Chesapeake Energy: S&P Intraday Gainer

NEW YORK ( TheStreet) -- Chesapeake Energy ( CHK) was the best-performing stock in the S&P 500 on Monday morning.

The S&P 500 was falling about 13.5 points to 1,339.

Shares of Chesapeake rose 8.68% to $16.09. The Oklahoma City-based energy exploration and production company said Friday it received a $3 billion loan from Goldman Sachs ( GS) and Jefferies Group ( JEF), giving the oil and gas company more time to lower its debt.

Chesapeake trades at an estimated price-to-earnings ratio for next year of 8 times; the average for exploration and production companies is 15.6. For comparison, Williams Partners ( WPZ) has a higher forward P/E of 16.92.

Eighteen of the 37 analysts who cover Chesapeake rated it hold. Sixteen analysts gave the stock a buy rating and three rated it sell.

The stock has fallen 27.79% year to date.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

>To follow the writer on Twitter, go to Alexandra Zendrian.

If you liked this article you might like

Novice Trade: UVXY

Gold Prices Have Just Formed a Classic Technical Pattern That Hints Even Higher Prices Are Coming

7 of 11 S&P Sector ETFs Set Post-Election Highs, While Energy Sets Post-Election Low

The Stock Market Has Been Amazingly Resilient -- Check Out These 10 Charts