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Thursday, April 26, 2012

Undervalued Stock Detected (NYSE: CHK)

Shares of CHK traded higher by 1.77% or $0.32/share to $18.45. NYSE is trading at a price to book ratio of 0.86. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 0.93 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.0. Thus, the company is not very expensive in terms of its sales. On average, 18192700 shares of CHK exchange hands on a given day and today's volume is recorded at 7330627. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company.