Trade-Ideas LLC identified

Chesapeake Utilities



) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Chesapeake Utilities as such a stock due to the following factors:

  • CPK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.1 million.
  • CPK has traded 55,166 shares today.
  • CPK is trading at 5.82 times the normal volume for the stock at this time of day.
  • CPK is trading at a new low 3.72% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on CPK:

Chesapeake Utilities Corporation operates as a diversified energy company. The company operates in three segments: Regulated Energy, Unregulated Energy, and Other. The stock currently has a dividend yield of 1.9%. CPK has a PE ratio of 21. Currently there are 4 analysts that rate Chesapeake Utilities a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Chesapeake Utilities has been 62,900 shares per day over the past 30 days. Chesapeake Utilities has a market cap of $920.8 million and is part of the utilities sector and utilities industry. The stock has a beta of 0.60 and a short float of 2% with 3.89 days to cover. Shares are up 21.3% year-to-date as of the close of trading on Wednesday.

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TheStreet Quant Ratings

rates Chesapeake Utilities as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • CPK's revenue growth has slightly outpaced the industry average of 9.0%. Since the same quarter one year prior, revenues slightly increased by 0.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • CHESAPEAKE UTILITIES CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CHESAPEAKE UTILITIES CORP increased its bottom line by earning $2.48 versus $2.26 in the prior year. This year, the market expects an improvement in earnings ($2.85 versus $2.48).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Gas Utilities industry. The net income increased by 60.9% when compared to the same quarter one year prior, rising from $3.18 million to $5.12 million.
  • Net operating cash flow has significantly increased by 77.79% to $10.91 million when compared to the same quarter last year. Despite an increase in cash flow of 77.79%, CHESAPEAKE UTILITIES CORP is still growing at a significantly lower rate than the industry average of 525.29%.

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