Chesapeake Utilities (CPK) Expected to Announce Quarterly Earnings on Wednesday

Chesapeake Utilities (NYSE:CPK) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.67 per share and revenue of $237.84 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Chesapeake Utilities Stock Performance

Shares of Chesapeake Utilities stock opened at $124.63 on Tuesday. The company has a current ratio of 0.38, a quick ratio of 0.32 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $121.75 and a two-hundred day moving average price of $122.11. Chesapeake Utilities has a 1-year low of $98.25 and a 1-year high of $134.20. The company has a market cap of $2.84 billion, a P/E ratio of 25.28 and a beta of 0.65.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPK. Guggenheim raised their target price on Chesapeake Utilities from $118.00 to $129.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. StockNews.com upgraded Chesapeake Utilities from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $123.00.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida.