ValuEngine upgraded shares of Crestwood Equity Partners (NYSE:CEQP) from a hold rating to a buy rating in a research report released on Monday morning.
Other research analysts also recently issued research reports about the company. US Capital Advisors reiterated a hold rating on shares of Crestwood Equity Partners in a research note on Wednesday, February 6th. Goldman Sachs Group upgraded Crestwood Equity Partners from a neutral rating to a buy rating and set a $43.00 price target for the company in a research note on Monday, December 17th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $39.57.
Shares of NYSE:CEQP opened at $34.17 on Monday. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 162.71, a price-to-earnings-growth ratio of 12.10 and a beta of 2.18. The company has a quick ratio of 0.95, a current ratio of 1.14 and a debt-to-equity ratio of 1.23. Crestwood Equity Partners has a 1 year low of $25.10 and a 1 year high of $40.55.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, February 7th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, February 6th. This represents a $2.40 annualized dividend and a dividend yield of 7.02%. Crestwood Equity Partners’s payout ratio is 1,142.86%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Asset Management LLC boosted its stake in Crestwood Equity Partners by 3,575.0% in the 3rd quarter. Trust Asset Management LLC now owns 118,115 shares of the pipeline company’s stock worth $123,000 after purchasing an additional 114,901 shares during the period. Penserra Capital Management LLC bought a new position in Crestwood Equity Partners in the 4th quarter worth about $175,000. MML Investors Services LLC bought a new position in Crestwood Equity Partners in the 3rd quarter worth about $214,000. Security National Bank of Sioux City Iowa IA bought a new position in Crestwood Equity Partners in the 3rd quarter worth about $221,000. Finally, Private Advisory Group LLC bought a new position in Crestwood Equity Partners in the 3rd quarter worth about $296,000. Institutional investors and hedge funds own 72.23% of the company’s stock.
Crestwood Equity Partners Company Profile
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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