Crestwood Equity Partners LP has been one of the stocks most watched by Zacks.com users lately. If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan’s own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
The higher oil prices come at a time when the Federal Reserve and other central banks are trying to get a handle on decades-high inflation. The higher oil prices could increase the risk of a recession. CEQPCEQP should stay in this trend channel, but is subject to crude oil decline risk, which in turn would alter the movements into smaller gains and a longer horizon on the neon circle/price objective.
Key Earnings Data
For 2023, Crestwood Equity Partners LP expects to report net income in the range of $310.0 to $390.0 million. It also expects to report adjusted EBITDA in the range of $780.0 to $860.0 million, which, at the midpoint, represents year-over-year growth of eight percent. The surprise production cuts could see oil prices climb above $100.00 per barrel by this summer. OPEC+ had already cut its oil production by 2.0 million barrels per day last November. That was its largest production cut since the start of the COVID-19 pandemic, accounting for about two percent of global oil demand.
During the pandemic, a period when some companies were cutting or suspending their dividends, Crestwood actually increased its distribution. The chart below shows how a company’s share price and consensus price target have changed over time. The lighter blue line represents the stock’s consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock. The chart below shows how a company’s ratings by analysts have changed over time.
Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Crestwood Equity Partners LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.
Upcoming Dividend of US$0.63 Per Share
The time for startups to rethink venture capital alternatives has been gaining momentum. 2023 and the looming recession, and the demise of SVB creates an opportunity to seek opportunities outside the current investing norm. There may be delays, omissions, or inaccuracies in the Information. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Thanks to its long-term, fixed-fee contracts from a diverse mix of energy producers, Crestwood Equity Partners LP is able to generate a balanced cash flow mix from natural gas, crude oil, produced water, and NGLs. Crestwood Equity Partners saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 4,960,000 shares, an increase of 7.6% from the February 13th total of 4,610,000 shares. Based on an average daily volume of 616,700 shares, the days-to-cover ratio is currently 8.0 days. Crestwood Equity Partners LP develops, acquires, owns, controls, and operates assets and operations in the energy midstream sector in the United States. The public float for CEQP is 78.39M, and currently, short sellers hold a 6.37% ratio of that floaft.
Company Profile CEQP
Crestwood Equity Partners declared a quarterly dividend on Thursday, January 19th. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.655 per share on Tuesday, February 14th. This represents a $2.62 annualized dividend and a yield of 10.18%. The ex-dividend date of this dividend is Monday, February 6th. Crestwood Equity Partners’ stock was trading at $26.19 at the beginning of 2023. Since then, CEQP shares have decreased by 1.8% and is now trading at $25.73.
Real-time quotes, advanced visualizations, backtesting, and much more. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Crestwood said the divestiture is part of the company’s strategic realignment to finance growth in the Williston, Delaware and Powder River Basins. In comparison to the median Energy stock, CEQP’s EV/EBIT ratio is 189.34% higher, now standing at 28.5.
north korea’s illicit actionss are indicating that there were more than several insider trading activities at CEQP starting from Chord Energy Corp, who sale 11,400,000 shares at the price of $26.71 back on Sep 15. After this action, Chord Energy Corp now owns 9,585,668 shares of Crestwood Equity Partners LP, valued at $304,490,580 using the latest closing price. On April 3, the price of Brent crude oil spiked by 5.3% to $84.13 per barrel. Meanwhile, the price of West Texas Intermediate oil jumped by 5.5% to $79.83 per barrel.
Third quarter 2022 earnings: EPS and revenues miss analyst expectations
P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 9 people have added Crestwood Equity Partners to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days.
Enter your email address below to receive the DividendStocks.com newsletter, a concise daily summary of stocks that are about to go ex-dividend as well as new dividend announcements. We strive to promote health and maintain a high standard of safety for our company, the public and the environment through careful planning and responsible operations. The 2 year net cashflow from operations growth rate now stands at -4.4%. The Barchart Technical Opinion rating is a 56% Sell with a Weakening short term outlook on maintaining the current direction.
Crestwood announces common units secondary offering & concurrent common unit repurchase
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. These returns cover a period from January 1, 1988 through February 6, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -1.46% for the moving average over the last 20 days.
- Since then, CEQP shares have decreased by 1.8% and is now trading at $25.73.
- 2023 and the looming recession, and the demise of SVB creates an opportunity to seek opportunities outside the current investing norm.
- The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity.
- Only 14 people have searched for CEQP on MarketBeat in the last 30 days.
Net money flow is the value of uptick trades minus the value of downtick trades. Our calculations are based on comprehensive, delayed quotes. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.
https://1investing.in/ Equity downgraded to Neutral from Overweight at JPMorgan JPMorgan analyst Jeremy Tonet downgraded Crestwood Equity to Neutral from Overweight with a price target of $28, down… Crestwood Equity price target lowered to $28 from $35 at Truist Truist analyst Neal Dingmann lowered the firm’s price target on Crestwood Equity to $28 from $35 and keeps… JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions.
8 Wall Street research analysts have issued 12-month price objectives for Crestwood Equity Partners’ shares. Their CEQP share price forecasts range from $28.00 to $32.00. On average, they anticipate the company’s stock price to reach $30.00 in the next year. This suggests a possible upside of 16.6% from the stock’s current price. View analysts price targets for CEQP or view top-rated stocks among Wall Street analysts.
This is a lower news sentiment than the 0.52 average news sentiment score of Oils/Energy companies. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. According to analysts, Crestwood Equity Partners’s stock has a predicted upside of 19.93% based on their 12-month price targets. JSI uses funds from your Treasury Account to purchase T-bills in increments of $100 “par value” (the T-bill’s value at maturity). The value of T-bills fluctuate and investors may receive more or less than their original investments if sold prior to maturity.