Crestwood Equity Partners - CEQP Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crestwood Equity Partners in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CEQP shares.
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4 Wall Street research analysts have issued twelve-month target prices for Crestwood Equity Partners' stock. Their CEQP share price forecasts range from $35.00 to $38.00. On average, they anticipate the company's share price to reach $36.00 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price.
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Crestwood Equity Partners' stock was trading at $27.59 at the start of the year. Since then, CEQP shares have increased by 5.0% and is now trading at $28.98.
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Crestwood Equity Partners saw a drop in short interest in October. As of October 31st, there was short interest totaling 3,220,000 shares, a drop of 9.3% from the October 15th total of 3,550,000 shares. Based on an average trading volume of 589,500 shares, the days-to-cover ratio is presently 5.5 days.
View Crestwood Equity Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our CEQP earnings forecast.

Crestwood Equity Partners LP (NYSE:CEQP) posted its quarterly earnings data on Monday, October, 25th. The pipeline company reported ($1.03) EPS for the quarter, missing the consensus estimate of $0.17 by $1.20. The pipeline company earned $1.23 billion during the quarter, compared to analysts' expectations of $944.97 million. Crestwood Equity Partners had a trailing twelve-month return on equity of 8.72% and a net margin of 0.94%. During the same quarter in the previous year, the firm posted ($0.28) earnings per share.

Crestwood Equity Partners declared a quarterly dividend on Thursday, October 20th. Stockholders of record on Monday, November 7th will be given a dividend of $0.655 per share on Monday, November 14th. This represents a $2.62 annualized dividend and a dividend yield of 9.04%. The ex-dividend date of this dividend is Friday, November 4th.
Read our dividend analysis for CEQP.

Crestwood Equity Partners (NYSE:CEQP) pays an annual dividend of $2.62 per share and currently has a dividend yield of 8.99%. 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 1,048.00%. 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 142.39% 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 many different retail and institutional investors. Top institutional investors include First Reserve GP XIII Ltd (10.77%), Tortoise Capital Advisors L.L.C. (2.46%), UBS Group AG (2.12%), Blackstone Inc. (1.35%), Chickasaw Capital Management LLC (0.93%) and Cohen & Steers Inc. (0.67%). 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 $28.98.

Crestwood Equity Partners (NYSE:CEQP) has a market capitalization of $3.03 billion and generates $4.57 billion in revenue each year. The pipeline company earns $-78,500,000.00 in net income (profit) each year or $0.25 on an earnings per share basis.

The company employs 645 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.