Crestwood Equity Partners LP Stock Rating Upgraded by Zacks (CEQP)

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Crestwood Equity Partners LP (NYSE:CEQP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, AnalystRatings.Net reports. The firm currently has a $17.00 target price on the stock. Zacks‘ target price would suggest a potential upside of 28.69% from the company’s current price.

Crestwood Equity Partners LP (NYSE:CEQP) traded down 1.43% during mid-day trading on Tuesday, hitting $13.021. The stock had a trading volume of 276,174 shares. Crestwood Equity Partners LP has a 1-year low of $7.98 and a 1-year high of $16.89. The stock has a 50-day moving average of $13.37 and a 200-day moving average of $14.04. The company’s market cap is $2.227 billion.

The company also recently declared a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a boost from Crestwood Equity Partners LP’s previous quarterly dividend of $0.14.

Separately, analysts at Morgan Stanley downgraded shares of Crestwood Equity Partners LP from an “overweight” rating to an “equal weight” rating in a research note on Friday, December 6th.

To view Zacks’ full report, visit www.zacks.com

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