Chesapeake Utilities (CPK) Receives a Buy from Maxim Group – TipRanks Financial Blog

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Chesapeake Utilities (CPKResearch Report), with a price target of $148.00. The company’s shares closed yesterday at $99.82.

According to TipRanks, Sullivan is a 5-star analyst with an average return of 15.9% and a 46.27% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Performance Shipping, Euroseas, and Top Ships.

Currently, the analyst consensus on Chesapeake Utilities is a Moderate Buy with an average price target of $120.25.

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Based on Chesapeake Utilities’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $185.34 million and a net profit of $25.33 million. In comparison, last year the company earned a revenue of $187.3 million and had a net profit of $26.15 million

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Chesapeake Utilities (CPK) Company Description:

Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity; and generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

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