NEW YORK (TheStreet) -- Chesapeake Energy (CHK - Get Report) shares are down -0.4% to $25.93 on Wednesday after the company reported mixed second quarter financial results that saw the company's net income fall by 68% during the period.
The natural gas and oil exploration company reported earnings of 36 cents per diluted share, 8 cents less than analysts were expecting, on revenue of $5.15 billion that was ahead of analysts expectations of $4.6 billion.
The company said that low natural gas prices hurt its bottom line during the quarter.
TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate CHESAPEAKE ENERGY CORP (CHK) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
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