Chesapeake Utilities (NYSE:CPK) posted its quarterly earnings results on Thursday. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.15), Fidelity Earnings reports. Chesapeake Utilities had a net margin of 9.68% and a return on equity of 10.75%.
Chesapeake Utilities stock traded up $0.11 during mid-day trading on Friday, hitting $82.64. The stock had a trading volume of 69,500 shares, compared to its average volume of 59,650. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 28.60, a P/E/G ratio of 4.00 and a beta of 0.09. Chesapeake Utilities has a 12 month low of $66.35 and a 12 month high of $93.09. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 0.48.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 7th. Investors of record on Friday, December 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, December 13th. Chesapeake Utilities’s dividend payout ratio is 51.21%.
Several equities analysts recently issued reports on CPK shares. Janney Montgomery Scott upgraded Chesapeake Utilities from a “neutral” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, August 13th. ValuEngine upgraded Chesapeake Utilities from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Finally, Wells Fargo & Co raised their price target on Chesapeake Utilities from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, September 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $88.33.
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Chesapeake Utilities Company Profile
Chesapeake Utilities Corporation, a diversified energy company, engages in regulated and unregulated energy businesses. The company operates in two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the distribution of natural gas in Delaware, Maryland, and Florida; distribution of electricity in Florida; and transmission of natural gas on the Delmarva Peninsula and in Florida.
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