Stifel Nicolaus reiterated their hold rating on shares of Crestwood Equity Partners (NYSE:CEQP) in a research report report published on Monday morning, The Fly reports. Stifel Nicolaus currently has a $38.00 price objective on the pipeline company’s stock.

A number of other equities analysts also recently issued reports on the company. Barclays raised their price target on Crestwood Equity Partners from $35.00 to $39.00 and gave the stock an equal weight rating in a research note on Wednesday, August 29th. Bank of America raised their target price on Crestwood Equity Partners from $34.00 to $38.00 and gave the stock a buy rating in a report on Wednesday, August 1st. SunTrust Banks set a $40.00 target price on Crestwood Equity Partners and gave the stock a buy rating in a report on Monday, July 23rd. Finally, Goldman Sachs Group cut Crestwood Equity Partners from a buy rating to a neutral rating and decreased their target price for the stock from $34.00 to $32.00 in a report on Tuesday, June 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $36.14.

Shares of CEQP opened at $36.10 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.96 and a current ratio of 1.13. Crestwood Equity Partners has a 12 month low of $22.15 and a 12 month high of $40.55.

Crestwood Equity Partners (NYSE:CEQP) last issued its earnings results on Tuesday, July 31st. The pipeline company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The business had revenue of $840.50 million for the quarter, compared to analysts’ expectations of $1.03 billion. Crestwood Equity Partners had a negative net margin of 4.14% and a negative return on equity of 1.09%. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.28) earnings per share. equities analysts forecast that Crestwood Equity Partners will post 0.09 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in CEQP. Alps Advisors Inc. bought a new position in Crestwood Equity Partners in the 2nd quarter worth $129,006,000. Advisors Asset Management Inc. raised its holdings in Crestwood Equity Partners by 8,381.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,111,527 shares of the pipeline company’s stock worth $723,000 after purchasing an additional 1,098,422 shares during the period. Perella Weinberg Partners Capital Management LP raised its holdings in Crestwood Equity Partners by 139.3% in the 2nd quarter. Perella Weinberg Partners Capital Management LP now owns 1,155,129 shares of the pipeline company’s stock worth $36,675,000 after purchasing an additional 672,466 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Crestwood Equity Partners in the 2nd quarter worth $10,945,000. Finally, Renaissance Technologies LLC raised its holdings in Crestwood Equity Partners by 45.7% in the 2nd quarter. Renaissance Technologies LLC now owns 422,381 shares of the pipeline company’s stock worth $13,411,000 after purchasing an additional 132,499 shares during the period. 69.00% 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.

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The Fly

Analyst Recommendations for Crestwood Equity Partners (NYSE:CEQP)

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