The stock of Crestwood Equity Partners LP (NYSE:CEQP) is a huge mover today! About 204,532 shares traded hands. Crestwood Equity Partners LP (NYSE:CEQP) has risen 76.50% since April 4, 2016 and is uptrending. It has outperformed by 75.41% the S&P500.
The move comes after 8 months positive chart setup for the $1.32B company. It was reported on Nov, 4 by Barchart.com. We have $30.77 PT which if reached, will make NYSE:CEQP worth $752.40 million more.
Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage
Out of 6 analysts covering Crestwood Equity (NYSE:CEQP), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Crestwood Equity has been the topic of 10 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Underweight” rating and $22 target price in Tuesday, June 21 report. The stock has “Mkt Perform” rating given by Raymond James on Monday, January 4. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, December 23. The stock of Crestwood Equity Partners LP (NYSE:CEQP) earned “Neutral” rating by Robert W. Baird on Monday, January 25. On Wednesday, February 24 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Crestwood Equity Partners LP (NYSE:CEQP) has “Neutral” rating given on Wednesday, March 30 by JP Morgan. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, May 4. The firm has “Underperform” rating by Bank of America given on Thursday, October 8.
According to Zacks Investment Research, “Crestwood Equity Partners LP offers a natural gas and storage business in Texas and an NGL and crude oil services business. It operates through three segments: Gathering and Processing, Gas Storage and Transportation, and NGL and Crude Services. The Company serves customers in the United States and Canada. Crestwood Equity Partners LP, formerly known as Inergy L.P., is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to Infinity in Q2 2016. Its up Infinity, from 0.67 in 2016Q1. The ratio is positive, as 0 funds sold all Crestwood Equity Partners LP shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 59,838 shares or 102.88% more from 29,494 shares in 2016Q1.
Bush Odonnell Invest Inc owns 17,727 shares or 0.24% of their US portfolio. Huntington National Bank & Trust holds 0% of its portfolio in Crestwood Equity Partners LP (NYSE:CEQP) for 625 shares. Jacobus Wealth Management Incorporated, a Wisconsin-based fund reported 11,141 shares. Focused Wealth Mngmt holds 1 shares or 0% of its portfolio. Trust Department Mb Comml Bank N A accumulated 425 shares or 0% of the stock.
Insider Transactions: Since May 16, 2016, the stock had 8 buys, and 0 sales for $24.98 million net activity. The insider First Reserve GP XI – Inc. bought 289,894 shares worth $6.00 million.
More notable recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” on November 01, 2016, also Fool.com with their article: “3 Reasons Why Crestwood Equity Partners LP Surged Nearly 20% in May” published on June 09, 2016, Fool.com published: “Why Crestwood Equity Partners LP Stock Is Rocketing Higher Today” on April 21, 2016. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Crestwood Equity Partners, Williams Partners and Sunoco” published on August 01, 2016 as well as Zacks.com‘s news article titled: “Should You Buy Crestwood Equity Partners (CEQP) Ahead of Earnings?” with publication date: November 03, 2016.
CEQP Company Profile
Crestwood Equity Partners LP, incorporated on March 7, 2001, is a holding and master limited partnership (MLP) company. The Firm develops, acquires, owns or controls, and operates assets and activities within the energy midstream sector. The Company’s divisions include gathering and processing (G&P), which includes its crude oil, natural gas and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business. The Firm provides infrastructure solutions to service natural gas and crude oil shale plays across the United States. It owns and operates a portfolio of natural gas and crude oil gathering, processing, storage and transportation assets.
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