Media headlines about Crestwood Equity Partners (NYSE:CEQP) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Crestwood Equity Partners earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the pipeline company an impact score of 45.2193826941561 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Joel Christian Lambert Sells 6,927 Shares of Crestwood Equity Partners LP (NYSE:CEQP) Stock (americanbankingnews.com)
- Crestwood Equity Partners LP (NYSE:CEQP) Experiences Lighter than Usual Trading Volume (highlightpress.com)
- Crestwood Equity Partners LP (CEQP) Presents At Goldman Sachs Power, Utilities, MLPs, and Pipeline Conference – Slideshow (seekingalpha.com)
- Midstream Stock Yields 9.5%, 60% Upside, Solid Dividend Coverage And Growth Potential (seekingalpha.com)
- Crestwood Equity Partners LP (CEQP) Needle Moving -2.17% – Evergreen Caller (evergreencaller.com)
CEQP has been the subject of a number of research analyst reports. Stifel Nicolaus raised shares of Crestwood Equity Partners from a “hold” rating to a “buy” rating and upped their price objective for the company from $27.00 to $28.00 in a research note on Wednesday, August 2nd. BidaskClub raised shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, ValuEngine downgraded shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Crestwood Equity Partners currently has an average rating of “Hold” and an average price target of $27.40.
Crestwood Equity Partners (NYSE CEQP) traded up 1.41% during mid-day trading on Friday, reaching $25.10. 235,259 shares of the company were exchanged. The company’s market cap is $1.75 billion. Crestwood Equity Partners has a 12 month low of $18.51 and a 12 month high of $28.30. The stock’s 50-day moving average is $24.06 and its 200-day moving average is $24.92.
Crestwood Equity Partners (NYSE:CEQP) last posted its quarterly earnings results on Tuesday, August 1st. The pipeline company reported ($0.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.23. Crestwood Equity Partners had a negative return on equity of 1.13% and a negative net margin of 4.68%. The firm had revenue of $850.30 million for the quarter, compared to analysts’ expectations of $706.34 million. During the same period last year, the business earned ($0.74) earnings per share. The firm’s revenue for the quarter was up 41.3% on a year-over-year basis. Equities analysts expect that Crestwood Equity Partners will post ($0.94) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.56%. The ex-dividend date is Thursday, August 3rd. Crestwood Equity Partners’s dividend payout ratio (DPR) is presently -107.14%.
In other news, SVP Joel Christian Lambert sold 6,927 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $25.47, for a total transaction of $176,430.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 36.20% of the stock is owned by company insiders.
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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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