NEW YORK (TheStreet) -- Shares of Chesapeake Energy  (CHK) - Get Report are up 1.41% to $13.69 Friday afternoon, as oil prices trade in the green to bounce back from yesterday's losses, due to the weakness in the U.S. dollar.

Brent crude for May delivery is rising, up 1.51% to $55.25 a barrel as of 12:33 p.m. ET today, while WTI is also up 5.53% to $46.39 a barrel.

Oil prices turned green in today's session following German Chancellor Angela Merkel's upbeat comments about Greece, giving the euro a boost against the dollar, according to Reuters.

Merkel said that payments to Greece could begin if the country's list of reforms is approved, in efforts to keep Greece in the euro zone, Reuters reports.

A weaker dollar makes oil more attractive, causing the rally in oil prices, Reuters noted.

Oklahoma City, OK-based Chesapeake is a producer of natural gas and liquids. The company's exploration and production segment is responsible for finding and producing natural gas, oil and natural gas liquids.

The company owns interests in approximately 47,400 natural gas and oil wells with positions in the resource plays including the Eagle Ford Shale, and the Utica Shale.

Insight from TheStreet's Research Team

Sham Gad commented on Chesapeake Energy in a recent post on RealMoney.com. Here is what Gad had to say about the stock:

After a few weeks of seemingly stable oil prices, volatility is back. Crude oil is trading for $42 a barrel and, as such, the energy stocks have responded faithfully. For those willing to ride out the volatility, now might be a good time to pounce.

But before proceeding, make sure you can answer the following question: Are the energy companies you are looking at low-cost producers? Or are they well capitalized enough to withstand the current environment and emerge stronger when prices are higher?

And most importantly, do not -- I repeat, do not -- invest based on the forecast that oil will rebound to $100 again. It may and, if so, that will be absolute gravy to your portfolio. But the goal in investing is to protect your downside first by minimizing the probability of permanently losing money.

With that, Chesapeake Energy (CHK) is trading for around $13 a share. Shares have come under pressure after releasing financial results and providing 2015 guidance. The balance-sheet concerns are overblown in my view, as CHK continues to monetize assets. The company has a $1 billion share repurchase program and, at current prices, the company could buy back more than 10% of its shares.

- Sham Gad, 'Time to Drill Into Energy Stocks?' originally published 3/18/2015 on RealMoney.com.

Want more information like this from Sham Gad BEFORE your stock moves? Learn more about RealMoney.com now.

Separately, TheStreet Ratings team rates CHESAPEAKE ENERGY CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CHESAPEAKE ENERGY CORP (CHK) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: CHK Ratings Report