News stories about Crestwood Equity Partners (NYSE:CEQP) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Crestwood Equity Partners earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave press coverage about the pipeline company an impact score of 45.5965698545973 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Crestwood Announces Completion of US Salt, LLC Divestiture, Commissioning of Bear Den Gas Processing Plant Phase 1 in the Bakken, and Bear Den Gas Processing Plant Phase 2 … (businesswire.com)
- Crestwood Equity Partners LP: Crestwood Announces Completion of US Salt, LLC … (twst.com)
- Crestwood Announces Completion of US Salt, LLC Divestiture, Commissioning of Bear Den Gas Processing Plant … – Business Wire (press release) (businesswire.com)
- Crestwood Equity Partners upgraded to Buy at UBS – Seeking Alpha (seekingalpha.com)
- Crestwood Announces Completion of US Salt, LLC Divestiture, Commissioning of Bear Den Gas Processing Plant Phase 1 in the Bakken, and Bear Den Gas Processing Plant Phase 2 Expansion (finance.yahoo.com)
Several equities analysts have recently weighed in on the company. UBS upgraded Crestwood Equity Partners from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $27.00 in a report on Monday. Stifel Nicolaus set a $27.00 price objective on Crestwood Equity Partners and gave the company a “buy” rating in a report on Tuesday, October 31st. ValuEngine upgraded Crestwood Equity Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, BidaskClub cut Crestwood Equity Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $27.60.
Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, October 31st. The pipeline company reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.65). Crestwood Equity Partners had a negative return on equity of 3.34% and a negative net margin of 5.36%. The business had revenue of $955.60 million for the quarter, compared to the consensus estimate of $830.77 million. During the same quarter in the previous year, the business posted ($0.14) EPS. The company’s revenue for the quarter was up 62.6% on a year-over-year basis. equities analysts predict that Crestwood Equity Partners will post -1.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date was Monday, November 6th. Crestwood Equity Partners’s payout ratio is currently -85.11%.
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About Crestwood Equity Partners
Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.
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