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NYSE:CEQP - Crestwood Equity Partners Stock Price, Forecast & News

$3.80
-1.05 (-21.65 %)
(As of 03/29/2020 01:42 AM ET)
Today's Range
$3.69
Now: $3.80
$5.01
50-Day Range
$3.20
MA: $17.64
$28.40
52-Week Range
$2.65
Now: $3.80
$40.00
Volume2.31 million shs
Average Volume1.98 million shs
Market Capitalization$276.37 million
P/E Ratio1.31
Dividend Yield51.55%
Beta2.09
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. The S&T segment provides crude oil and natural gas storage and transportation services to producers, utilities, and other customers. The MS&L segment offers natural gas liquid (NGL) and crude oil storage, as well as marketing and transportation services to producers, refiners, marketers, and other customers. The company owns and operates natural gas facilities with approximately 2.9 billion cubic feet of natural gas/day (Bcf/d) of gathering capacity and 0.9 Bcf/d of processing capacity; with approximately 2.5 MMBbls of storage capacity, as well as portfolio of transportation assets with a capacity of transporting approximately 1.3 MMBbls/day of NGLs; and crude oil facilities with approximately 125,000 Bbls/d of gathering capacity, 1.9 million barrels of storage capacity, 20,000 Bbls/d of transportation capacity, and 180,000 Bbls/d of rail loading capacity. It also has ownership interests in natural gas facilities with approximately 0.3 Bcf/d of gathering capacity, 0.2 Bcf/d of processing capacity, 75.8 Bcf of certificated working storage capacity, and 1.6 Bcf/d of transportation capacity; and crude oil facilities with approximately 380,000 Bbls of working storage capacity. 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 founded in 2001 and is headquartered in Houston, Texas.
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Industry, Sector and Symbol

Industry Nonstore retailers
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone832-519-2200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.18 billion
Cash Flow$3.04 per share
Book Value$24.32 per share

Profitability

Net Income$285.10 million

Miscellaneous

Employees843
Market Cap$276.37 million
Next Earnings Date5/5/2020 (Estimated)
OptionableOptionable

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Crestwood Equity Partners (NYSE:CEQP) Frequently Asked Questions

How has Crestwood Equity Partners' stock been impacted by COVID-19 (Coronavirus)?

Crestwood Equity Partners' stock was trading at $8.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CEQP stock has decreased by 55.3% and is now trading at $3.80. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Crestwood Equity Partners?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crestwood Equity Partners in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Crestwood Equity Partners.

When is Crestwood Equity Partners' next earnings date?

Crestwood Equity Partners is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Crestwood Equity Partners.

How were Crestwood Equity Partners' earnings last quarter?

Crestwood Equity Partners LP (NYSE:CEQP) released its quarterly earnings results on Tuesday, February, 18th. The pipeline company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.09. The pipeline company earned $839.70 million during the quarter, compared to analysts' expectations of $799.79 million. Crestwood Equity Partners had a net margin of 8.96% and a return on equity of 4.83%. The business's quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. View Crestwood Equity Partners' earnings history.

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

Crestwood Equity Partners declared a quarterly dividend on Thursday, January 16th. Shareholders of record on Friday, February 7th will be given a dividend of $0.625 per share on Friday, February 14th. This represents a $2.50 annualized dividend and a yield of 65.79%. The ex-dividend date of this dividend is Thursday, February 6th. This is a positive change from Crestwood Equity Partners's previous quarterly dividend of $0.60. View Crestwood Equity Partners' dividend history.

What price target have analysts set for CEQP?

6 Wall Street analysts have issued 12-month price objectives for Crestwood Equity Partners' stock. Their forecasts range from $5.00 to $46.00. On average, they expect Crestwood Equity Partners' stock price to reach $30.67 in the next year. This suggests a possible upside of 707.0% from the stock's current price. View analysts' price targets for Crestwood Equity Partners.

Has Crestwood Equity Partners been receiving favorable news coverage?

News stories about CEQP stock have trended very negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Crestwood Equity Partners earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media stories about the pipeline company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutCrestwood Equity Partners.

Are investors shorting Crestwood Equity Partners?

Crestwood Equity Partners saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 2,718,100 shares, an increase of 16.2% from the February 27th total of 2,340,000 shares. Based on an average daily trading volume, of 619,900 shares, the short-interest ratio is presently 4.4 days. Approximately 5.4% of the company's stock are short sold. View Crestwood Equity Partners' Current Options Chain.

Who are some of Crestwood Equity Partners' key competitors?

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 LP Unit (ET), Enterprise Products Partners (EPD), Suburban Propane Partners (SPH), AT&T (T), Exxon Mobil (XOM), Kinder Morgan (KMI), Medley Capital (MCC), NGL Energy Partners (NGL), Prospect Capital (PSEC) and Paypal (PYPL).

Who are Crestwood Equity Partners' key executives?

Crestwood Equity Partners' management team includes the following people:
  • Mr. Robert G. Phillips, Chairman, Pres & CEO of Crestwood Equity GP LLC (Age 64)
  • Mr. Robert Thornbury Halpin III, Exec. VP & CFO of Crestwood Equity GP LLC (Age 35)
  • Mr. Steven Michael Dougherty, Sr. VP & Chief Accounting Officer of Crestwood Equity GP LLC (Age 46)
  • Mr. William H. Moore, Sr. VP of Strategy & Corp. Devel. of Crestwood Equity GP LLC (Age 39)
  • Mr. Josh Wannarka, VP of Investor Relations

What is Crestwood Equity Partners' stock symbol?

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

Who are Crestwood Equity Partners' major shareholders?

Crestwood Equity Partners' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Alps Advisors Inc. (8.23%), Goldman Sachs Group Inc. (6.76%), Tortoise Capital Advisors L.L.C. (3.09%), Tortoise Capital Advisors L.L.C. (3.09%), Brookfield Public Securities Group LLC (2.52%) and Bank of Montreal Can (1.67%). View institutional ownership trends for Crestwood Equity Partners.

Which major investors are selling Crestwood Equity Partners stock?

CEQP stock was sold by a variety of institutional investors in the last quarter, including Kayne Anderson Capital Advisors LP, Goldman Sachs Group Inc., Teacher Retirement System of Texas, CIBC Private Wealth Group LLC, Infrastructure Capital Advisors LLC, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Catalyst Capital Advisors LLC, and Alps Advisors Inc.. View insider buying and selling activity for Crestwood Equity Partners.

Which major investors are buying Crestwood Equity Partners stock?

CEQP stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Brookfield Public Securities Group LLC, Bank of America Corp DE, Tortoise Capital Advisors L.L.C., Tortoise Capital Advisors L.L.C., Cohen & Steers Inc., Credit Suisse AG, and Fort Washington Investment Advisors Inc. OH. View insider buying and selling activity for Crestwood Equity Partners.

How do I buy shares of Crestwood Equity Partners?

Shares of CEQP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Crestwood Equity Partners' stock price today?

One share of CEQP stock can currently be purchased for approximately $3.80.

How big of a company is Crestwood Equity Partners?

Crestwood Equity Partners has a market capitalization of $276.37 million and generates $3.18 billion in revenue each year. The pipeline company earns $285.10 million in net income (profit) each year or $0.01 on an earnings per share basis. Crestwood Equity Partners employs 843 workers across the globe. View additional information about Crestwood Equity Partners.

What is Crestwood Equity Partners' official website?

The official website for Crestwood Equity Partners is http://www.crestwoodlp.com/.

How can I contact Crestwood Equity Partners?

Crestwood Equity Partners' mailing address is 811 MAIN STREET SUITE 3400, HOUSTON TX, 77002. The pipeline company can be reached via phone at 832-519-2200 or via email at [email protected]


MarketBeat Community Rating for Crestwood Equity Partners (NYSE CEQP)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  288 (Vote Outperform)
Underperform Votes:  380 (Vote Underperform)
Total Votes:  668
MarketBeat's community ratings are surveys of what our community members think about Crestwood Equity Partners and other stocks. Vote "Outperform" if you believe CEQP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CEQP will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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