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Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Better Than Oil Stocks? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
Better Than Oil Stocks? (Ad)
How major US stock indexes fared Friday, 9/29/2023
MarketBeat Week in Review – 9/25 - 9/29
Buy This Stock for AI Tidal Wave (not NVDA) (Ad)
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
NYSE:CEQP

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

$29.25
+0.04 (+0.14%)
(As of 09/29/2023 ET)
Compare
Today's Range
$29.02
▼
$29.42
50-Day Range
$25.53
▼
$29.45
52-Week Range
$22.11
▼
$31.46
Volume
500,199 shs
Average Volume
648,047 shs
Market Capitalization
$3.08 billion
P/E Ratio
31.45
Dividend Yield
8.96%
Price Target
$28.13
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Crestwood Equity Partners MarketRank™ Forecast

Analyst Rating
Reduce
1.88 Rating Score
Upside/​Downside
3.8% Downside
$28.13 Price Target
Short Interest
Healthy
1.51% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Crestwood Equity Partners in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-7.62%
From $2.10 to $1.94 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Oils/Energy Sector

199th out of 248 stocks

Gas Transmission & Distribution Industry

6th out of 6 stocks

See Top Rated MarketRank™ Stocks Here

CEQP stock logo

About Crestwood Equity Partners (NYSE:CEQP) Stock

Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. The company operates through three segments: Gathering and Processing North; Gathering and Processing South; and Storage and Logistics. The Gathering and Processing North segment offers natural gas, crude oil, and produced water gathering, compression, treating, processing, and disposal services to producers in the Williston Basin and Powder River Basin. This segment owns and operates natural gas facilities with approximately 818 MMcf/d of gathering capacity and 775 MMcf/d of processing capacity; crude oil facilities with approximately 250 MBbls/d of gathering capacity and 496,000 Bbls of storage capacity; and produced water facilities with approximately 421 MBbls/d of gathering and disposal capacity. The Gathering and Processing South segment provides natural gas gathering, compression, treating, and processing; and produced water gathering and disposal services to producers in the Delaware basins. This segment owns and operates natural gas facilities with 1.1 Bcf/d of gathering capacity and 613 MMcf/d of processing capacity; crude oil facilities with approximately 90 MBbls/d of gathering capacity; and produced water facilities with approximately 354 MBbls/d of gathering and disposal capacity. The Storage and Logistics segment offers natural gas liquids, crude oil, and natural gas storage, terminal, marketing, and transportation, including rail, truck and pipeline services to producers, refiners, marketers, utilities, and other customers. Crestwood Equity GP LLC serves as the general partner of Crestwood Equity Partners LP. The company was formerly known as Inergy L.P. and changed its name to Crestwood Equity Partners LP in October 2013. Crestwood Equity Partners LP was incorporated in 2001 and is headquartered in Houston, Texas.

CEQP Price History

CEQP Stock News Headlines

September 29, 2023 | finance.yahoo.com
Crestwood Announces Filing of Definitive Proxy Statement in Connection with Pending Energy Transfer Transaction
September 29, 2023 | msn.com
Crestwood Equity Partners: Strong Value Potential As Acquisition Deal Is Finalizing
September 30, 2023 | Porter and Company (Ad)
Top Analyst Exposes Imminent Crisis Hurtling Towards America
The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…
September 27, 2023 | finance.yahoo.com
Crestwood Announces Commencement of Consent Solicitation
September 27, 2023 | americanbankingnews.com
Crestwood Equity Partners (NYSE:CEQP) Coverage Initiated at StockNews.com
September 25, 2023 | americanbankingnews.com
Crestwood Equity Partners LP (NYSE:CEQP) Given Consensus Rating of "Reduce" by Analysts
September 24, 2023 | americanbankingnews.com
Crestwood Equity Partners (NYSE:CEQP) Sees Strong Trading Volume
September 15, 2023 | finance.yahoo.com
Why Crestwood Equity Partners LP (CEQP) is a Top Growth Stock for the Long-Term
September 30, 2023 | Porter and Company (Ad)
Top Analyst Exposes Imminent Crisis Hurtling Towards America
The man who warned of the dot-com blow up, the 2008 housing collapse, and the loss of America’s AAA rating makes a shocking prediction…
August 31, 2023 | finance.yahoo.com
Crestwood Equity Partners LP (CEQP) Up 4.5% Since Last Earnings Report: Can It Continue?
August 29, 2023 | finance.yahoo.com
Here's Why Crestwood Equity Partners LP (CEQP) is a Strong Growth Stock
August 26, 2023 | msn.com
Raymond James Downgrades Crestwood Equity Partners LP - Unit (CEQP)
August 25, 2023 | markets.businessinsider.com
The Latest Analyst Ratings for Crestwood Equity Partners
August 24, 2023 | finance.yahoo.com
Oil & Gas Stock Roundup: M&A Activity Takes Center Stage
August 22, 2023 | stocknews.com
4 Energy Stocks Keeping Wall Street Hooked
August 18, 2023 | msn.com
Truist Securities Downgrades Crestwood Equity Partners LP - Unit (CEQP)
August 18, 2023 | seekingalpha.com
Energy Transfer's Massive Purchase Of Crestwood Equity Partners Makes Sense
August 17, 2023 | msn.com
Wells Fargo Downgrades Crestwood Equity Partners LP - Unit (CEQP)
August 17, 2023 | finance.yahoo.com
Equinor (EQNR) Hires Drilling Rig for Bay du Nord Project
August 17, 2023 | finance.yahoo.com
Crestwood (CEQP) Signs Deal to Divest Stakes in All-Stock Deal
August 17, 2023 | finance.yahoo.com
Energy Transfer Is Adding More Fuel to Grow Its Nearly 10%-Yielding Payout With This $7.1 Billion Deal
August 17, 2023 | seekingalpha.com
Crestwood Equity To Become Part Of Energy Transfer Empire
August 16, 2023 | markets.businessinsider.com
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Crestwood Equity Partners LP (CEQP)
August 16, 2023 | finance.yahoo.com
Pipeline Company Energy Transfer to Buy Crestwood in $7.1 Billion Deal
August 16, 2023 | finance.yahoo.com
Texas Pipeline Firm Energy Transfer Adds to Shale Holdings in $7.1 Billion Deal
August 16, 2023 | finance.yahoo.com
Energy Transfer to buy Crestwood for $7.1bn in latest US pipeline deal
August 16, 2023 | finance.yahoo.com
Sunoco majority owner will pay $7.1B to acquire Crestwood Equity Partners, which had merged with Inergy
See More Headlines
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CEQP Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 8/14 Dividend
8/04/2023
Dividend Payable
8/14/2023
Today
9/30/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Gas transmission & distribution
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
NYSE:CEQP
CUSIP
N/A
CIK
1136352
Web
www.crestwoodlp.com
Phone
(832) 519-2200
Fax
832-519-2250
Employees
753
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.13
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-3.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.88
Research Coverage
8 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$0.93
Trailing P/E Ratio
31.45
Forward P/E Ratio
13.93
P/E Growth
N/A
Net Income
$31.30 million
Net Margins
3.11%
Pretax Margin
3.94%
Return on Equity
14.05%
Return on Assets
3.71%

Debt

Debt-to-Equity Ratio
1.87
Current Ratio
1.37
Quick Ratio
1.10

Sales & Book Value

Annual Sales
$6.00 billion
Price / Sales
0.51
Cash Flow
$3.65 per share
Price / Cash Flow
8.01
Book Value
$16.53 per share
Price / Book
1.77

Miscellaneous

Outstanding Shares
105,240,000
Free Float
99,833,000
Market Cap
$3.08 billion
Optionable
Optionable
Beta
2.44
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Key Executives

  • Mr. Robert G. Phillips (Age 68)
    Founder, Chairman & CEO of Crestwood Equity GP LLC
    Comp: $1.75M
  • Mr. Robert Thornbury Halpin III (Age 39)
    Pres
    Comp: $1.24M
  • Mr. John Black (Age 35)
    Exec. VP & CFO
    Comp: $689.98k
  • Mr. Joel Christian Lambert (Age 54)
    Exec. VP, Chief Legal & Compliance Officer
    Comp: $848.26k
  • Mr. William H. Moore (Age 43)
    Exec. VP of Corp. Strategy
    Comp: $931.14k
  • Mr. Diaco Aviki (Age 49)
    Exec. VP & COO
  • Ms. Deana Werkowitch
    Sr. VP of Audit, Technology & Implementation Services
  • Mr. Andrew Thorington
    VP of Fin. & Investor Relations
  • Ms. Joanne Howard
    Sr. VP of Sustainability & Corp. Communications
  • Mr. John Powell
    Sr. VP of Marketing, Supply & Logistics

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions













CEQP Stock - Frequently Asked Questions

Should I buy or sell Crestwood Equity Partners stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crestwood Equity Partners in the last twelve months. 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.
View CEQP analyst ratings or view top-rated stocks.

What is Crestwood Equity Partners' stock price forecast for 2023?

8 Wall Street analysts have issued 1 year price targets for Crestwood Equity Partners' stock. Their CEQP share price forecasts range from $26.00 to $30.00. On average, they predict the company's stock price to reach $28.13 in the next twelve months. This suggests that the stock has a possible downside of 3.8%.
View analysts price targets for CEQP or view top-rated stocks among Wall Street analysts.

How have CEQP shares performed in 2023?

Crestwood Equity Partners' stock was trading at $26.19 at the beginning of 2023. Since then, CEQP stock has increased by 11.7% and is now trading at $29.25.
View the best growth stocks for 2023 here.

Are investors shorting Crestwood Equity Partners?

Crestwood Equity Partners saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,590,000 shares, a decline of 17.2% from the August 31st total of 1,920,000 shares. Based on an average daily volume of 561,700 shares, the days-to-cover ratio is currently 2.8 days.
View Crestwood Equity Partners' Short Interest.

When is Crestwood Equity Partners' next earnings date?

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

How were Crestwood Equity Partners' earnings last quarter?

Crestwood Equity Partners LP (NYSE:CEQP) released its earnings results on Tuesday, August, 1st. The pipeline company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.90. The pipeline company had revenue of $1.02 billion for 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 in the previous year, the business earned $0.14 EPS.

How often does Crestwood Equity Partners pay dividends? What is the dividend yield for Crestwood Equity Partners?

Crestwood Equity Partners announced a quarterly dividend on Thursday, July 20th. Stockholders of record on Monday, August 7th will be paid a dividend of $0.655 per share on Monday, August 14th. This represents a $2.62 annualized dividend and a dividend yield of 8.96%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for CEQP.

What ETFs hold Crestwood Equity Partners' stock?

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).

Is Crestwood Equity Partners a good dividend stock?

Crestwood Equity Partners (NYSE:CEQP) pays an annual dividend of $2.62 per share and currently has a dividend yield of 8.97%. 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.

What is Robert G. Phillips' approval rating as Crestwood Equity Partners' CEO?

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.

What other stocks do shareholders of Crestwood Equity Partners own?

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).

What is Crestwood Equity Partners' stock symbol?

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

How do I buy shares of Crestwood Equity Partners?

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.
Compare Top Brokerages Here.

What is Crestwood Equity Partners' stock price today?

One share of CEQP stock can currently be purchased for approximately $29.25.

How much money does Crestwood Equity Partners make?

Crestwood Equity Partners (NYSE:CEQP) has a market capitalization of $3.08 billion and generates $6.00 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.

How many employees does Crestwood Equity Partners have?

The company employs 753 workers across the globe.

How can I contact Crestwood Equity Partners?

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.

This page (NYSE:CEQP) was last updated on 9/30/2023 by MarketBeat.com Staff

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