporation produces natural gas in the United States.
Chesapeake Energy Corp. (CHK) closed Wednesday at $20.35, down $0.14, or 0.68 percent.
Brent crude settled down $5.06 at $112.57 a barrel, while U.S. crude futures dropped $5.67 to settle at $98.21.
Natural gas for June delivery settled 6.5 cents, or 1.5%, lower, at $4.181 per million British thermal units on the New York Mercantile Exchange.
The U.S. Oil Fund (USO) dropped 4.2 percent to closed at $39.35, the Energy Select Sector SPDR Fund (XLE) was down 2.9 percent to close at $74.28, and the U.S. gasoline fund LP (UGA) plunged 6.4 percent to close at $51.44.
Chesapeake Energy Corporation produces natural gas in the United States.
Chesapeake Energy Corp. (CHK) closed Wednesday at $20.35, down $0.14, or 0.68 percent.
Monday, May 16, 2011
Comstock (CRK) (KOG) (CHK) (EGY) Trade Mixed as Oil Prices Rebounded
Shares of Comstock Resources (NYSE:CRK), Kodiak Oil & Gas (Amex:KOG), Chesapeake Energy Corp. (NYSE:CHK) and Vaalco Energy (NYSE:EGY) traded mixed even as oil and gas prices closed Friday in positive territory.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Chesapeake Energy Corp. (CHK) closed Friday at $29.78, dropping $0.70, or 2.30 percent.
On the New York Mercantile Exchange, crude for June delivery on Friday settled at $99.65 a barrel, up 68 cents, or 0.69 percent, after trading in a range of $97.09 to $100.70.
For the week, front-month crude climbed $2.47, or 2.5 percent.
ICE Brent for June delivery settled at $113.83 a barrel, up 85 cents, or 0.75 percent, after trading in a range of $111.72 to $114.92. The Brent crude contract for July delivery was at 66 cents, or 0.6 percent higher on Friday, at $112.99. Last week, Brent crude jumped $4.70, or 4.3 percent.
The U.S. dollar index was up 0.8 percent higher at $75.72 as the euro was down 1 percent against the dollar at $1.411. On Friday, European officials said that Greece, Ireland and Portugal's sovereign debt problems may be worse than previously believed.
NYMEX June gasoline settled at $3.0744 a gallon, up 1.05 cents, or 0.34 percent, after trading in a range of $3.0342 to $3.1388.
For the week, front-month RBOB fell 1.57 cents, or 0.5 percent.
NYMEX June heating oil closed at $2.9422 a gallon, rising 2.85 cents, or 1 percent.
Front-month heating oil for last week was up 9.65 cents.
Chesapeake Energy Corp. (CHK) closed Friday at $29.78, dropping $0.70, or 2.30 percent.
Subscribe to:
Posts (Atom)