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

Maxim Group analyst Tate Sullivan maintained a Buy rating on Chesapeake Utilities (CPKResearch Report) yesterday and set a price target of $162.00. The company’s shares closed last Thursday at $128.53.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 19.1% and a 45.0% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Seanergy Maritime.

The word on The Street in general, suggests a Hold analyst consensus rating for Chesapeake Utilities with a $138.67 average price target.

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Based on Chesapeake Utilities’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $160 million and net profit of $22.71 million. In comparison, last year the company earned revenue of $137 million and had a net profit of $22.35 million.

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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.

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