Crestwood Equity Partners LP (NYSE:CEQP) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $39.83.

A number of research analysts recently commented on the company. US Capital Advisors reaffirmed a “hold” rating on shares of Crestwood Equity Partners in a research note on Wednesday, February 6th. ValuEngine cut Crestwood Equity Partners from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. TheStreet upgraded Crestwood Equity Partners from a “c+” rating to a “b” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Co upgraded Crestwood Equity Partners from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 19th.

Shares of Crestwood Equity Partners stock traded down $0.93 during trading on Thursday, reaching $35.42. The company’s stock had a trading volume of 305,028 shares, compared to its average volume of 276,477. The stock has a market cap of $2.58 billion, a PE ratio of 167.52, a PEG ratio of 13.41 and a beta of 2.19. Crestwood Equity Partners has a 52 week low of $26.55 and a 52 week high of $40.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 0.92.

Crestwood Equity Partners (NYSE:CEQP) last announced its earnings results on Tuesday, April 30th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.21). The business had revenue of $835.20 million during the quarter, compared to the consensus estimate of $879.87 million. Crestwood Equity Partners had a net margin of 0.47% and a return on equity of 2.79%. The company’s revenue was down 25.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Equities research analysts predict that Crestwood Equity Partners will post 0.55 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Crestwood Equity Partners’s payout ratio is presently 1,142.86%.

A number of hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D increased its stake in Crestwood Equity Partners by 21.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 150,800 shares of the pipeline company’s stock worth $4,209,000 after purchasing an additional 27,000 shares during the period. Perella Weinberg Partners Capital Management LP raised its position in Crestwood Equity Partners by 24.2% in the fourth quarter. Perella Weinberg Partners Capital Management LP now owns 835,328 shares of the pipeline company’s stock valued at $23,314,000 after purchasing an additional 162,902 shares during the period. Advisors Asset Management Inc. raised its position in Crestwood Equity Partners by 15.3% in the fourth quarter. Advisors Asset Management Inc. now owns 35,704 shares of the pipeline company’s stock valued at $996,000 after purchasing an additional 4,746 shares during the period. SG Americas Securities LLC purchased a new stake in Crestwood Equity Partners in the fourth quarter valued at approximately $768,000. Finally, Alps Advisors Inc. raised its position in Crestwood Equity Partners by 12.6% in the fourth quarter. Alps Advisors Inc. now owns 4,870,511 shares of the pipeline company’s stock valued at $135,936,000 after purchasing an additional 546,006 shares during the period. Institutional investors and hedge funds own 70.60% of the company’s stock.

About Crestwood Equity Partners

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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Analyst Recommendations for Crestwood Equity Partners (NYSE:CEQP)

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