
Chesapeake Utilities (CPK) Stock Forecast & Price Target
Chesapeake Utilities (CPK) Analyst Ratings
Bulls say
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.
Bears say
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.
This aggregate rating is based on analysts' research of Chesapeake Utilities and is not a guaranteed prediction by Public.com or investment advice.
Chesapeake Utilities (CPK) Analyst Forecast & Price Prediction
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