Roth MKM analyst Leo Mariani initiated coverage of Chesapeake with a Buy rating and $92 price target. The firm expects gas prices to rise over the next few years. Chesapeake has a strong capital return policy and will be the largest gas producer following the Southwestern Energy merger, which improves its gas pricing, the analyst tells investors in a research note.
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Read More on CHK:
- Ensign Group to replace Southwestern Energy in S&P 400 at open on 10/1
- Chesapeake, Southwestern Energy announce expiration of HSR Act waiting period
- Chesapeake price target lowered to $105 from $111 at Mizuho
- Chesapeake price target lowered to $105 from $110 at Scotiabank
- Chesapeake price target lowered to $89 from $102 at Barclays
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