Chesapeake Utilities Corp. Downgraded by Hilliard Lyons to Underperform (CPK)
Chesapeake Utilities Corp. (NYSE:CPK) was downgraded by equities researchers at Hilliard Lyons to an “underperform” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports.
Shares of Chesapeake Utilities Corp. (NYSE:CPK) traded down 0.83% during mid-day trading on Tuesday, hitting $59.71. 16,128 shares of the company’s stock traded hands. Chesapeake Utilities Corp. has a 52 week low of $46.64 and a 52 week high of $61.17. The stock has a 50-day moving average of $58.97 and a 200-day moving average of $55.78. The company has a market cap of $575.1 million and a price-to-earnings ratio of 17.67.
Chesapeake Utilities Corp. (NYSE:CPK) last announced its earnings results on Thursday, November 7th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $86.55 million for the quarter, compared to the consensus estimate of $74.50 million. Analysts expect that Chesapeake Utilities Corp. will post $3.41 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CPK. Analysts at Brean Capital downgraded shares of Chesapeake Utilities Corp. from a “buy” rating to a “hold” rating in a research note to investors on Friday, December 20th. They noted that the move was a valuation call.
Chesapeake Utilities Corporation (NYSE:CPK) is a utility company engaged in energy and other businesses.
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