RBC Points to Lawler's 'Good Rep with the Street,' Says Addition 'Positive' for Chesapeake Management

A number of analysts are responding to news Chesapeake Energy Corporation CHK named Doug Lawler as its new CEO earlier Monday. RBC Capital's Scott Hanold noted Lawler's strong performance at Anadarko APC leading to his “good reputation with the Street.” Hanhold called the addition of Lawler a "positive" for management. Hanold maintains a Sector Perform rating and $21 price target on shares of Chesapeake. Lawler is slated to take the CEO position at Chesapeake Energy on June 17th. Investors in Chesapeake are responding positively to the news; CHK shares last traded at $20.94, up about 3.3 percent from Friday's close.