5 Best Natural Gas Stocks to Buy Now

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In this article, we will discuss the 5 best natural gas stocks to buy now. If you want to read our analysis of the gas market, go directly to the 10 Best Natural Gas Stocks to Buy Now.

5. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Holders: 59

Stock Price as of July 7: $74.34

Chesapeake Energy Corporation (NASDAQ:CHK) is an Oklahoma City-based unconventional and onshore crude oil and natural gas E&P company.

On June 22, Chesapeake Energy Corporation (NASDAQ:CHK) increased its share buyback authorization from $1 billion to $2 billion, which will run through till December 2023. Under the currently approved share buyback plan, Chesapeake Energy Corporation (NASDAQ:CHK) has acquired stock worth $480.6 million.

On June 14, William Janela at Credit Suisse began coverage on Chesapeake Energy Corporation (NASDAQ:CHK) with an Outperform rating and a target price of $115. Following restructuring within the company, Chesapeake Energy Corporation (NASDAQ:CHK) has emerged as a leaner entity with a lower cost structure and a strong balance sheet. According to the analyst, Chesapeake Energy Corporation (NASDAQ:CHK) has made two substantial acquisitions to pivot its operations towards natural gas. This will aid the company in delivering above-average cash returns to the stockholders.

Overall, 59 hedge funds reported owning a stake in Chesapeake Energy Corporation (NASDAQ:CHK) at the end of Q1 2022.

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