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Monday, January 30, 2023

There’s No Getting Around Crestwood Equity Partners LP (NYSE: CEQP) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Crestwood Equity Partners LP (CEQP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.61, or 2.08%, to $29.95. The Crestwood Equity Partners LP has recorded 8,987 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Crestwood Announces Third Quarter 2022 Financial and Operating Results.


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Stocks Info

CEQP belongs to the Energy sector of the NYSE while operating in the Oil & Gas Midstream industry. At the end of the last regular session, the stock closed at $29.34 and fluctuated between $29.95 as its day high and $29.32 as its day low. The current market capitalization of Crestwood Equity Partners LP is $3.13B. A total of 0.63 million shares were traded on the day, compared to an average of 582.57K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, CEQP has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 1,828 and the disposition of 4,530 shares. Over the last 12 months, there were 29 BUYs and 26 SELLs from insiders. Insiders purchased 964,953 shares during that period but sold 332,444.

In the most recent transaction, Chord Energy Corp sold 11,400,000 shares of CEQP for 26.71 per share on Sep 15. After the transaction, the 10% Owner now owns 9,585,668 company shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Crestwood Equity Partners LP pays an annual dividend of $2.62, resulting in a dividend yield of 8.93%, and it has a price to earnings (P/E) ratio of 93.74. CEQP’s most recent ex-dividend date was 11/4/2022 when it declared a $0.6550 quarterly dividend that was paid in cash on 11/14/2022. Previously, the company paid the dividend on 8/12/2022 with an ex-dividend date of 8/4/2022. The CEQP stock dividend was $0.6550 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for CEQP in the last 3 months, the mean price target is $35.00 with high estimates of $36.00 and low estimates of $34.00. In terms of 52-week highs and lows, CEQP has a high of $32.96 and a low of $22.88.

As of this writing, CEQP has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.04 in the last quarter, which was -110.80% lower than expectations of $0.37.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CEQP is Overweight with a score of 4.50. A total of 5 analysts rated the stock as Buy while 2 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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