Chesapeake Utilities

CPK · NYSE

$130.23+$1.30 (+1.01%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $128.93

CPK analyst rating

HoldConsensus of 3 analysts over the last 12 months. 33% rate it a buy.

Strong buy0
Buy1
Hold2
Underperform0
Sell0

12-month price target · 8 analysts

Average $151.03 (+16.0% upside)

Low: $137.36
Now: $130.23
High: $168.00

Upgrades and downgrades

The latest rating actions, newest first

CPK analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Equal-Weight	$136.00 → $134.00	51%
Wells Fargo	Sep 30, 2026	Maintains	Equal-Weight	$134.00 → $136.00	40%
Mizuho	Sep 11, 2026	Initiates	Outperform	$150.00	71%
Wells Fargo	Aug 10, 2026	Maintains	Equal-Weight	$132.00 → $134.00	40%
Wells Fargo	May 12, 2026	Initiates	Equal-Weight	$132.00	40%
Barclays	Apr 21, 2026	Maintains	Equal-Weight	$140.00 → $142.00	51%
Barclays	Feb 24, 2026	Maintains	Equal-Weight	$141.00 → $140.00	51%
Barclays	Oct 28, 2025	Maintains	Equal-Weight	$128.00 → $141.00	51%

The case for and against

Updated Nov 24, 2024

Bull case

Chesapeake Utilities Corp has demonstrated improved visibility on its financial plans, driven by operational efficiencies, post-FCG synergies, and steady customer growth which supports capital expenditure pull forwards. The company's propane segment has benefitted from sustained higher margins during warmer weather, alongside an overall increase in revenue growth and demand for its natural gas transmission and distribution services. Additionally, Chesapeake's strategic investments in renewable natural gas projects are positioned to enhance its sustainability profile while contributing positively to financial performance in the coming years.

Bear case

Chesapeake Utilities faces several fundamental risks that contribute to a negative outlook for its stock, including potential unfavorable regulatory outcomes across its operating regions. The company is encountering competitive pressures in its unregulated businesses, along with anticipated supply chain and regulatory delays projected for 2024, which could hinder performance. Additionally, the company grapples with commodity price fluctuations that could adversely impact margins in its unregulated segments, coupled with negative market sentiment towards gas assets that may further complicate its operational stability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.