5 Most Undervalued Natural Gas Stocks To Buy According To Hedge Funds

3. Chesapeake Energy Corporation (NASDAQ:CHK)

TTM PE Ratio as of November 8: 2.28

Number of Hedge Fund Holders: 44

Chesapeake Energy Corporation (NASDAQ:CHK) is an upstream oil and gas company and is headquartered in Oklahoma. The corporation has operations in Haynesville and Marcellus shales and is one of the most undervalued natural gas stocks to buy according to hedge funds.

On November 1, BofA lowered the price target on Chesapeake Energy Corporation (NASDAQ:CHK)’s stock to $141 from $147 and maintained a Buy rating. 

On October 31, Chesapeake Energy Corporation (NASDAQ:CHK) announced that its subsidiary, Chesapeake Energy Marketing L.L.C., has entered into a Heads of Agreement (HOA) with Vitol to supply 1 million tonnes of LNG per annum for 15 years. The purchase price will be indexed according to Japan Korea Marker, and the agreement’s target start date is in 2028.

On October 31, Chesapeake Energy Corporation (NASDAQ:CHK) released its third-quarter earnings result with a non-GAAP EPS of $1.09, which topped the estimates by $0.49. The company reported $506 million in net cash provided by operating activities and 3,495 MMcfe per day in total net production.

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