What’s Propelling Crestwood Equity Partners LP (CEQP) to Increase So Much?

The stock of Crestwood Equity Partners LP (NYSE:CEQP) is a huge mover today! The stock increased 2.73% or $1.01 during the last trading session, reaching $38. About 540,068 shares traded or 117.12% up from the average. Crestwood Equity Partners LP (NYSE:CEQP) has risen 5.75% since September 13, 2018 and is uptrending. It has outperformed by 5.75% the S&P500.
The move comes after 5 months positive chart setup for the $2.72 billion company. It was reported on Sep, 13 by Barchart.com. We have $40.28 PT which if reached, will make NYSE:CEQP worth $163.14M more.

Analysts await Crestwood Equity Partners LP (NYSE:CEQP) to report earnings on October, 29. They expect $0.12 earnings per share, up 135.29 % or $0.46 from last year’s $-0.34 per share. CEQP’s profit will be $8.59M for 79.17 P/E if the $0.12 EPS becomes a reality. After $0.06 actual earnings per share reported by Crestwood Equity Partners LP for the previous quarter, Wall Street now forecasts 100.00 % EPS growth.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage

Among 3 analysts covering Crestwood Equity Partners (NYSE:CEQP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Crestwood Equity Partners has $4600 highest and $4200 lowest target. $44’s average target is 15.79% above currents $38 stock price. Crestwood Equity Partners had 5 analyst reports since March 19, 2019 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus on Wednesday, July 31 to “Buy”. The firm earned “Outperform” rating on Friday, August 23 by RBC Capital Markets. The rating was maintained by Bank of America on Tuesday, July 30 with “Buy”.

More notable recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Businesswire.com which released: “Crestwood Midstream Announces Pricing of Upsized Private Offering of $600 Million of 5.625% Senior Notes Due 2027 – Business Wire” on April 11, 2019, also Fool.com with their article: “Crestwood Equity Partners LP (CEQP) Q1 2019 Earnings Call Transcript – The Motley Fool” published on April 30, 2019, Seekingalpha.com published: “Getting To Yes – Seeking Alpha” on April 14, 2019. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) were released by: Fool.com and their article: “My Favorite High-Yield Dividend Stock for the Second Half of 2019 – The Motley Fool” published on June 30, 2019 as well as Benzinga.com‘s news article titled: “Bring Some Excitement To The MLP Trade – Benzinga” with publication date: June 20, 2019.

Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. The company has market cap of $2.72 billion. The company's Gathering and Processing Operations segment provides gathering and transportation services for crude oil, natural gas, and produced water; and processing, treating, and compression services for natural gas to producers in unconventional shale plays and tight-gas plays. It has a 13.04 P/E ratio. The Company’s Storage and Transportation Operations segment offers natural gas and crude oil storage and transportation services to producers, utilities, and other customers.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.