Crestwood Equity Partners (CEQP) Earns Media Impact Score of 0.09
News articles about Crestwood Equity Partners (NYSE:CEQP) have trended somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Crestwood Equity Partners earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the pipeline company an impact score of 46.2919429356729 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Crestwood Equity Partners (CEQP) and The Competition Head-To-Head Survey (americanbankingnews.com)
- CEQP Crosses Critical Technical Indicator – Nasdaq.com – Nasdaq (nasdaq.com)
- CRESTWOOD EQUITY PARTNERS LP (NYSE:CEQP) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year (4-traders.com)
- Crestwood Equity Partners (CEQP) and Its Rivals Critical Review (americanbankingnews.com)
- Crestwood Equity Partners LP (CEQP) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of Crestwood Equity Partners (NYSE:CEQP) opened at $22.80 on Friday. Crestwood Equity Partners has a 1 year low of $20.00 and a 1 year high of $28.30. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.94 and a quick ratio of 0.75.
Crestwood Equity Partners (NYSE:CEQP) last released its earnings results on Tuesday, October 31st. The pipeline company reported ($0.72) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.65). Crestwood Equity Partners had a negative return on equity of 3.34% and a negative net margin of 5.36%. The firm had revenue of $955.60 million for the quarter, compared to analyst estimates of $830.77 million. During the same period last year, the business earned ($0.14) earnings per share. The firm’s quarterly revenue was up 62.6% compared to the same quarter last year. research analysts anticipate that Crestwood Equity Partners will post -1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend was Monday, November 6th. Crestwood Equity Partners’s dividend payout ratio (DPR) is presently -85.11%.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus raised Crestwood Equity Partners from a “hold” rating to a “buy” rating and lifted their target price for the stock from $27.00 to $28.00 in a research report on Wednesday, August 2nd. BidaskClub downgraded Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Crestwood Equity Partners presently has an average rating of “Hold” and an average target price of $27.20.
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About Crestwood Equity Partners
Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil 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.
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