Chesapeake Utilities Corp. CPK Stock Analysis

Chesapeake Utilities Corp. stock trades under the ticker CPK & has shown recent bullishness that traders & investors should research further into.

CPK stock closed at $129.22/share on 9/19/2022.

Chesapeake Utilities Corp. CPK Stock’s Technical Performance Broken Down

Chesapeake Utilities Corp. CPK Stock's Technical Performance Over The Last Year

CPK Stock Price: $129.22

10 Day Moving Average: $127.54

50 Day Moving Average: $130.24

200 Day Moving Average: $131.49

RSI: 50.25

MACD: -0.96

Yesterday, CPK stock completed a bullish MACD crossover, settling ~1% below its 50 day moving average.

Recent trading volumes have been about average compared to the year prior, and their RSI is neutral, signaling that there may be more upwards momentum in the near-term.

They have support at the $124.12 & $122.82/share price level, as they try to break above the $129.68 & $131.50/share resistance levels.

Chesapeake Utilities Corp. CPK Stock As A Long-Term Investment

Long-term oriented investors will like CPK stock’s valuation metrics, with a 25.54 P/E (ttm) & a 2.79 P/B (mrq).

They recently reported 25.6% Quarterly Revenue Growth Y-o-Y, with 23.4% Quarterly Earnings Growth Y-o-Y.

Their balance sheet will require a closer review before investing, with $4.19M of Total Cash (mrq) & $760.61M of Total Debt (mrq).

CPK stock pays a 1.54% dividend, which appears stable in the long-run, as their payout ratio is 39.34%.

75.93% of CPK stock’s outstanding share float is owned by institutional investors.

Chesapeake Utilities Corp. CPK Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to profit from CPK stock’s price movements, while protecting their portfolio from market volatility.

I am looking at the contracts with the 12/16 expiration date.

The $125 calls are in-the-money, with the $130 & $140 also having open interest, but being out-of-the-money.

The $130 puts are also in-the-money.

I expect to see more open interest levels as time passes, but the October & November expiration dates are also both very illiquid.

Tying It All Together

CPK stock has many interesting characteristics that traders & investors are sure to find appealing.

Investors will like their dividend yield & valuation metrics, but may want to research their balance sheet structure more thoroughly.

Traders will like their current technical resilience, but will be disappointed by the liquidity of their options.

All-in-all, it is worth taking a closer look into how CPK stock fits into your portfolio strategy.