Crestwood Equity Partners LP (NYSE:CEQP) has a beta value of 4.1 and has seen 943,042 shares traded in the last trading session. The company, currently valued at $1.05 Billion, closed the last trade at $14.29 per share which meant it lost -$0.32 on the day or -2.19% during that session. The CEQP stock price is -158.99% off its 52-week high price of $37.01 and 81.46% above the 52-week low of $2.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 559.54 Million shares traded. The 3-month trading volume is 754.14 Million shares.
The consensus among analysts is that Crestwood Equity Partners LP (CEQP) is a Hold stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while 2 rate it as Overweight. 5 out of 9 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Crestwood Equity Partners LP (NYSE:CEQP) trade information
Despite being -2.19% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Oct 14 when the CEQP stock price touched $15.52- or saw a rise of 7.93%. Year-to-date, Crestwood Equity Partners LP shares have moved -53.63%, while the 5-day performance has seen it change -2.12%. Over the past 30 days, the shares of Crestwood Equity Partners LP (NYSE:CEQP) have changed 3.78%. Short interest in the company has seen 3.99 Million shares shorted with days to cover at 0.01.
Wall Street analysts have a consensus price target for the stock at $14.67, which means that the shares’ value could jump 2.66% from current levels. The projected low price target is $11 while the price target rests at a high of $20. In that case, then, we find that the current price level is +39.96% off the targeted high while a plunge would see the stock lose -23.02% from current levels.
Crestwood Equity Partners LP (CEQP) estimates and forecasts
Figures show that Crestwood Equity Partners LP shares have underperformed across the wider relevant industry. The company’s shares have gained +118.84% over the past 6 months, with this year growth rate of -145.39%, compared to -12.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -150% and -42.9% for the next quarter. Revenue growth from the last financial year stood is estimated to be -24.5%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.8% over the past 5 years. Earnings growth for 2020 is a modest -143.7% while over the next 5 years, the company’s earnings are expected to increase by 5%.
Crestwood Equity Partners LP is expected to release its next earnings report between October 27 and October 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.5 at a share yield of 17.11%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 14.87%.