In last trading session, Crestwood Equity Partners LP (NYSE:CEQP) saw 0.32 million shares changing hands with its beta currently measuring 3.27. Company’s recent per share price level of $29.44 trading at $0.53 or 1.83% at ring of the bell on the day assigns it a market valuation of $1.83B. That closing price of CEQP’s stock is at a discount of -15.29% from its 52-week high price of $33.94 and is indicating a premium of 35.87% from its 52-week low price of $18.88. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.52 million shares which gives us an average trading volume of 505.12K if we extend that period to 3-months.
For Crestwood Equity Partners LP (CEQP), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 2 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.37 in the current quarter.
Crestwood Equity Partners LP (NYSE:CEQP) trade information
Upright in the green during last session for gaining 1.83%, in the last five days CEQP remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $29.44 price level, adding 3.48% to its value on the day. Crestwood Equity Partners LP’s shares saw a change of 6.71% in year-to-date performance and have moved 3.08% in past 5-day. Crestwood Equity Partners LP (NYSE:CEQP) showed a performance of 16.78% in past 30-days. Number of shares sold short was 3.32 million shares which calculate 7.3 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $33.63 to the stock, which implies a rise of 12.46% to its current value. Analysts have been projecting $30.00 as a low price target for the stock while placing it at a high target of $40.00. It follows that stock’s current price would drop -35.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.9% for stock’s current value.
Crestwood Equity Partners LP (CEQP) estimates and forecasts
Statistics highlight that Crestwood Equity Partners LP is scoring comparatively lower than the scores of other players of the relevant industry. The company added 13.23% of value to its shares in past 6 months, showing an annual growth rate of -68.55% while that of industry is -6.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 1,133.30% in the current quarter and calculating 187.20% increase in the next quarter. This year revenue growth is estimated to rise 99.20% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.3 billion for the same. And 2 analysts are in estimates of company making revenue of $1.55 billion in the next quarter that will end on Mar 2022. Company posted $654.5 million and $1.03 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 98.90% while estimating it to be 50.10% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 50.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -154.60% while estimates for its earnings growth in next 5 years are of 5.00%.
Crestwood Equity Partners LP is more likely to be releasing its next quarterly report between February 21 and February 25 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 8.49%, the share has a forward dividend of 2.50 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 10.71%.
Crestwood Equity Partners LP (NYSE:CEQP)’s Major holders
Insiders are in possession of 14.83% of company’s total shares while institution are holding 47.08 percent of that, with stock having share float percentage of 55.29%. Investors also watch the number of corporate investors in a company very closely, which is 47.08% institutions for Crestwood Equity Partners LP that are currently holding shares of the company. Alps Advisors Inc. is the top institutional holder at CEQP for having 7.26 million shares of worth $206.12 million. And as of Sep 29, 2021, it was holding 11.55% of the company’s outstanding shares.
The second largest institutional holder is Tortoise Capital Advisors, LLC, which was holding about 2.58 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.10% of outstanding shares, having a total worth of $73.16 million.
On the other hand, Alps ETF Tr-Alerian MLP ETF and Global X Fds-Global X MLP ETF are the top two Mutual Funds which own company’s shares. As of Aug 30, 2021, the former fund manager was holding 7.5 million shares of worth $197.62 million or 11.92% of the total outstanding shares. The later fund manager was in possession of 1.75 million shares on Oct 30, 2021, making its stake of worth around $50.92 million in the company or a holder of 2.78% of company’s stock.