Shares of Crestwood Equity Partners LP (NYSE:CEQP) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.83.
A number of brokerages have weighed in on CEQP. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. TheStreet downgraded Trinity Industries from a “b” rating to a “c” rating in a research report on Thursday, April 25th. Finally, Wells Fargo & Co set a $162.00 price target on Jazz Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, March 19th.
Several large investors have recently modified their holdings of CEQP. First Trust Advisors LP grew its stake in Crestwood Equity Partners by 139.9% during the 4th quarter. First Trust Advisors LP now owns 127,778 shares of the pipeline company’s stock worth $3,566,000 after buying an additional 74,520 shares during the last quarter. Tibra Equities Europe Ltd bought a new position in shares of Crestwood Equity Partners in the fourth quarter worth $318,000. Hsbc Holdings PLC bought a new position in shares of Crestwood Equity Partners in the fourth quarter worth $2,640,000. Tortoise Index Solutions LLC grew its stake in shares of Crestwood Equity Partners by 109.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 17,609 shares of the pipeline company’s stock worth $491,000 after purchasing an additional 9,220 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in shares of Crestwood Equity Partners by 12.6% in the fourth quarter. Cohen & Steers Inc. now owns 369,746 shares of the pipeline company’s stock worth $10,320,000 after purchasing an additional 41,496 shares in the last quarter. Institutional investors own 72.72% of the company’s stock.
Crestwood Equity Partners (NYSE:CEQP) last announced its quarterly earnings results on Tuesday, April 30th. The pipeline company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.21). The business had revenue of $835.20 million for the quarter, compared to analyst estimates of $879.87 million. Crestwood Equity Partners had a return on equity of 2.79% and a net margin of 0.47%. Crestwood Equity Partners’s quarterly revenue was down 25.1% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. On average, analysts forecast that Crestwood Equity Partners will post 0.55 earnings per share for the current year.
About Crestwood Equity Partners
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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