News headlines about Chesapeake Utilities Corporation (NYSE:CPK) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chesapeake Utilities Corporation earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.1773981164061 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
A number of equities research analysts have commented on the company. BidaskClub upgraded Chesapeake Utilities Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada assumed coverage on Chesapeake Utilities Corporation in a report on Wednesday, April 26th. They set a “sector perform” rating and a $75.00 target price on the stock. Finally, Zacks Investment Research cut Chesapeake Utilities Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $72.25.
Chesapeake Utilities Corporation (NYSE:CPK) traded down 0.06% during midday trading on Friday, hitting $78.95. The stock had a trading volume of 43,659 shares. The stock has a market cap of $1.29 billion, a PE ratio of 30.70 and a beta of 0.27. The firm has a 50 day moving average price of $77.41 and a 200 day moving average price of $72.43. Chesapeake Utilities Corporation has a one year low of $57.63 and a one year high of $80.33.
Chesapeake Utilities Corporation (NYSE:CPK) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.18. The business had revenue of $125.08 million during the quarter, compared to the consensus estimate of $116.50 million. Chesapeake Utilities Corporation had a return on equity of 9.18% and a net margin of 7.40%. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.52 earnings per share. Equities analysts expect that Chesapeake Utilities Corporation will post $2.85 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Friday, September 15th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, September 14th. Chesapeake Utilities Corporation’s dividend payout ratio is 50.78%.
In related news, CEO P. Mcmasters Michael sold 5,500 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $74.56, for a total value of $410,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.36% of the stock is currently owned by corporate insiders.
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Chesapeake Utilities Corporation Company Profile
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Company provides natural gas distribution and transmission; natural gas supply, gathering, processing and marketing; electric distribution and generation; propane distribution; propane and crude oil wholesale marketing; steam generation, and other energy-related services.
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