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Fly News Breaks for April 19, 2017
CHK
Apr 19, 2017 | 06:54 EDT
Evercore ISI analyst Stephen Richardson added Chesapeake Energy to the Tactical Outperform List saying shares have fallen 20% year-to-date and expectations have been reset. Richardson expects corporate production to trough in April and rise the balance of 2017 and said incremental well results from the PRB and Anadarko basin to be potentially supportive for the stock and drive the market's view of asset value potentially higher. The analyst has rates shares an In Line with an $8 price target.
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