Chesapeake Energy Corp (CHK): Today's Featured Energy Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Chesapeake Energy ( CHK) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Chesapeake Energy fell $1.80 (-6.9%) to $24.41 on heavy volume. Throughout the day, 36,079,762 shares of Chesapeake Energy exchanged hands as compared to its average daily volume of 8,321,400 shares. The stock ranged in price between $24.05-$25.58 after having opened the day at $25.58 as compared to the previous trading day's close of $26.21. Other companies within the Energy industry that declined today were: Dejour Energy ( DEJ), down 4.9%, Tesoro Corporation ( TSO), down 4.7%, Compressco Partners ( GSJK), down 3.7% and Miller Energy Resources ( MILL), down 3.6%.

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. Chesapeake Energy has a market cap of $17.7 billion and is part of the basic materials sector. Shares are down 3.4% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Chesapeake Energy a buy, 1 analyst rates it a sell, and 18 rate it a hold.

TheStreet Ratings rates Chesapeake Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Patterson-UTI Energy ( PTEN), up 13.4%, U.S. Energy ( USEG), up 7.0%, Whiting USA Trust I ( WHX), up 6.8% and Ultrapar Holdings ( UGP), up 6.6% , were all gainers within the energy industry with Halliburton Company ( HAL) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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