Chesapeake Shares Gain 4% As Market Cheers Kyle Bass Comments, Discount Raymond James Downgrade
Shares of Chesapeake Energy Corporation (NYSE: CHK) traded up early Monday morning following bullish comments on the energy sector from Kyle Bass on Sunday in a taped interview for Wall Street Week.
The stock recently traded at $4.62, up 2.9 percent. The day's high stands at $4.78.
on Sunday, Benzinga Pro posted, "Kyle Bass Says Now Is Time To Allocate Capital To Energy For Next 2-3 Yrs."
On Monday morning, Raymond James downgraded Chesapeake Energy to Underperform, citing a bearish short-term outlook for Natural Gas alongside financial statement worry.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.