Maxim Group Reaffirms Their Buy Rating on Chesapeake Utilities Corp (CPK)


Maxim Group analyst Tate Sullivan maintained a Buy rating on Chesapeake Utilities Corp (CPK) today and set a price target of $100. The company’s shares closed yesterday at $88.16.

Sullivan noted:

“After marketing with management earlier this week, we continue to recommend buying CPK shares based in part on a unique energy delivery business mix that includes ownership of an interstate natural gas pipeline.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 7.2% and a 69.0% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.

Currently, the analyst consensus on Chesapeake Utilities Corp is a Moderate Buy with an average price target of $93.

See today’s analyst top recommended stocks >>

The company has a one-year high of $93.40 and a one-year low of $66.35. Currently, Chesapeake Utilities Corp has an average volume of 59.85K.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts