Chesapeake Utilities Corporatio with ticker code (CPK) have now 7 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 162 and 126 calculating the average target price we see 141.86. Now with the previous closing price of 112.15 this would imply there is a potential upside of 26.5%. The 50 day MA is 128.28 and the 200 moving average now moves to 131.39. The company has a market capitalisation of $2,024m. Company Website: https://www.chpk.com
The potential market cap would be $2,560m based on the market concensus.
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland’s eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula 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; and 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. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
