NEW YORK ( TheStreet) - Chesapeake Energy ( CHK) and Avon Products ( AVP) were among the best-performing stocks in the S&P 500 on Monday. The S&P 500 fell 15.04 points, or 1.11%, on Monday to close at 1,338.35 as worries about the stability of the eurozone sapped Wall Street's risk appetite
Shares of Chesapeake Energy rose 4.79% to $15.52. The energy exploration and production company said on Friday that 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. Carl Icahn has also reportedly taken a stake in the embattled company/ Chesapeake's stock currently trades at an estimated price-to-earnings ratio for next year of 7.97X; the average for energy exploration and production companies is 15.74X. Eighteen of the 37 analysts who cover Chesapeake Energy rate it at hold. Sixteen analysts give the stock a buy rating and three rate it at sell. The stock has fallen 30.37% year to date.