Insider Trading Update: Chesapeake Utilities Corporation $CPK

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Chesapeake Utilities Corporation (NYSE:CPK) insider have most recently took part in a trading activity. On Dec 21, 2017 Hill Thomas P Jr, Director bought 1,000 shares having total worth of $75,620 at the price of $75.62 per share, following the transaction a total of 29,979 shares owned by Hill Thomas P Jr.

Furthermore, over the past 12 months , the stock was traded 9 times by insiders. In 8 of these trades, the insider was a seller while an employee of the company was the buyer in 1 instances.

Shares of Chesapeake Utilities Corporation (NYSE:CPK) traded up 1.92% on Dec 22, 2017, hitting $76.8. 47,020 shares of the company’s stock traded hands. Chesapeake Utilities Corporation has a 52 week low of $58.18 and a 52 week high of $85.55. The company’s market cap is $963 million.

Chesapeake Utilities Corporation (NYSE:CPK) last announced its earnings results on Nov 9, 2017. The company reported 0.42 earnings per share (EPS) for the quarter, higher than the consensus estimate of 0.35 by $0.07. The company had revenue of $127 million for the quarter, compared to the consensus estimate of $124 million. During the same quarter in the previous year, the company posted 0.29 earnings per share. The company’s revenue for the quarter was up 17% on a year-over-year basis.

2017-11-09 2017-08-03 2017-05-03 2017-02-28 2016-11-03 2016-08-04 2016-05-04 2016-02-25 2015-11-05 2015-08-06
earnings per share 0.42 0.37 1.17 0.73 0.29 0.52 1.33 0.56 0.33 0.35
Revenue(M) 126.94 125.08 185.16 141.87 108.35 102.34 146.3 104.57 91.91 92.68

Chesapeake Utilities Corp is a Delaware corporation that was formed in 1947. It is a utility company, which is involved directly, or through subsidiaries, in natural gas distribution, transmission and marketing, propane distribution and wholesale marketing, advanced information services and other related businesses. It is composed of four operating segments namely Natural Gas, which includes regulated natural gas distribution and transmission operations and also a non-regulated natural gas marketing operation; Propane, which includes non-regulated propane distribution and wholesale marketing operations; Advanced Information Services, which provides domestic and international clients with information-technology-related business services and solutions for both enterprise and e-business applications; and Other, which consists mainly of non-regulated operations that own real estate leased to other Company subsidiaries. It conducts its natural gas distribution operations under three divisions namely Delaware, Maryland, and Florida, which are based in their respective service territories. It distributes natural gas to residential, commercial and industrial customers in central and southern Delaware, the Salisbury and Cambridge areas on Maryland’s Eastern Shore, and parts of Florida. These activities are conducted through three utility divisions, one in Delaware, and another in Maryland and a third in Florida. Propane is a form of liquefied petroleum gas, which is typically extracted from natural gas or separated during the crude oil refining process. The Company’s retail propane distribution group consists of: Sharp Energy, Inc., Sharpgas, Inc., and Tri-County Gas Co., Inc. The Company’s propane distribution operations purchase propane mainly from suppliers, including major oil companies, independent producers of natural gas liquids and from Xeron. Supplies of propane from these and other sources are readily available for purchase by the Company. The Company’s advanced information services segment consists of BravePoint, Inc. headquartered in Norcross, Georgia, which provides domestic and international clients with information-technology-related business services and solutions for both enterprise and e-business applications.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.