Crestwood Equity Partners LP [NYSE: CEQP] jumped around 1.13 points on Monday, while shares priced at $15.93 at the close of the session, up 7.64%. The company report on October 27, 2020 that Crestwood Announces Third Quarter 2020 Financial and Operating Results and Provides Preliminary 2021 Outlook.
Improved performance in the third quarter 2020 delivered net income of $4.6 million, Adjusted EBITDA of $136.0 million, and Distributable Cash Flow of $86.5 million, a 5% year-over-year increase.
Third quarter results include positive free cash flow after capital expenditures and distributions, distribution coverage of 1.9x, leverage of 4.1x, approximately $450 million in liquidity and no near-term maturities until 2023.
Crestwood Equity Partners LP stock is now -48.31% down from its year-to-date (YTD) trading value. CEQP Stock saw the intraday high of $16.83 and lowest of $15.20 per share. The company’s 52-week high price is 33.56, which means current price is +501.13% above from all time high which was touched on 01/16/20.
Compared to the average trading volume of 683.08K shares, CEQP reached a trading volume of 1096054 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Crestwood Equity Partners LP [CEQP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CEQP shares is $15.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CEQP stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Crestwood Equity Partners LP shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on July 22, 2020. The new note on the price target was released on May 12, 2020, representing the official price target for Crestwood Equity Partners LP stock. Previously, the target price had yet another raise to $8, while SunTrust analysts kept a Hold rating on CEQP stock.
The Average True Range (ATR) for Crestwood Equity Partners LP is set at 1.02, with the Price to Sales ratio for CEQP stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 1.09, with the Price to Cash per share for the same quarter was set at 0.21.
How has CEQP stock performed recently?
Crestwood Equity Partners LP [CEQP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.71. With this latest performance, CEQP shares gained by 11.48% in over the last four-week period, additionally plugging by 35.92% over the last 6 months – not to mention a drop of -52.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CEQP stock in for the last two-week period is set at 60.76, with the RSI for the last a single of trading hit 65.19, and the three-weeks RSI is set at 59.40 for Crestwood Equity Partners LP [CEQP]. The present Moving Average for the last 50 days of trading for this stock 13.86, while it was recorded at 14.88 for the last single week of trading, and 13.58 for the last 200 days.
Crestwood Equity Partners LP [CEQP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Crestwood Equity Partners LP [CEQP] shares currently have an operating margin of -2.48 and a Gross Margin at +5.78. Crestwood Equity Partners LP’s Net Margin is presently recorded at +9.73.
Return on Total Capital for CEQP is now -1.70, given the latest momentum, and Return on Invested Capital for the company is 7.21. Return on Equity for this stock inclined to 15.06, with Return on Assets sitting at 5.91. When it comes to the capital structure of this company, Crestwood Equity Partners LP [CEQP] has a Total Debt to Total Equity ratio set at 123.99. Additionally, CEQP Total Debt to Total Capital is recorded at 55.36, with Total Debt to Total Assets ending up at 44.80. Long-Term Debt to Equity for the company is recorded at 179.82, with the Long-Term Debt to Total Capital now at 54.86.
Reflecting on the efficiency of the workforce at the company, Crestwood Equity Partners LP [CEQP] managed to generate an average of $318,904 per employee. Receivables Turnover for the company is 11.87 with a Total Asset Turnover recorded at a value of 0.61.Crestwood Equity Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.
Earnings analysis for Crestwood Equity Partners LP [CEQP]
With the latest financial reports released by the company, Crestwood Equity Partners LP posted 0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.43/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -34.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CEQP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Crestwood Equity Partners LP go to 5.00%.
Insider trade positions for Crestwood Equity Partners LP [CEQP]
There are presently around $650 million, or 55.10% of CEQP stock, in the hands of institutional investors. The top three institutional holders of CEQP stocks are: FIRST RESERVE GP XI, INC. with ownership of 17,391,112, which is approximately 0% of the company’s market cap and around 7.26% of the total institutional ownership; ALPS ADVISORS INC, holding 6,076,508 shares of the stock with an approximate value of $96.8 million in CEQP stocks shares; and HARVEST FUND ADVISORS LLC, currently with $51.74 million in CEQP stock with ownership of nearly 29.17% of the company’s market capitalization.
Positions in Crestwood Equity Partners LP stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 41 institutional holders increased their position in Crestwood Equity Partners LP [NYSE:CEQP] by around 1,761,133 shares. Additionally, 45 investors decreased positions by around 4,103,763 shares, while 39 investors held positions by with 34,914,147 shares. The mentioned changes placed institutional holdings at 40,779,043 shares, according to the latest SEC report filing. CEQP stock had 11 new institutional investments in for a total of 503,564 shares, while 20 institutional investors sold positions of 635,465 shares during the same period.