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

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Chesapeake Energy: A Value Trap (Seeking Alpha)

A number of analysts are responding to news Chesapeake Energy Corporation (NYSE: CHK) named Doug Lawler as its new CEO earlier Monday.

RBC Capital's Scott Hanold noted Lawler's strong performance at Anadarko (NYSE: 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.

Latest Ratings for CHK

DateFirmActionFromTo
Oct 2017BarclaysMaintainsUnderweight
Oct 2017JefferiesAssumesHoldUnderperform
Oct 2017JefferiesDowngradesHoldUnderperform

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