NEW YORK (

TheStreet

) --

Chesapeake Energy Corp

(NYSE:

CHK

) hit a new 52-week high Tuesday as it traded at $32.47 compared with its previous 52-Week high of $32.17. Chesapeake Energy is changing hands at $32.30 with 5.4 million shares traded as of 10:02 a.m. ET. Average volume has been 12 million shares over the past 30 days.

Chesapeake Energy has a market cap of $19.9 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 17.4% year to date as of the close of trading on Friday.

Chesapeake Energy Corporation, together with its subsidiaries, produces natural gas in the United States. The company has a P/E ratio of 21, above the average energy industry P/E ratio of 20.7 and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Chesapeake Energy as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, increase in stock price during the past year and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full

Chesapeake Energy Ratings Report

.

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