Chesapeake (CHK -2.9%) is cut to Market Perform at Sanford Bernstein, which expects low natural...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake (CHK -2.9%) is cut to Market Perform at Sanford Bernstein, which expects low natural gas prices to continue to pressure shares and Q2 earnings as "potentially a headwind to the stock." Bernstein sees value elsewhere with EOG Resources (EOG), Noble Energy (NBL) and Apache (APA).