Crestwood Equity Partners (CEQP) Upgraded at ValuEngine

Share on StockTwits

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.

Crestwood Equity Partners (NYSE:CEQP) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.42. The firm had revenue of $768.40 million during the quarter, compared to the consensus estimate of $1.01 billion. Crestwood Equity Partners had a return on equity of 4.07% and a net margin of 0.98%. The business’s revenue for the quarter was down 38.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.04) EPS. On average, equities analysts forecast that Crestwood Equity Partners will post 0.57 EPS for the current fiscal year.

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.

See Also: What is a Swap?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Crestwood Equity Partners (NYSE:CEQP)

Receive News & Ratings for Crestwood Equity Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crestwood Equity Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Head to Head Analysis: Key Energy Services  vs. RPC
Head to Head Analysis: Key Energy Services vs. RPC
Colu Local Network  Price Up 4.3% This Week
Colu Local Network Price Up 4.3% This Week
Gladstone Capital Co.  Expected to Announce Earnings of $0.21 Per Share
Gladstone Capital Co. Expected to Announce Earnings of $0.21 Per Share
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Bitcoin Gold Reaches Market Capitalization of $392.92 Million
Quanta Services Inc  Receives $42.80 Average PT from Brokerages
Quanta Services Inc Receives $42.80 Average PT from Brokerages
PHI Token  Price Hits $0.15 on Major Exchanges
PHI Token Price Hits $0.15 on Major Exchanges


© 2006-2019 Ticker Report