CPK Stock Summary and Trading Ideas (Chesapeake Utilities | NYSE:CPK)

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 April 18, 2024, CPK stock price climbed to $102.51 with 91,766 million shares trading.

CPK has a beta of 0.82, meaning it tends to be less sensitive to market movements. CPK has a correlation of 0.16 to the broad based SPY ETF.

CPK has a market cap of $2.28 billion. This is considered a Mid Cap stock.

Last quarter Chesapeake Utilities reported $185 million in Revenue and $1.64 earnings per share. This fell short of revenue expectation by $-49 million and exceeded earnings estimates by $.08.

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, FVD, IWM, VXF.

CPK has underperformed the market in the last year with a return of -19.3%, while the SPY ETF gained +22.3%. In the last 3 month period, CPK fell short of the market, returning +2.0%, while SPY returned +6.1%. However, in the most recent 2 weeks CPK has outperformed the stock market by returning -2.0%, while SPY returned -3.8%.

CPK support price is $99.31 and resistance is $102.19 (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.