Crestwood Equity Partners (CEQP) Given Daily Coverage Optimism Score of 0.16
Media stories about Crestwood Equity Partners (NYSE:CEQP) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Crestwood Equity Partners earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 45.4922806748572 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Crestwood Equity Partners (NYSE CEQP) traded down 0.40% during midday trading on Friday, hitting $24.95. 651,503 shares of the stock traded hands. Crestwood Equity Partners has a 52 week low of $18.51 and a 52 week high of $28.30. The firm’s 50-day moving average is $24.87 and its 200 day moving average is $24.55. The company’s market capitalization is $1.74 billion.
Crestwood Equity Partners (NYSE:CEQP) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.23). Crestwood Equity Partners had a negative net margin of 4.68% and a negative return on equity of 1.13%. The business had revenue of $850.30 million during the quarter, compared to the consensus estimate of $706.34 million. During the same quarter last year, the business earned ($0.74) EPS. The firm’s quarterly revenue was up 41.3% compared to the same quarter last year. Equities analysts forecast that Crestwood Equity Partners will post ($0.97) earnings per share for the current year.
Several equities research analysts have recently commented on CEQP shares. BidaskClub upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Finally, Stifel Nicolaus upgraded shares of Crestwood Equity Partners from a “hold” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $28.00 in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $27.40.
In other Crestwood Equity Partners news, SVP Joel Christian Lambert sold 6,927 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $25.47, for a total transaction of $176,430.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 36.20% of the stock is currently owned by company insiders.
Crestwood Equity Partners Company Profile
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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