News coverage about Chesapeake Utilities Corporation (NYSE:CPK) has trended somewhat negative on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. 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 news sentiment score of -0.07 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 60 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Head to Head Analysis: Chesapeake Utilities Corporation (CPK) and Clean Energy Fuels Corp. (CLNE) (americanbankingnews.com)
- Chesapeake Energy Corporation Posted gains of 4.35% in the Last Trade (upbeacon.net)
- Chesapeake Utilities Corporation (CPK) Given Media Sentiment Score of 0.13 (frozenmail.net)
- Chesapeake Utilities Corporation (CPK) Downgraded to Hold at BidaskClub (americanbankingnews.com)
- Chesapeake Utilities Corp. : CPK-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 14, 2017 (finance.yahoo.com)
A number of equities research analysts have weighed in on CPK shares. Zacks Investment Research cut shares of Chesapeake Utilities Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. Royal Bank Of Canada started coverage on shares of Chesapeake Utilities Corporation in a research note on Wednesday, April 26th. They issued a “sector perform” rating and a $75.00 target price on the stock. Finally, BidaskClub downgraded shares of Chesapeake Utilities Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Chesapeake Utilities Corporation presently has a consensus rating of “Hold” and an average target price of $72.00.
Shares of Chesapeake Utilities Corporation (NYSE:CPK) traded down 0.67% on Tuesday, hitting $74.60. 41,750 shares of the stock traded hands. Chesapeake Utilities Corporation has a 52-week low of $57.43 and a 52-week high of $77.75. The stock’s 50 day moving average price is $73.71 and its 200 day moving average price is $69.14. The stock has a market cap of $1.22 billion, a P/E ratio of 27.28 and a beta of 0.28.
Chesapeake Utilities Corporation (NYSE:CPK) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by $0.29. Chesapeake Utilities Corporation had a return on equity of 10.08% and a net margin of 8.08%. The business had revenue of $185.20 million for the quarter, compared to analysts’ expectations of $159.70 million. During the same period in the previous year, the company earned $1.33 EPS. Chesapeake Utilities Corporation’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts expect that Chesapeake Utilities Corporation will post $2.99 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.325 per share. This is a positive change from Chesapeake Utilities Corporation’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, June 13th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 1.74%. Chesapeake Utilities Corporation’s dividend payout ratio is presently 47.97%.
In other Chesapeake Utilities Corporation news, Director Eugene H. Bayard bought 835 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was acquired at an average price of $71.80 per share, with a total value of $59,953.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Schimkaitis sold 6,375 shares of the company’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $72.00, for a total transaction of $459,000.00. The disclosure for this sale can be found here. Insiders have sold 7,668 shares of company stock valued at $550,910 in the last ninety days. Insiders own 5.36% of the company’s stock.
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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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