Chesapeake Energy

Chesapeake Energy : One analyst said Morgan Stanley cut its classification Chesapeake Energy Corp. Monday, saying it is on track to achieve growth in production, but there are a few “company – a specific catalyst” that could move the share price.

In a research note to clients, and reduce the level of analyst Stephen Richardson Chesapeake to “equal weight” from “overweight.”

Chesapeake are on track to increase production by 8 percent to 10 percent this year, he said.

“The company is directed to high natural gas sector and the large stone 6 plays remain the main drivers of growth (Chesapeake) to move forward,” said Richardson.

“We still see the top of the current levels, but the risks and offered a more balanced today,” he said.

Chesapeake shares fell 22 cents to close at $ 25.42.