Price Action Alert: Is Buying Stock Like Crestwood Equity Partners LP After Such Increase Winning Strategy?

Price Action Alert: Is Buying Stock Like Crestwood Equity Partners LP After Such Increase Winning Strategy?

The stock of Crestwood Equity Partners LP (NYSE:CEQP) is a huge mover today! About 232,301 shares traded hands. Crestwood Equity Partners LP (NYSE:CEQP) has risen 10.19% since April 27, 2016 and is uptrending. It has outperformed by 4.97% the S&P500.
The move comes after 7 months positive chart setup for the $1.54 billion company. It was reported on Nov, 30 by Barchart.com. We have $24.69 PT which if reached, will make NYSE:CEQP worth $138.60 million more.

Analysts await Crestwood Equity Partners LP (NYSE:CEQP) to report earnings on February, 28. They expect $0.20 EPS, up 116.53% or $1.41 from last year’s $-1.21 per share. CEQP’s profit will be $13.60 million for 28.31 P/E if the $0.20 EPS becomes a reality. After $-0.14 actual EPS reported by Crestwood Equity Partners LP for the previous quarter, Wall Street now forecasts -242.86% EPS growth.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage

Out of 6 analysts covering Crestwood Equity (NYSE:CEQP), 0 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 0 are positive. Crestwood Equity has been the topic of 11 analyst reports since August 17, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with “Hold” rating and $20 target price in Monday, November 7 report. Raymond James downgraded the shares of CEQP in a report on Monday, January 4 to “Mkt Perform” rating. The stock of Crestwood Equity Partners LP (NYSE:CEQP) earned “Neutral” rating by Robert W. Baird on Monday, January 25. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, May 4. The company was maintained on Wednesday, February 24 by Barclays Capital. The firm has “Underperform” rating given on Thursday, October 8 by Bank of America. JP Morgan maintained Crestwood Equity Partners LP (NYSE:CEQP) rating on Wednesday, March 30. JP Morgan has “Neutral” rating and $12.50 price target. On Tuesday, June 21 the stock rating was maintained by Barclays Capital with “Underweight”. As per Wednesday, December 23, the company rating was maintained by Barclays Capital.

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 decreased to 0 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio dropped, 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.
Tru Department Mb State Bank N A accumulated 425 shares or 0% of the stock. Moreover, Huntington Commercial Bank has 0% invested in Crestwood Equity Partners LP (NYSE:CEQP) for 625 shares. Bush Odonnell Advisors accumulated 17,727 shares or 0.24% of the stock. Focused Wealth Mngmt last reported 1 shares in the company. Jacobus Wealth Management holds 0.07% of its portfolio in Crestwood Equity Partners LP (NYSE:CEQP) for 11,141 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 0 selling transactions for $1.12 million net activity. First Reserve GP XI – Inc. bought $4.53 million worth of stock.

More notable recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Fool.com which released: “3 Reasons Why Crestwood Equity Partners LP Surged Nearly 20% in May” on June 09, 2016, also Fool.com with their article: “Why Crestwood Equity Partners LP Stock Is Rocketing Higher Today” published on April 21, 2016, Forbes.com published: “Ex-Dividend Reminder: Crestwood Equity Partners, Williams Partners and Sunoco” on August 01, 2016. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” published on November 01, 2016 as well as Equitiesfocus.com‘s news article titled: “Crestwood Equity Partners LP (NYSE:CEQP) Dividend At $0.6 Per Share” with publication date: November 30, 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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