In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on Chesapeake Utilities Corp (CPK), with a price target of $100. The company’s shares closed yesterday at $81.54.
Sullivan commented:
“We maintain our above-consensus annual EPS estimates after energy delivery company CPK released initial 2019 capital expenditure guidance of $167M and increased the range of its total spending forecast for 2018 through 2022.”
According to TipRanks.com, Sullivan is a 2-star analyst with an average return of -0.5% and a 54.2% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and Aegion.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chesapeake Utilities Corp with a $93 average price target.
See today’s analyst top recommended stocks >>
Based on Chesapeake Utilities Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $5.54 million. In comparison, last year the company had a net profit of $26.1 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Chesapeake Utilities Corp. engages in the business of energy and utility services. It operates through the following segments: Regulated Energy; Unregulated Energy; and Other Businesses and Eliminations. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity.
