Crestwood Equity Partners (NYSE:CEQP) Seems to Be a Stock That BidaskScore Is a Bit Wary of; Firm Downgrades Shares

Crestwood Equity Partners (NYSE:CEQP) Receives a Downgrade

BidaskScore decreased Crestwood Equity Partners (NYSE:CEQP) shares to a “Buy” rating in analysts report released today.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage

Among 2 analysts covering Crestwood Equity Partners (NYSE:CEQP), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Crestwood Equity Partners has $43 highest and $35 lowest target. $39’s average target is 7.88% above currents $36.15 stock price. Crestwood Equity Partners had 3 analyst reports since December 17, 2018 according to SRatingsIntel. Goldman Sachs upgraded the shares of CEQP in report on Monday, December 17 to “Buy” rating. The company was maintained on Wednesday, February 20 by Stifel Nicolaus.

The stock decreased 0.41% or $0.15 during the last trading session, reaching $36.15. About 137,807 shares traded. Crestwood Equity Partners LP (NYSE:CEQP) has risen 15.68% since May 18, 2018 and is uptrending. It has outperformed by 11.31% the S&P500.

Analysts await Crestwood Equity Partners LP (NYSE:CEQP) to report earnings on July, 30. They expect $0.02 earnings per share, up 108.70 % or $0.25 from last year’s $-0.23 per share. CEQP’s profit will be $1.44M for 451.88 P/E if the $0.02 EPS becomes a reality. After $-0.07 actual earnings per share reported by Crestwood Equity Partners LP for the previous quarter, Wall Street now forecasts -128.57 % EPS growth.

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 $2.60 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 currently has negative earnings. The Company’s Storage and Transportation Operations segment offers natural gas and crude oil storage and transportation services to producers, utilities, and other customers.

More notable recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Seekingalpha.com which released: “Crestwood Equity Partners: Low-Risk Growth Projects To Drive 15%+ DCF Growth Over 3 Years – Seeking Alpha” on March 18, 2019, also Seekingalpha.com with their article: “Crestwood Equity Partners: The Story Remains Alive With Earnings – Seeking Alpha” published on February 26, 2019, Nasdaq.com published: “3 Top Energy Stocks to Buy in May – Nasdaq” on May 11, 2019. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) were released by: Seekingalpha.com and their article: “Crestwood Equity Partners: An MLP With Upside – Seeking Alpha” published on February 08, 2016 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For February 19, 2019 – Benzinga” with publication date: February 19, 2019.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Chart

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