Chesapeake Energy (CHK) Stock Climbing on Rising Oil Prices
NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK) - Get Report are rising 1.15% to $4.40 in mid-afternoon trade as oil prices turn positive.
Oil prices are advancing today on a weaker dollar, after the Bank of England's decision to not cut rates led to a rally of the British pound, Reuters reports.
Crude oil (WTI) is up 1.25% to $45.31 per barrel and Brent crude is climbing 1.62% to $47.01 per barrel.
The rebounds come after oil lost about 4% on Wednesday.
Yesterday, oil suffered big losses on reports that global supply gluts had not declined as much as had been anticipated. The International Energy Agency said that the stockpile is "threatening market recovery."
Chesapeake Energy is an Oklahoma City, OK-based oil and natural gas producer.
Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of E+.
The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.
You can view the full analysis from the report here: CHK
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.