Crestwood Equity Partners (NYSE:CEQP) was upgraded by research analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday.

Other equities research analysts have also recently issued reports about the stock. UBS Group upgraded shares of Crestwood Equity Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $26.00 to $27.00 in a research report on Monday, December 4th. Stifel Nicolaus set a $27.00 target price on shares of Crestwood Equity Partners and gave the company a “buy” rating in a research report on Tuesday, October 31st. ValuEngine upgraded shares of Crestwood Equity Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, BidaskClub cut shares of Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Crestwood Equity Partners has an average rating of “Buy” and a consensus price target of $27.00.

Shares of Crestwood Equity Partners (CEQP) opened at $25.30 on Thursday. The company has a market cap of $1,780.00, a PE ratio of -8.97 and a beta of 2.49. 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 has a 12-month low of $20.00 and a 12-month high of $28.30.

Crestwood Equity Partners (NYSE:CEQP) last issued its earnings results on Tuesday, October 31st. The pipeline company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.65). The business had revenue of $955.60 million during the quarter, compared to analyst estimates of $830.77 million. Crestwood Equity Partners had a negative net margin of 5.36% and a negative return on equity of 3.34%. Crestwood Equity Partners’s quarterly revenue was up 62.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) earnings per share. sell-side analysts anticipate that Crestwood Equity Partners will post -1.61 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alliancebernstein L.P. grew its holdings in shares of Crestwood Equity Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 12,436 shares of the pipeline company’s stock valued at $292,000 after purchasing an additional 696 shares during the period. California Public Employees Retirement System grew its holdings in shares of Crestwood Equity Partners by 3.0% in the third quarter. California Public Employees Retirement System now owns 118,177 shares of the pipeline company’s stock valued at $2,884,000 after purchasing an additional 3,425 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in shares of Crestwood Equity Partners in the third quarter valued at about $106,000. JPMorgan Chase & Co. grew its holdings in shares of Crestwood Equity Partners by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 755,042 shares of the pipeline company’s stock valued at $17,743,000 after purchasing an additional 4,553 shares during the period. Finally, Intrinsic Edge Capital Management LLC grew its holdings in shares of Crestwood Equity Partners by 9.6% in the second quarter. Intrinsic Edge Capital Management LLC now owns 57,051 shares of the pipeline company’s stock valued at $1,341,000 after purchasing an additional 5,000 shares during the period. 65.46% of the stock is owned by hedge funds and other institutional investors.

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Crestwood Equity Partners Company Profile

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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