Citigroup Maintains Neutral Rating for Chesapeake Energy: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Chesapeake Energy CHK and lower its price target from $90.00 to $82.00.

Shares of Chesapeake Energy are trading down 2.23% over the last 24 hours, at $73.38 per share.

A move to $82.00 would account for a 11.75% increase from the current share price.

About Chesapeake Energy

Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.