Media coverage about Chesapeake Utilities Corporation (NYSE:CPK) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing 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 news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 79 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Chesapeake Utilities Corporation (CPK) Stock Rating Lowered by BidaskClub (footballhebdo.com)
- Chesapeake Utilities Corporation (NYSE:CPK) Receives $69.50 Average PT from Analysts (wobko.net)
- ETFs with exposure to Chesapeake Utilities Corp. : July 10, 2017 (finance.yahoo.com)
- Eight Flags Energy CHP Plant Honored With 2017 Southeastern Electric Exchange Industry Excellence Award (finance.yahoo.com)
A number of brokerages recently commented on CPK. BidaskClub cut Chesapeake Utilities Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Royal Bank Of Canada started coverage on Chesapeake Utilities Corporation in a research report on Wednesday, April 26th. They set a “sector perform” rating and a $75.00 price target on the stock. Finally, Zacks Investment Research cut Chesapeake Utilities Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $72.00.
Chesapeake Utilities Corporation (CPK) traded down 0.13% during mid-day trading on Friday, hitting $75.60. The stock had a trading volume of 59,824 shares. Chesapeake Utilities Corporation has a 1-year low of $57.63 and a 1-year high of $77.75. The company has a 50-day moving average price of $74.34 and a 200 day moving average price of $69.63. The company has a market cap of $1.23 billion, a P/E ratio of 27.90 and a beta of 0.27.
Chesapeake Utilities Corporation (NYSE:CPK) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $1.17 EPS for the quarter, missing the consensus estimate of $1.46 by $0.29. The business had revenue of $185.20 million for the quarter, compared to the consensus estimate of $159.70 million. Chesapeake Utilities Corporation had a return on equity of 10.08% and a net margin of 8.08%. The company’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 earnings per share. Equities research analysts forecast that Chesapeake Utilities Corporation will post $2.99 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 15th were paid a $0.325 dividend. The ex-dividend date was Tuesday, June 13th. This represents a $1.30 dividend on an annualized basis and a yield of 1.72%. This is a positive change from Chesapeake Utilities Corporation’s previous quarterly dividend of $0.31. Chesapeake Utilities Corporation’s dividend payout ratio is 47.97%.
In other news, VP Elaine B. Bittner sold 700 shares of the firm’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $72.00, for a total transaction of $50,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO P. Mcmasters Michael sold 5,500 shares of Chesapeake Utilities Corporation stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $74.56, for a total transaction of $410,080.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,575 shares of company stock worth $919,480. 5.36% of the stock is owned by company insiders.
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About Chesapeake Utilities Corporation
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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