Crestwood Equity Partners LP (NYSE:CEQP) – US Capital Advisors boosted their Q1 2019 EPS estimates for shares of Crestwood Equity Partners in a research report issued on Monday, March 18th. US Capital Advisors analyst J. Carreker now forecasts that the pipeline company will post earnings per share of $0.12 for the quarter, up from their previous estimate of $0.04. US Capital Advisors currently has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Crestwood Equity Partners’ Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.15 EPS, FY2019 earnings at $0.66 EPS and FY2020 earnings at $1.11 EPS.
Other equities research analysts have also recently issued reports about the company. ValuEngine raised Crestwood Equity Partners from a “hold” rating to a “buy” rating in a report on Monday, March 11th. Wells Fargo & Co raised Crestwood Equity Partners from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Finally, Goldman Sachs Group raised Crestwood Equity Partners from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, December 17th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.57.
Crestwood Equity Partners (NYSE:CEQP) last announced its quarterly earnings data on Tuesday, February 19th. The pipeline company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.42. Crestwood Equity Partners had a return on equity of 4.07% and a net margin of 0.98%. The company had revenue of $768.40 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned ($2.04) EPS. The company’s quarterly revenue was down 38.4% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McGowan Group Asset Management Inc. grew its position in shares of Crestwood Equity Partners by 11.1% in the third quarter. McGowan Group Asset Management Inc. now owns 21,488 shares of the pipeline company’s stock valued at $790,000 after purchasing an additional 2,151 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Crestwood Equity Partners by 15.3% in the fourth quarter. Advisors Asset Management Inc. now owns 35,704 shares of the pipeline company’s stock valued at $996,000 after purchasing an additional 4,746 shares during the last quarter. Catalyst Capital Advisors LLC grew its position in shares of Crestwood Equity Partners by 2.3% in the fourth quarter. Catalyst Capital Advisors LLC now owns 224,402 shares of the pipeline company’s stock valued at $6,263,000 after purchasing an additional 5,145 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of Crestwood Equity Partners in the third quarter valued at approximately $214,000. Finally, Security National Bank of Sioux City Iowa IA acquired a new position in shares of Crestwood Equity Partners in the third quarter valued at approximately $221,000. Institutional investors and hedge funds own 71.55% of the company’s stock.
About Crestwood Equity Partners
Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. It operates through three segments: Gathering and Processing (G&P); Storage and Transportation (S&T); and Marketing, Supply and Logistics (MS&L). The G&P segment offers gathering and transportation services for natural gas, crude oil, and produced water; and processing, treating, and compression services.
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