Crestwood Equity Partners LP (CEQP) To Go Ex-Dividend on November 5th

Crestwood Equity Partners LP (NYSE:CEQP) declared a quarterly dividend on Friday, October 16th, Wall Street Journal reports. Stockholders of record on Friday, November 6th will be paid a dividend of 0.625 per share by the pipeline company on Friday, November 13th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 17.49%. The ex-dividend date of this dividend is Thursday, November 5th.

Crestwood Equity Partners has decreased its dividend payment by 24.4% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of NYSE CEQP opened at $14.29 on Friday. The company has a market capitalization of $1.05 billion, a P/E ratio of -15.20 and a beta of 4.05. Crestwood Equity Partners has a 52-week low of $2.65 and a 52-week high of $37.01. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.79 and a current ratio of 1.10. The company’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.35.

Crestwood Equity Partners (NYSE:CEQP) last issued its quarterly earnings results on Tuesday, August 4th. The pipeline company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.52). The firm had revenue of $352.70 million during the quarter, compared to analyst estimates of $495.13 million. Crestwood Equity Partners had a positive return on equity of 5.18% and a negative net margin of 0.26%. The firm’s revenue for the quarter was down 48.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. Analysts forecast that Crestwood Equity Partners will post -0.11 earnings per share for the current year.

A number of research analysts have recently issued reports on the stock. TheStreet downgraded shares of Crestwood Equity Partners from a “c” rating to a “d+” rating in a research report on Tuesday, August 4th. Raymond James boosted their target price on shares of Crestwood Equity Partners from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Wells Fargo & Company downgraded shares of Crestwood Equity Partners from an “equal weight” rating to an “underweight” rating and set a $11.00 target price on the stock. in a research report on Wednesday, July 22nd. Finally, UBS Group downgraded shares of Crestwood Equity Partners to a “hold” rating and set a $14.00 target price on the stock. in a research report on Tuesday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Crestwood Equity Partners presently has a consensus rating of “Hold” and a consensus target price of $11.17.

Crestwood Equity Partners Company Profile

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 for natural gas.

See Also: Momentum Indicator: Relative Strength Index

Dividend History for Crestwood Equity Partners (NYSE:CEQP)

Receive News & Ratings for Crestwood Equity Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crestwood Equity Partners and related companies with MarketBeat.com's FREE daily email newsletter.