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NYSE:CEQP

Crestwood Equity Partners - CEQP Stock Forecast, Price & News

$29.00
+0.60 (+2.11%)
(As of 11/29/2022 03:59 PM ET)
Add
Compare
Today's Range
$28.65
$29.11
50-Day Range
$26.21
$30.91
52-Week Range
$22.88
$32.96
Volume
18,167 shs
Average Volume
497,227 shs
Market Capitalization
$3.03 billion
P/E Ratio
116.00
Dividend Yield
8.99%
Price Target
$36.00

Crestwood Equity Partners MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
24.2% Upside
$36.00 Price Target
Short Interest
Bearish
3.15% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$304.49 M Sold Last Quarter
Proj. Earnings Growth
192.06%
From $0.63 to $1.84 Per Share

Overall MarketRank

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

2.00 out of 5 stars

Oils/Energy Sector

106th out of 248 stocks

Gas Transmission & Distribution Industry

2nd out of 6 stocks

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. It 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 0.4 Bcf/d of gathering capacity and 0.5 Bcf/d of processing capacity; crude oil facilities with approximately 150,000 Bbls/d of gathering capacity and 266,000 Bbls of storage capacity; and produced water facilities with approximately 130,000 Bbls/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 Marcellus, Barnett, and Delaware basins. This segment owns and operates natural gas facilities with 2.5 Bcf/d of gathering capacity and 0.7 Bcf/d of processing capacity; and produced water facilities with approximately 75,000 Bbls/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.

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CEQP Stock News Headlines

CEQP Crestwood Equity Partners LP
CEQP.PR Crestwood Equity Partners LP
Crestwood (CEQP) to Divest Marcellus Shale Assets for $205M
Crestwood Announces Leadership Promotions
See More Headlines
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CEQP Company Calendar

Last Earnings
10/25/2021
Ex-Dividend for 11/14 Dividend
11/04/2022
Dividend Payable
11/14/2022
Today
11/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Gas transmission & distribution
Sub-Industry
N/A
Employees
645
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$36.00
High Stock Price Forecast
$38.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+24.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-78,500,000.00
Pretax Margin
1.66%

Debt

Sales & Book Value

Annual Sales
$4.57 billion
Cash Flow
$2.73 per share
Book Value
$14.64 per share

Miscellaneous

Free Float
98,268,000
Market Cap
$3.03 billion
Optionable
Optionable
Beta
2.57

Key Executives

  • Mr. Robert G. Phillips (Age 67)
    Founder, Chairman & CEO of Crestwood Equity GP LLC
    Comp: $2.96M
  • Mr. Robert Thornbury Halpin III (Age 38)
    Pres
    Comp: $1.55M
  • Mr. Steven Michael Dougherty (Age 49)
    Exec. VP & Chief Accounting Officer
    Comp: $1.24M
  • Mr. Joel Christian Lambert (Age 53)
    Exec. VP, Chief Legal, Safety & Compliance Officer
    Comp: $1.25M
  • Mr. William H. Moore (Age 42)
    Exec. VP of Corp. Strategy
    Comp: $1.21M
  • Mr. John Black III
    Exec. VP & CFO
  • Mr. Diaco Aviki (Age 48)
    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













CEQP Stock - Frequently Asked Questions

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

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.
View CEQP analyst ratings
or view top-rated stocks.

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

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.
View analysts price targets for CEQP
or view top-rated stocks among Wall Street analysts.

How have CEQP shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

Are investors shorting Crestwood Equity Partners?

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
.

When is Crestwood Equity Partners' next earnings date?

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

How were Crestwood Equity Partners' earnings last quarter?

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.

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, 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
.

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 8.99%. 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.

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."

Who are Crestwood Equity Partners' major shareholders?

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.
View institutional ownership trends
.

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 $28.98.

How much money does Crestwood Equity Partners make?

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.

How many employees does Crestwood Equity Partners have?

The company employs 645 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 11/29/2022 by MarketBeat.com Staff