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Chesapeake Energy (CHK) Stock Climbs, SunTrust: 40% Upside

NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK) were rising 5.38% to $8.03 in late morning trade on Monday as SunTrust upped its price target on the stock to $11 from $8 in a note cited by Barron's.

The firm said it anticipates that the Oklahoma City-based natural gas, oil and natural gas liquid producer will announce at least one large asset sale and several "noteworthy" wells by the end of the year.

"Chesapeake does not get enough credit for its...