Crestwood Equity Partners (NYSE:CEQP) had its target price cut by equities researchers at UBS Group from $11.00 to $10.00 in a report released on Friday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the pipeline company’s stock. UBS Group’s target price points to a potential upside of 125.23% from the company’s previous close.
A number of other research firms have also recently weighed in on CEQP. Raymond James cut shares of Crestwood Equity Partners from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $39.00 to $11.00 in a research note on Thursday, March 12th. ValuEngine cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th. SunTrust Banks reduced their price objective on shares of Crestwood Equity Partners from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Barclays lowered shares of Crestwood Equity Partners from an “overweight” rating to an “equal weight” rating and set a $5.00 target price on the stock. in a report on Tuesday, March 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. Crestwood Equity Partners presently has an average rating of “Buy” and a consensus price target of $27.71.
NYSE CEQP opened at $4.44 on Friday. Crestwood Equity Partners has a 1-year low of $2.65 and a 1-year high of $40.00. The company has a market cap of $317.81 million, a price-to-earnings ratio of 11.20 and a beta of 2.83. The company has a current ratio of 1.05, a quick ratio of 0.90 and a debt-to-equity ratio of 1.33. The company has a 50 day moving average of $14.40 and a 200-day moving average of $28.14.
Crestwood Equity Partners (NYSE:CEQP) last posted its earnings results on Tuesday, February 18th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.09). The company had revenue of $839.70 million for the quarter, compared to the consensus estimate of $799.79 million. Crestwood Equity Partners had a return on equity of 4.83% and a net margin of 8.96%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities research analysts forecast that Crestwood Equity Partners will post 0.57 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew its holdings in Crestwood Equity Partners by 5.9% in the 4th quarter. Sigma Planning Corp now owns 13,148 shares of the pipeline company’s stock worth $405,000 after acquiring an additional 733 shares during the last quarter. Clear Harbor Asset Management LLC bought a new stake in Crestwood Equity Partners in the 4th quarter worth $31,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Crestwood Equity Partners by 37.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,010 shares of the pipeline company’s stock worth $123,000 after acquiring an additional 1,086 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Crestwood Equity Partners in the 4th quarter worth $34,000. Finally, First Trust Advisors LP grew its holdings in Crestwood Equity Partners by 1.0% in the 1st quarter. First Trust Advisors LP now owns 129,019 shares of the pipeline company’s stock worth $4,540,000 after acquiring an additional 1,241 shares during the last quarter. 71.64% of the stock is currently owned by institutional investors.
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.