5 NASDAQ Stocks with Lowest PE Ratios

2. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Investors In Q2 2023: 44

Latest P/E Ratio: 2.01

Chesapeake Energy Corporation (NASDAQ:CHK) is another American oil exploration company. A steep drop in natural gas prices caused a massive $846 million drop in its second quarter profits, but on a positive note, it was added to the S&P500 Midcap Index in August.

As of this year’s second quarter, 44 out of the 910 hedge funds part of Insider Monkey’s research had bought and owned the firm’s shares. Chesapeake Energy Corporation (NASDAQ:CHK)’s biggest investor is Howard Marks’ Oaktree Capital Management through owning $615 million worth of shares.

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