News headlines about Crestwood Equity Partners (NYSE:CEQP) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crestwood Equity Partners earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the pipeline company an impact score of 47.1573019472653 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Insider Buying: Crestwood Equity Partners LP (CEQP) CFO Acquires 3,500 Shares of Stock (americanbankingnews.com)
- Like Dividends? I Bet You’ll Love These 4 Stocks – Motley Fool (fool.com)
- Crestwood Equity Partners (CEQP) Given New $32.00 Price Target at Stifel Nicolaus (americanbankingnews.com)
- Crestwood Equity Partners (CEQP) PT Raised to $30.00 (americanbankingnews.com)
- Crestwood Announces Fourth Quarter 2017 Financial and Operating Results; Provides 2018 Growth Outlook – Business Wire (press release) (businesswire.com)
CEQP has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus set a $27.00 target price on shares of Crestwood Equity Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. UBS Group upgraded shares of 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 report on Monday, December 4th. Wells Fargo & Co upgraded shares of Crestwood Equity Partners from a “market perform” rating to an “outperform” rating and increased their target price for the company from $28.00 to $32.00 in a research report on Thursday, January 11th. Finally, Barclays upgraded shares of Crestwood Equity Partners from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $25.00 to $30.00 in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.00.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, February 6th. This represents a $2.40 annualized dividend and a dividend yield of 8.91%. Crestwood Equity Partners’s dividend payout ratio (DPR) is -66.12%.
In other Crestwood Equity Partners news, CFO Robert Thornbury Halpin III acquired 3,500 shares of Crestwood Equity Partners stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $27.50 per share, for a total transaction of $96,250.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 36.20% of the company’s stock.
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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