Chesapeake Midstream Partners L.P. Stock Downgraded (CHKM)

NEW YORK (TheStreet) -- Chesapeake Midstream Partners (NYSE:CHKM) has been downgraded by TheStreet Ratings from hold to sell. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

• CHKM has underperformed the S&P 500 Index, declining 10.18% from its price level of one year ago. Looking ahead, we do not see anything in this company's numbers that would change the one-year trend. It was down over the last twelve months; and it could be down again in the next twelve. Naturally, a bull or bear market could sway the movement of this stock.
• CHESAPEAKE MIDSTREAM PRTNRS has improved earnings per share by 41.7% in the most recent quarter compared to the same quarter a year ago. For the next year, the market is expecting a contraction of 7.1% in earnings ($1.30 versus $1.40).
• In comparison to the other companies in the Oil, Gas & Consumable Fuels industry and the overall market, CHESAPEAKE MIDSTREAM PRTNRS's return on equity is significantly below that of the industry average and is below that of the S&P 500.
• The gross profit margin for CHESAPEAKE MIDSTREAM PRTNRS is rather high; currently it is at 69.10%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 34.40% significantly outperformed against the industry average.
• Net operating cash flow has increased to $92.51 million or 32.69% when compared to the same quarter last year. In addition, CHESAPEAKE MIDSTREAM PRTNRS has also modestly surpassed the industry average cash flow growth rate of 30.71%.

Chesapeake Midstream Partners, L.P. owns, operates, develops, and acquires natural gas gathering systems and other midstream energy assets in the United States. Chesapeake Midstream has a market cap of $1.8 billion and is part of the basic materials sector and energy industry. Shares are down 8.4% year to date as of the close of trading on Wednesday.

You can view the full Chesapeake Midstream Ratings Report or get investment ideas from our investment research center.

 

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