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Actionable news in CHK: CHESAPEAKE ENERGY Corp,

One Reason Chesapeake Energy (CHK) Stock is Tumbling Today

NEW YORK (TheStreet) -- Shares of Chesapeake Energy (CHK - Get Report) are falling by 7.71% to $5.27 on Friday afternoon, as analysts at Barclays said the stock is still worth $1 per share despite yesterday's solid earnings results and asset sales.

"Asset sales, a stronger outlook for cash flow and falling debt improve CHK's outlook - but do not justify a premium multiple to peers. CHK reported strong Q1 results along with a $470 million asset sale," the firm wrote in a note.

The Oklahoma City-based natural gas and oil company has now announced $1.2 billion of asset sales this year, with only a modest negative impact on production, Barclays added.

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