Crestwood Equity Partners LP (NYSE:CEQP) has been given an average rating of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $33.40.
A number of research firms recently commented on CEQP. Stifel Nicolaus lowered their price target on shares of Crestwood Equity Partners from $32.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, May 2nd. ValuEngine raised shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Barclays lifted their price target on shares of Crestwood Equity Partners from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, June 12th. Goldman Sachs Group cut shares of Crestwood Equity Partners from a “buy” rating to a “neutral” rating and lowered their target price for the company from $34.00 to $32.00 in a report on Tuesday. Finally, TheStreet raised shares of Crestwood Equity Partners from a “d+” rating to a “c” rating in a report on Tuesday, May 1st.
Shares of NYSE:CEQP traded up $0.05 during mid-day trading on Monday, reaching $31.75. The company had a trading volume of 173,096 shares, compared to its average volume of 846,354. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $2.26 billion, a PE ratio of -27.37, a price-to-earnings-growth ratio of 45.29 and a beta of 2.38. Crestwood Equity Partners has a one year low of $22.15 and a one year high of $35.65.
Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, May 1st. The pipeline company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.27. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Crestwood Equity Partners had a negative net margin of 3.98% and a negative return on equity of 2.10%. Crestwood Equity Partners’s revenue was up 34.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.62) EPS. research analysts predict that Crestwood Equity Partners will post 0.14 earnings per share for the current year.
In other Crestwood Equity Partners news, SVP Joel Christian Lambert sold 6,100 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $33.30, for a total transaction of $203,130.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 36.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of CEQP. Envestnet Asset Management Inc. bought a new stake in Crestwood Equity Partners during the 4th quarter valued at $196,000. Raymond James Financial Services Advisors Inc. bought a new stake in Crestwood Equity Partners during the 4th quarter valued at $279,000. BlackRock Inc. raised its holdings in Crestwood Equity Partners by 223.8% during the 4th quarter. BlackRock Inc. now owns 12,226 shares of the pipeline company’s stock valued at $315,000 after acquiring an additional 8,450 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Crestwood Equity Partners during the 4th quarter valued at $629,000. Finally, Raymond James & Associates raised its holdings in Crestwood Equity Partners by 46.1% during the 4th quarter. Raymond James & Associates now owns 50,785 shares of the pipeline company’s stock valued at $1,310,000 after acquiring an additional 16,015 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.
Crestwood Equity Partners Company Profile
Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services.
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