Somewhat Positive News Coverage Somewhat Unlikely to Impact Crestwood Equity Partners (CEQP) Stock Price

News coverage about Crestwood Equity Partners (NYSE:CEQP) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Crestwood Equity Partners earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the pipeline company an impact score of 44.9698230727511 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of research analysts recently commented on the company. UBS Group upgraded Crestwood Equity Partners from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $27.00 in a research note on Monday, December 4th. Stifel Nicolaus set a $27.00 price objective on Crestwood Equity Partners and gave the stock a “buy” rating in a research note on Tuesday, October 31st. ValuEngine upgraded Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, BidaskClub downgraded Crestwood Equity Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.00.

Crestwood Equity Partners (CEQP) opened at $25.30 on Tuesday. The company has a market capitalization of $1,790.00, a price-to-earnings ratio of -8.97 and a beta of 2.50. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.75 and a current ratio of 0.94. Crestwood Equity Partners has a 52 week low of $20.00 and a 52 week high of $28.30.

Crestwood Equity Partners (NYSE:CEQP) last issued its quarterly earnings data on Tuesday, October 31st. The pipeline company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.65). The company had revenue of $955.60 million for the quarter, compared to the consensus estimate of $830.77 million. Crestwood Equity Partners had a negative return on equity of 3.34% and a negative net margin of 5.36%. Crestwood Equity Partners’s quarterly revenue was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.14) earnings per share. analysts anticipate that Crestwood Equity Partners will post -1.61 earnings per share for the current year.

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Crestwood Equity Partners Company Profile

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.

Insider Buying and Selling by Quarter for Crestwood Equity Partners (NYSE:CEQP)

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