Chesapeake Utilities Corporatio with ticker code (CPK) have now 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 148 and 112 and has a mean target at 135.14. With the stocks previous close at 129.37 this would imply there is a potential upside of 4.5%. The 50 day moving average now sits at 122.69 while the 200 day moving average is 124.17. The company has a market capitalisation of $2,262m. Visit the company website at: https://www.chpk.com
The potential market cap would be $2,363m 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 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.
