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Chesapeake Energy Corp (CHK): Today's Featured Basic Materials Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Chesapeake Energy (CHK) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day up 0.3%. By the end of trading, Chesapeake Energy rose $0.56 (2.0%) to $29.02 on average volume. Throughout the day, 9,583,629 shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 9,890,700 shares. The stock ranged in a price between $28.38-$29.25 after having opened the day at $28.46 as compared to the previous trading day's close of $28.46. Other companies within the Basic Materials sector that increased today were: BioFuel Energy (BIOF), up 14.8%, Hugoton Royalty (HGT), up 14.8%, Dejour Energy (DEJ), up 8.8% and Allied Nevada Gold (ANV), up 7.6%.

Chesapeake Energy Corporation is engaged in the acquisition, exploration, and development of properties for the production of natural gas, oil, and natural gas liquids (NGL) from underground reservoirs in the United States. Chesapeake Energy has a market cap of $19.0 billion and is part of the energy industry. Shares are up 4.9% year to date as of the close of trading on Tuesday. Currently there are 5 analysts that rate Chesapeake Energy a buy, 1 analyst rates it a sell, and 19 rate it a hold.

TheStreet Ratings rates Chesapeake Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally higher debt management risk.

On the negative front, Noranda Aluminum (NOR), down 11.1%, Gevo (GEVO), down 7.6%, Solitario Exploration & Royalty (XPL), down 7.1% and Tengasco (TGC), down 7.0% , were all laggards within the basic materials sector with Enterprise Products Partners (EPD) being today's basic materials sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the basic materials sector could consider Materials Select Sector SPDR (XLB) while those bearish on the basic materials sector could consider ProShares Short Basic Materials Fd (SBM).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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