NEW YORK ( TheStreet) -- Chesapeake Energy (NYSE: CHK) is trading at unusually high volume Wednesday with 65.9 million shares changing hands. It is currently at four times its average daily volume and trading down $1.40 (-7.3%) at $17.72 as of 1:05 p.m. ET. Chesapeake Energy has a market cap of $14.22 billion and is part of the basic materials sector and energy industry. Shares are down 14.2% year to date as of the close of trading on Tuesday. Chesapeake Energy Corporation engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. The company also offers marketing, midstream, drilling, and other oilfield services. The company has a P/E ratio of 8.3, below the average energy industry P/E ratio of 9.3 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Chesapeake Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Chesapeake Energy Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.