Crestwood Equity Partners (NYSE:CEQP) released its earnings results on Tuesday. The pipeline company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.30), MarketWatch Earnings reports. Crestwood Equity Partners had a positive return on equity of 3.23% and a negative net margin of 1.50%. The firm had revenue of $654.50 million for the quarter, compared to analyst estimates of $683.56 million. During the same period in the previous year, the firm earned $0.28 earnings per share. Crestwood Equity Partners’s revenue was down 22.1% on a year-over-year basis.
CEQP stock remained flat at $$21.51 during mid-day trading on Tuesday. The company’s stock had a trading volume of 25,943 shares, compared to its average volume of 658,389. Crestwood Equity Partners has a 12 month low of $2.65 and a 12 month high of $26.12. The business’s fifty day moving average price is $20.80 and its two-hundred day moving average price is $16.77. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 1.69. The stock has a market cap of $1.58 billion, a PE ratio of -16.38 and a beta of 3.75.
The company also recently announced a quarterly dividend, which was paid on Friday, February 12th. Shareholders of record on Friday, February 5th were paid a $0.625 dividend. The ex-dividend date was Thursday, February 4th. This represents a $2.50 dividend on an annualized basis and a yield of 11.62%. Crestwood Equity Partners’s dividend payout ratio (DPR) is currently 25,000.00%.
Several analysts recently commented on the stock. Capital One Financial lowered shares of Crestwood Equity Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 19th. Truist raised Crestwood Equity Partners from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, February 16th. Barclays increased their price target on Crestwood Equity Partners from $11.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 4th. Royal Bank of Canada upped their price objective on shares of Crestwood Equity Partners from $16.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, December 7th. Finally, Raymond James lifted their target price on shares of Crestwood Equity Partners from $17.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.44.
About Crestwood Equity Partners
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 for natural gas.
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