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Trade-Ideas LLC identified

Chesapeake Utilities

(

CPK

) as a new lifetime high 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 $7.7 million.
  • CPK has traded 44,529 shares today.
  • CPK is trading at a new lifetime high.

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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 22. Currently there are 3 analysts that rate Chesapeake Utilities a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Recommends

The average volume for Chesapeake Utilities has been 87,200 shares per day over the past 30 days. Chesapeake Utilities has a market cap of $948.6 million and is part of the utilities sector and utilities industry. The stock has a beta of 0.34 and a short float of 2.8% with 3.33 days to cover. Shares are up 14.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Chesapeake Utilities as a

buy

. 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:

  • The revenue growth came in higher than the industry average of 10.5%. 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.
  • Powered by its strong earnings growth of 50.00% and other important driving factors, this stock has surged by 27.35% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CPK should continue to move higher despite the fact that it has already enjoyed a very nice gain 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 494.71%.

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