The stock of Crestwood Equity Partners LP (NYSE:CEQP) is a huge mover today! The stock decreased 1.71% or $0.37 on September 30, hitting $21.25. About 304,992 shares traded hands or 74.28% up from the average. Crestwood Equity Partners LP (NYSE:CEQP) has risen 134.29% since February 29, 2016 and is uptrending. It has outperformed by 123.86% the S&P500.
The move comes after 6 months negative chart setup for the $1.49 billion company. It was reported on Oct, 1 by Barchart.com. We have $19.98 PT which if reached, will make NYSE:CEQP worth $89.40M less.
Analysts await Crestwood Equity Partners LP (NYSE:CEQP) to report earnings on November, 1. They expect $-0.15 EPS, down 100.75% or $20.15 from last year’s $20 per share. After $-0.74 actual EPS reported by Crestwood Equity Partners LP for the previous quarter, Wall Street now forecasts -79.73% EPS growth.
Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage
Out of 6 analysts covering Crestwood Equity (NYSE:CEQP), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Crestwood Equity has been the topic of 10 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The stock of Crestwood Equity Partners LP (NYSE:CEQP) earned “Equal-Weight” rating by Barclays Capital on Wednesday, December 23. The stock has “Equal-Weight” rating given by Barclays Capital on Wednesday, February 24. The stock of Crestwood Equity Partners LP (NYSE:CEQP) has “Underperform” rating given on Thursday, October 8 by Bank of America. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, May 4. The company was downgraded on Monday, January 4 by Raymond James. The firm has “Underweight” rating given on Tuesday, June 21 by Barclays Capital. The stock has “Neutral” rating given by JP Morgan on Wednesday, March 30. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, January 25.
According to Zacks Investment Research, “Crestwood Equity Partners LP offers a natural gas and storage business in Texas and an NGL and crude oil services business. It operates through three segments: Gathering and Processing, Gas Storage and Transportation, and NGL and Crude Services. The Company serves customers in the United States and Canada. Crestwood Equity Partners LP, formerly known as Inergy L.P., is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0.67 in 2016Q1. The ratio is positive, as 0 funds sold all Crestwood Equity Partners LP shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 59,838 shares or 102.88% more from 29,494 shares in 2016Q1.
The Wisconsin-based Jacobus Wealth Mngmt has invested 0.07% in Crestwood Equity Partners LP (NYSE:CEQP). Focused Wealth Mngmt accumulated 0% or 1 shares. Moreover, Bush Odonnell Inv Advisors Inc has 0.24% invested in Crestwood Equity Partners LP (NYSE:CEQP) for 17,727 shares. Huntington Commercial Bank, a Ohio-based fund reported 625 shares. Tru Department Mb Bancorp N A holds 0% or 425 shares in its portfolio.
Insider Transactions: Since May 16, 2016, the stock had 8 insider purchases, and 0 selling transactions for $24.98 million net activity. First Reserve GP XI – Inc. bought $4.53 million worth of stock.
More notable recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Businesswire.com which released: “Crestwood and SWEPI Enter into Long-Term Gas Gathering Agreement in the …” on September 27, 2016, also Fool.com with their article: “3 Reasons Why Crestwood Equity Partners LP Surged Nearly 20% in May” published on June 09, 2016, Fool.com published: “Why Crestwood Equity Partners LP Stock Is Rocketing Higher Today” on April 21, 2016. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Crestwood Equity Partners, Williams Partners and Sunoco” published on August 01, 2016 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: October 09, 2013.
CEQP Company Profile
Crestwood Equity Partners LP, incorporated on March 7, 2001, is a holding and master limited partnership (MLP) company. The Firm develops, acquires, owns or controls, and operates assets and activities within the energy midstream sector. The Company’s divisions include gathering and processing (G&P), which includes its crude oil, natural gas 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. The Firm provides infrastructure solutions to service natural gas and crude oil shale plays across the United States. It owns and operates a portfolio of natural gas and crude oil gathering, processing, storage and transportation assets.
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