Crestwood Equity Partners (CEQP) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crestwood Equity Partners in the last year. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CEQP shares.
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8 analysts have issued 1-year target prices for Crestwood Equity Partners' stock. Their CEQP share price forecasts range from $26.00 to $30.00. On average, they anticipate the company's share price to reach $28.13 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for CEQP or view top-rated stocks among Wall Street analysts.

Crestwood Equity Partners' stock was trading at $26.19 on January 1st, 2023. Since then, CEQP shares have increased by 10.5% and is now trading at $28.95.
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Crestwood Equity Partners saw a drop in short interest in September. As of September 15th, there was short interest totaling 1,590,000 shares, a drop of 17.2% from the August 31st total of 1,920,000 shares. Based on an average trading volume of 561,700 shares, the days-to-cover ratio is presently 2.8 days.
View Crestwood Equity Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our CEQP earnings forecast.

Crestwood Equity Partners LP (NYSE:CEQP) posted its earnings results on Tuesday, August, 1st. The pipeline company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.90. The pipeline company earned $1.02 billion during the quarter, compared to analyst estimates of $1.19 billion. Crestwood Equity Partners had a net margin of 3.11% and a trailing twelve-month return on equity of 14.05%. During the same period last year, the firm posted $0.14 earnings per share.

Crestwood Equity Partners announced a quarterly dividend on Thursday, July 20th. Investors of record on Monday, August 7th will be given a dividend of $0.655 per share on Monday, August 14th. This represents a $2.62 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for CEQP.

ETFs with the largest weight of Crestwood Equity Partners (NYSE:CEQP) stock in their portfolio include InfraCap MLP ETF (AMZA), Alerian MLP ETF (AMLP), Global X MLP ETF (MLPA), GraniteShares HIPS US High Income ETF (HIPS), ASYMmetric Smart Alpha S&P 500 ETF (ZSPY), KFA Value Line Dynamic Core Equity Index ETF (KVLE), First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Invesco Zacks Multi-Asset Income ETF (CVY).

Crestwood Equity Partners (NYSE:CEQP) pays an annual dividend of $2.62 per share and currently has a dividend yield of 9.17%. CEQP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 281.72%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CEQP will have a dividend payout ratio of 135.05% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CEQP.

14 employees have rated Crestwood Equity Partners Chief Executive Officer Robert G. Phillips on Glassdoor.com. Robert G. Phillips has an approval rating of 65% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crestwood Equity Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), Pfizer (PFE), Kinder Morgan (KMI), Suburban Propane Partners (SPH), New Residential Investment (NRZ), ONEOK (OKE), Intel (INTC) and Annaly Capital Management (NLY).

Crestwood Equity Partners trades on the New York Stock Exchange (NYSE) under the ticker symbol "CEQP."

Crestwood Equity Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Goldman Sachs Group Inc. (4.29%), Mirae Asset Global Investments Co. Ltd. (2.80%), Clearbridge Investments LLC (2.40%), CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT (1.01%), JPMorgan Chase & Co. (0.91%) and Chickasaw Capital Management LLC (0.90%). Insiders that own company stock include Energy Corp Chord, Gas Services Holding Crestwood, Joel Christian Lambert and William H Moore.
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Shares of CEQP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CEQP stock can currently be purchased for approximately $28.95.

Crestwood Equity Partners (NYSE:CEQP) has a market capitalization of $3.05 billion and generates $5.25 billion in revenue each year. The pipeline company earns $31.30 million in net income (profit) each year or $0.93 on an earnings per share basis.

The company employs 753 workers across the globe.

Crestwood Equity Partners' mailing address is 811 MAIN STREET SUITE 3400, HOUSTON TX, 77002. The official website for the company is www.crestwoodlp.com. The pipeline company can be reached via phone at (832) 519-2200, via email at investorrelations@crestwoodlp.com, or via fax at 832-519-2250.