The stock of Crestwood Equity Partners LP (NYSE:CEQP) increased by $0.73 on Wednesday to $26.92, up 2.79 percent. The last five days have seen an average of 608,253 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.78. The average number of shares traded over the last 20 days was 562,728, while the average volume over the last 50 days totaled 459,891.
CEQP stock dropped -4.64% since last month. On 08/10/23, the company’s shares reached a one-month low of $25.29. The stock touched a high of $31.46 on 07/24/23, after rallying from a low of $22.11 in 52 weeks. The price of CEQP stock has risen by 2.79% or $0.78 this year, reaching a new high 9 times. Still, the stock price is down -14.43% from the 52-week high.
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Insider Transactions
CEQP stock investors should be aware that Crestwood Equity Partners LP (CEQP) stock had its last reported insider trading activity 335 days ago on Sep 15. On Sep 15, 10% Owner Chord Energy Corp sold 11,400,000 shares at $26.71 each. This transaction resulted in the insider making $304,490,580.
Valuation Metrics
Crestwood Equity Partners LP (CEQP) has a trailing price-to-earnings (P/E) ratio of 28.64. Beta for the stock is 2.43. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.52, the price-to-book (PB) ratio of 2.17, and the price-to-cash flow ratio of 14.60.
Company paid $0.6550 per share in dividends, remained unchanged from $0.6550 last year. A $0.03 dividend increase was reported on Thursday April 14 2022.
Financial Health
For the recent quarter, Crestwood Equity Partners LP’s quick ratio was 1.10, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 2.50, and the total debt to equity ratio is 2.50. As far as profitability goes, gross margin for the trailing twelve months is 20.00% percent. Crestwood Equity Partners LP’s EBITDA margin for the recent year was 2.53%, whereas its operating margin stood at 5.30% for the same period. Based on annual data, it had gross profit of $1.0 billion and revenue of $6.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CEQP’s return on assets (ROA) during the last 12 months has been 1.60%. There was a 5.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.00%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.02 billion, while revenues fell by -41.79% to $1.26 billion. EBITDA was $157.4 million for the quarter. At the end of Crestwood Equity Partners LP’s most recent quarter, its liabilities totaled 3.95 billion, while its total debt was $3.29 billion. Equity owned by shareholders amounts to $105.24 million.
Technical Picture
Here’s a quick look at Crestwood Equity Partners LP’s (CEQP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 50.48%, suggesting the stock is Neutral, with a 31.84% historical volatility rate.
The stochastic %K and %D were 31.73% and 26.48% respectively, while the average true range (ATR) was 0.89. Based on the 14-day stochastic reading of 42.64%, the RSI (14) reading is 48.94%. On the 9-day MACD Oscillator, the stock is at 0.21, and the 14-day reading is at -0.38.
Analyst Ratings
Crestwood Equity Partners LP (NYSE: CEQP) was downgraded by Citigroup to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Crestwood Equity Partners LP (CEQP) an Overweight rating. CEQP is a stock that is recommended for selling by 1 brokerage firm, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 4 others recommend it as a buy.
What is CEQP’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.00 and $32.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for Crestwood Equity Partners LP (CEQP) is $29.10.
