Chesapeake Utilities Corporation (CPK) Is A Stock You Should Watch


As of Wednesday close, Chesapeake Utilities Corporation’s (NYSE:CPK) stock was up $0.55, moving up 0.46 percent to $119.17. The average number of shares traded per day over the past five days has been 93,700 shares. 4 times new highs have been achieved over the past 5 days, with a $6.17 gain in that time frame. In the last twenty days, the average volume was 85,580, while in the previous 50 days, it was 79,894.

Since last month, CPK stock retreated -2.73%. Shares of the company fell to $105.79 on 11/07/22, the lowest level in the past month. A 52-week high of $146.30 was reached on 01/03/22 after having rallying from a 52-week low of $105.79. Since the beginning of this year, CPK’s stock price has dropped by -18.27% or -$26.64, and marked a new high 1 time. However, the stock has declined by -18.54% since its 52-week high.

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CPK stock investors should be aware that Chesapeake Utilities Corporation (CPK) stock had its last reported insider trading activity 146 days ago on Jul 01. SCHIMKAITIS JOHN R, the Chair of the Board of the company, disposed of 2,500 shares for $129.75 on Jul 01. It resulted in a $324,365 divestment by the insider. SCHIMKAITIS JOHN R sold 2,500 shares at an average price of $139.02 on Apr 01. The insider now owns 87,354 shares following the transaction. On Jan 14, Director Hill Thomas P Jr sold 988 shares at $135.07 apiece. The transaction was valued at $133,449.

Valuation Metrics

Right now, Chesapeake Utilities Corporation (CPK) has a P/E ratio of about 24.52. The stock’s beta is 0.61. Besides these, the trailing price-to-sales (P/S) ratio of 3.15, the price-to-book (PB) ratio of 2.60.

The latest dividend of $0.5350 per share was paid out, remained unchanged from last year’s $0.5350. On Friday May 6 2022, a $0.0550 dividend increase was announced.

Financial Health

In the three months ended June 29, Chesapeake Utilities Corporation’s quick ratio stood at 0.40, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.72, and the total debt-to-equity ratio was 0.95. On the profitability front, the trailing twelve-month gross margin is 62.20% percent. In the year ended June 29, operating margins totaled 20.90%. Based on annual data, CPK earned $131.11 million in gross profit and brought in $569.97 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.50%. Return on equity (ROE) for the past 12 months was 10.80%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CPK’s revenue rose 18.09% to $139.47 million during the quarter, while net income inched up to $131.05 million. While analysts expected Chesapeake Utilities Corporation to report $0.83 quarterly earnings, the actual figure was $0.96 per share, beating the consensus estimate by 15.70%. During the quarter, the company generated $38.49 million in EBITDA. The liabilities of Chesapeake Utilities Corporation were 1.34 billion at the end of its most recent quarter ended June 29, and its total debt was $760.61 million. The value of shareholders’ equity is $17.74 million.

Technical Picture

This quick technical analysis looks at Chesapeake Utilities Corporation’s (CPK) price momentum. With a historical volatility rate of 10.31%, the RSI 9-day stood at 65.81% on 23 November.

With respect to its five-day moving average, the current Chesapeake Utilities Corporation price is up by +5.46% percent or $6.17. At present, CPK shares trade -3.50% below its 20-day simple moving average and -5.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.67% below its SMA50 and -9.75% below its SMA200.

Stochastic coefficient K was 82.44% and Stochastic coefficient D was 67.10%, while ATR was 3.10. Given the Stochastic reading of 95.03% for the 14-day period, the RSI (14) reading has been calculated as 56.91%. As of today, the MACD Oscillator reading stands at 4.06, while the 14-day reading stands at 6.47.

With a median target price of $129.50, the current consensus forecast for the stock is $110.00 – $144.00. Based on these forecasts, analysts predict Chesapeake Utilities Corporation (CPK) will achieve an average price target of $128.83.


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