Chesapeake Utilities (CPK) Looks Good: Stock Adds 5.8% in Session

Chesapeake Utilities (CPK) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

Zacks Equity Research

Updated Wed, Oct 24, 2018, 9:02 AM

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Chesapeake Utilities Corporation CPK was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $79.79 to $84.56 in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Chesapeake Utilities currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Chesapeake Utilities Corporation Price

Chesapeake Utilities Corporation Price | Chesapeake Utilities Corporation Quote

A better-ranked stock in the Utility – Gas Distribution industry is National Fuel Gas Company NFG, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Chesapeake Utilities Corporation (CPK) : Free Stock Analysis Report

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