Somewhat Favorable News Coverage Somewhat Unlikely to Affect Crestwood Equity Partners (CEQP) Share Price
News headlines about Crestwood Equity Partners (NYSE:CEQP) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Crestwood Equity Partners earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 46.9660422570076 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Crestwood Equity Partners (NYSE:CEQP) traded down 0.83% during mid-day trading on Tuesday, reaching $24.00. 97,259 shares of the company traded hands. The firm’s 50-day moving average is $24.80 and its 200 day moving average is $24.41. Crestwood Equity Partners has a 52-week low of $18.51 and a 52-week high of $28.30. The stock’s market capitalization is $1.67 billion.
Crestwood Equity Partners (NYSE:CEQP) last released its quarterly earnings data on Tuesday, August 1st. The pipeline company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.23). The business had revenue of $850.30 million during the quarter, compared to analyst estimates of $706.34 million. Crestwood Equity Partners had a negative return on equity of 1.13% and a negative net margin of 4.68%. The business’s revenue for the quarter was up 41.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.74) EPS. On average, equities research analysts expect that Crestwood Equity Partners will post ($0.98) earnings per share for the current year.
Several research analysts have recently issued reports on CEQP shares. BidaskClub upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine downgraded 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 upped their price target for the company from $27.00 to $28.00 in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. Crestwood Equity Partners presently has an average rating of “Hold” and a consensus target price of $27.40.
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In other Crestwood Equity Partners news, SVP Joel Christian Lambert sold 6,927 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $25.47, for a total value of $176,430.69. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 36.20% of the company’s stock.
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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