Chesapeake Utilities (CPK) Gets a Buy Rating from Maxim Group

By Ryan Adsit

Maxim Group analyst Tate Sullivan maintained a Buy rating on Chesapeake Utilities (CPKResearch Report) today and set a price target of $115.00. The company’s shares closed last Thursday at $84.47.

According to TipRanks.com, Sullivan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -16.4% and a 27.8% success rate. Sullivan covers the Services sector, focusing on stocks such as Natural Gas Services Group, Recon Technology, and ABM Industries.

Currently, the analyst consensus on Chesapeake Utilities is a Moderate Buy with an average price target of $102.00.

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The company has a one-year high of $101.29 and a one-year low of $69.48. Currently, Chesapeake Utilities has an average volume of 67.52K.

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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.