Chesapeake Utilities Presents Future Outlook at AGA Forum
TipRanks (Fri, 17-May 5:22 PM ET)
Chesapeake Utilities (CPK) Receives a Rating Update from a Top Analyst
TipRanks (Thu, 16-May 9:45 PM ET)
CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2024 RESULTS
PRNewswire (Wed, 8-May 4:30 PM ET)
Chesapeake Utilities Corporation Raises Dividend by 8.5 Percent
PRNewswire (Wed, 8-May 2:00 PM ET)
Chesapeake Utilities Corporation Gains Approval to Establish Energy Efficiency Programs in Delaware
PRNewswire (Mon, 22-Apr 8:30 AM ET)
Chesapeake Utilities Corporation Names Head of Investor Relations
PRNewswire (Thu, 18-Apr 4:30 PM ET)
PRNewswire (Wed, 17-Apr 4:04 PM ET)
Chesapeake Utilities Corporation Releases 2023 Safety and Reliability Report
PRNewswire (Tue, 16-Apr 4:30 PM ET)
CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2023 RESULTS
PRNewswire (Wed, 21-Feb 4:45 PM ET)
Chesapeake Utilities Corp is a diversified energy delivery company that is engaged in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions and other businesses. The company operates in two reportable segments, Regulated Energy and Unregulated Energy. The company's natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC. Eastern Shore, its natural gas transmission subsidiary, is subject to regulation by the FERC and Peninsula Pipeline and Aspire Energy Express, its intrastate pipeline subsidiaries, are subject to regulation by the Florida PSC and Public Utilities Commission of Ohio, respectively.
Chesapeake Utilities trades on the NYSE stock market under the symbol CPK.
As of May 21, 2024, CPK stock price declined to $112.26 with 84,565 million shares trading.
CPK has a beta of 0.73, meaning it tends to be less sensitive to market movements. CPK has a correlation of 0.14 to the broad based SPY ETF.
CPK has a market cap of $2.50 billion. This is considered a Mid Cap stock.
Last quarter Chesapeake Utilities reported $246 million in Revenue and $2.10 earnings per share. This fell short of revenue expectation by $-14 million and missed earnings estimates by -$.02.
In the last 3 years, CPK stock traded as high as $146.30 and as low as $83.80.
The top ETF exchange traded funds that CPK belongs to (by Net Assets): IJR, VTI, IWM, FVD, VXF.
CPK has underperformed the market in the last year with a price return of -8.8% while the SPY ETF gained +28.5%. However, in the short term, CPK had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.5% vs +7.3% return in SPY. But in the last 2 weeks, CPK shares have been beat by the market, returning +2.4% compared to an SPY return of +2.9%.
CPK support price is $110.54 and resistance is $114.26 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CPK stock will trade within this expected range on the day.