Chesapeake Utilities Corporation (NYSE:CPK) has been downgraded to Hold in a report by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Chesapeake Utilities Corporation (NYSE:CPK) to Hold in a report released on 10/13/2016.
On 09/30/2016, Zacks Investment Research released a statement for Chesapeake Utilities Corporation (NYSE:CPK) bumped up the target price from $0.00 to $68.00. At the time, this indicated a possible upside of 0.11%.
Only yesterday Chesapeake Utilities Corporation (NYSE:CPK) traded 1.49% higher at $61.25. The company’s 50-day moving average is $61.85 and its 200-day moving average is $61.98. With the last stock price close down -1.18% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 108,417 shares of the stock were exchanged, up from an average trading volume of 74,289
Chesapeake Utilities Corporation has a P/E ratio of 22.26 with a one year low of $49.50 and a one year high of $67.88 Chesapeake Utilities Corporation’s market capitalization is currently $0.
Also covering Chesapeake Utilities Corporation's target, a total of 3 analysts have released a research note on CPK. The one year stock price target is $59.67 with 0 brokers rating the stock a strong buy, zero brokerages rating the stock a buy, three analysts rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 analysts rating the company a sell.
Brief Synopsis About Chesapeake Utilities Corporation (NYSE:CPK)
Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. It provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service. It operates through two segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment includes its natural gas distribution, natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution, propane wholesale marketing, natural gas marketing and natural gas supply, gathering and processing services, which are unregulated as to their rates and services. Also included in the Unregulated Energy segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning plumbing and electrical services.
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