Chesapeake Utilities Corporation (CPK) is Upgraded by Hilliard Lyons to Long-term Buy

Chesapeake Utilities Corporation (CPK) was Upgraded by Hilliard Lyons to ” Long-term Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Hilliard Lyons advised their investors in a research report released on Jun 24, 2016.

Many Wall Street Analysts have commented on Chesapeake Utilities Corporation. Chesapeake Utilities Corporation was Initiated by BB&T Capital Mkts to “Hold” on Jun 22, 2016.

On the company’s financial health, Chesapeake Utilities Corporation reported $1.33 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $1.50. The company had revenue of $146.30 million for the quarter, compared to analysts expectations of $183.20 million. The company’s revenue was down -14.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.44 EPS.

Chesapeake Utilities Corporation opened for trading at $58.58 and hit $59.59 on the upside on Tuesday, eventually ending the session at $59.25, with a gain of 0.78% or 0.46 points. The heightened volatility saw the trading volume jump to 38,803 shares. Company has a market cap of $907 M.

In a different news, on Mar 8, 2016, Elaine B. Bittner (Senior VP – Strategic Dev.) purchased 17 shares at $59.96 per share price. According to the SEC, on Mar 8, 2016, Beth W Cooper (Senior Vice President & CFO) purchased 3 shares at $59.96 per share price. On Mar 7, 2016, Thomas P Jr Hill (director) purchased 1,000 shares at $57.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Chesapeake Utilities Corporation (Chesapeake) is an energy company. The Company through its operating divisions and subsidiaries is engaged in various energy and other businesses. The Company provides natural gas distribution and transmission electric distribution and propane distribution service. The Company operates in Regulated Energy Unregulated Energy and Other. The Regulated Energy segment includes the Company’s natural gas distribution natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution propane wholesale marketing and natural gas marketing operations which are unregulated as to their rates and services. Other segment consists of unregulated subsidiaries that own real estate leased to Chesapeake.

Chesapeake Utilities Corporation

Leave a Reply

Chesapeake Utilities Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Chesapeake Utilities Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.