Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Crestwood Equity Partners (CEQP) Share Price

News headlines about Crestwood Equity Partners (NYSE:CEQP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crestwood Equity Partners earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the pipeline company an impact score of 45.5792798072088 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Crestwood Equity Partners (CEQP) opened at $25.40 on Tuesday. The company has a market capitalization of $1,790.00, a price-to-earnings ratio of -9.01 and a beta of 2.49. Crestwood Equity Partners has a 52 week low of $20.00 and a 52 week high of $28.30. 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 (NYSE:CEQP) last released its quarterly earnings results on Tuesday, October 31st. The pipeline company reported ($0.72) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.65). The firm had revenue of $955.60 million during the quarter, compared to analysts’ expectations of $830.77 million. Crestwood Equity Partners had a negative return on equity of 3.34% and a negative net margin of 5.36%. The business’s quarterly revenue was up 62.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.14) earnings per share. equities research analysts anticipate that Crestwood Equity Partners will post -1.61 earnings per share for the current year.

Several analysts have commented on CEQP shares. UBS Group upgraded Crestwood Equity Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $27.00 in a research note on Monday, December 4th. ValuEngine upgraded Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus set a $27.00 target price on Crestwood Equity Partners and gave the company a “buy” 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 investment 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’s stock. Crestwood Equity Partners currently has an average rating of “Buy” and an average price target of $27.00.

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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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