UBS Group cut shares of Crestwood Equity Partners (NYSE:CEQP) to a hold rating in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The brokerage currently has $14.00 price objective on the pipeline company’s stock.
Several other research analysts also recently weighed in on the company. ValuEngine raised Crestwood Equity Partners from a sell rating to a hold rating in a research note on Friday, May 1st. Raymond James upped their target price on Crestwood Equity Partners from $11.00 to $13.00 and gave the stock an outperform rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. upped their target price on Crestwood Equity Partners from $9.00 to $10.00 and gave the stock a neutral rating in a research note on Thursday, May 14th. Barclays downgraded Crestwood Equity Partners from an overweight rating to an equal weight rating and set a $5.00 price objective for the company. in a research note on Tuesday, March 24th. Finally, SunTrust Banks increased their price objective on Crestwood Equity Partners from $8.00 to $12.00 and gave the company a hold rating in a research note on Wednesday, May 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Crestwood Equity Partners has an average rating of Hold and a consensus target price of $21.89.
Shares of CEQP stock opened at $12.67 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.02 and a quick ratio of 0.95. The company has a market cap of $928.71 million, a price-to-earnings ratio of 19.06 and a beta of 4.28. The stock has a 50 day simple moving average of $14.20 and a 200-day simple moving average of $18.13. Crestwood Equity Partners has a 1-year low of $2.65 and a 1-year high of $40.00.
Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new stake in shares of Crestwood Equity Partners in the 4th quarter worth $45,000. Sunbelt Securities Inc. acquired a new stake in shares of Crestwood Equity Partners in the 4th quarter worth $11,694,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Crestwood Equity Partners in the 2nd quarter worth $36,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Crestwood Equity Partners by 37.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,010 shares of the pipeline company’s stock worth $123,000 after acquiring an additional 1,086 shares during the last quarter. Finally, Vestcor Investment Management Corp acquired a new stake in shares of Crestwood Equity Partners in the 4th quarter worth $131,000. 62.41% of the stock is owned by institutional investors and hedge funds.
Crestwood Equity Partners Company Profile
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.
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