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Published: Wed, December 07, 2016
Economy | By Melissa Porter

Chesapeake Energy to sell Louisiana assets for $450 million

Chesapeake Energy to sell Louisiana assets for $450 million

Tudor Pickering raised Chesapeake Energy Corp. from a hold rating to a buy rating in a research report on Thursday, July 21st. The company's revenue was up 17.5% compared to the same quarter a year ago. Wells Fargo Commerce Mn has 0% invested in the company for 13,465 shares.

When we have a peek on stock's historical trends we come to know that, the stock has climbed 9.71% in the past one week and soared 36.16% during previous one month drive, the stock went up 9.55% during past quarter.

Furthermore, Chesapeake has made significant headway in improving its capital structure during the quarter. BlackRock Fund Advisors now owns 11,465,865 shares of the oil and gas exploration company's stock valued at $71,891,000 after buying an additional 553,434 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Chesapeake Utilities Corp. during the third quarter worth approximately $114,000. In accordance with Chesapeake's current performance, latest guidance, and market trends, we have revised the company's price estimate to $8 per share. Finally, Icon Advisers Inc. Taking into consideration these divestments, the company expects its oil production to grow around 10% over the next one year and 20% in the subsequent year.

TRADEMARK VIOLATION NOTICE: "Chesapeake Energy Corp". Chesapeake Utilities Corporation (NYSE:CPK) has risen 6.71% since May 3, 2016 and is uptrending. Cash will be paid in lieu of issuing any fractional shares of Class A Common Stock. The firm's market cap is $5.54 billion. It has a past 5-day performance of 17.98 percent and trades at an average volume of 55.49M shares.

Chesapeake Energy Corporation (NYSE:CHK) reported its last earnings on 11/03/2016.

Recently analysts working for numerous investment brokerages have updated their research report ratings and price targets on shares of Chesapeake Energy Corporation (NYSE:CHK). The analysts estimated sales for the higher end at 2158.19 million and lower end at 1995.25 million while the year ago reported sale was 2798.41 million.

The company, which has been trying to reduce its crippling debt load of almost $9 billion, expects the transaction to close in the first quarter of 2017.

COPYRIGHT VIOLATION NOTICE: "Chesapeake Utilities Corp". If you are accessing this article on another site, it was copied illegally and reposted in violation of United States & global copyright laws. (NYSE:CPK) in a research report issued to clients and investors on Friday. Analyst's mean target price for SLB is $93.41 while analysts mean recommendation is 1.90. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell.

Chesapeake Energy Corp. next month will begin using a new logo created to reflect changes in the company and the oil and natural gas industry, the company said Friday. There was another key research note provided by RBC Capital Mkts on Tuesday October 25, 2016. The stock presently has an average rating of Hold and a consensus price target of $69.00. The shares were bought at an average cost of $6.07 per share, for a total transaction of $2,124,500.00. The corporation holds 226.90 million outstanding shares and its 223.58 million shares were floated in the market. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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