Crestwood Equity Partners (CEQP) Trading 0% Higher

Crestwood Equity Partners LP (NYSE:CEQP) shares traded up 0% on Thursday . The company traded as high as $26.85 and last traded at $26.65. 617,953 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 348,375 shares. The stock had previously closed at $26.65.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised their target price on shares of Crestwood Equity Partners from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday. Wells Fargo & Co upgraded shares of Crestwood Equity Partners from a “market perform” rating to an “outperform” rating and increased their price target for the company from $28.00 to $32.00 in a research note on Thursday. ValuEngine upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. BidaskClub cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, UBS Group upgraded shares of Crestwood Equity Partners from a “neutral” rating to a “buy” rating and increased their price target for the company from $26.00 to $27.00 in a research note on Monday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Crestwood Equity Partners has an average rating of “Hold” and a consensus target price of $29.67.

The stock has a market capitalization of $1,873.26, a P/E ratio of -9.54 and a beta of 2.72. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.91.

Crestwood Equity Partners (NYSE:CEQP) last announced 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). The firm had revenue of $955.60 million during the quarter, compared to analyst estimates of $830.77 million. Crestwood Equity Partners had a negative net margin of 5.36% and a negative return on equity of 3.34%. The business’s revenue was up 62.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. sell-side analysts predict that Crestwood Equity Partners LP will post -1.61 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP lifted its stake in shares of Crestwood Equity Partners by 3.1% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,804,239 shares of the pipeline company’s stock worth $44,021,000 after buying an additional 53,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Crestwood Equity Partners by 21.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 916,230 shares of the pipeline company’s stock worth $22,448,000 after buying an additional 161,188 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Crestwood Equity Partners by 39.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 823,922 shares of the pipeline company’s stock worth $19,363,000 after buying an additional 234,660 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Crestwood Equity Partners during the 3rd quarter worth about $8,143,000. Finally, Catalyst Capital Advisors LLC lifted its stake in shares of Crestwood Equity Partners by 11.7% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 294,374 shares of the pipeline company’s stock worth $7,183,000 after buying an additional 30,828 shares during the last quarter. Institutional investors own 65.46% of the company’s stock.

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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.

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