Chesapeake Utilities Corporatio which can be found using ticker (CPK) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 148 and 116 and has a mean target at $135.43. Given that the stocks previous close was at $129.55 this would indicate that there is a potential upside of 4.5%. The day 50 moving average is $126.20 and the 200 day moving average is $124.04. The company has a market cap of $2,310m. Company Website: https://www.chpk.com
The potential market cap would be $2,414m based on the market consensus.
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland’s eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States; and project development activities. This segment is also involved in the provision of other unregulated services, such as energy-related merchandise sale and heating, ventilation and air conditioning, and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
The company has a dividend yield of 1.65% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 25.78, revenue per share of 38.41 and a 4.16% return on assets.
