Maxim Group Remains a Buy on Chesapeake Utilities Corp (CPK)

Maxim Group analyst Tate Sullivan maintained a Buy rating on Chesapeake Utilities Corp (CPKResearch Report) yesterday and set a price target of $110.00. The company’s shares closed last Monday at $93.93, close to its 52-week high of $97.00.

According to, Sullivan is a 1-star analyst with an average return of -2.0% and a 50.0% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Envision Solar International Inc, Capstone Turbine Corp, and BioHiTech Global Inc.

Currently, the analyst consensus on Chesapeake Utilities Corp is a Moderate Buy with an average price target of $104.00.

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Chesapeake Utilities Corp’s market cap is currently $1.54B and has a P/E ratio of 25.60. The company has a Price to Book ratio of 2.83.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPK in relation to earlier this year.

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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 Regulated Energy and Unregulated Energy segments. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity.