Crestwood Equity Partners LP [NYSE: CEQP] gained 10.75% or 2.62 points to close at $26.99 with a heavy trading volume of 1266975 shares. The company report on March 26, 2021 that Crestwood Equity Partners LP Announces Strategic Transactions with Crestwood Holdings and Provides Update to 2021 Strategic Outlook.
Crestwood and First Reserve have agreed to a series of transactions that provide First Reserve a complete exit from its investment in Crestwood Equity Partners LP, transferring control of the general partner interest to Crestwood and transitioning Crestwood to a publicly elected board of directors in accordance with ESG strategy.
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Transaction results in greater than 15% accretion to distributable cash flow per unit, increased free cash flow, larger public trading float and enhanced credit profile.
It opened the trading session at $26.07, the shares rose to $27.43 and dropped to $25.35, the range by which the price of stock traded the whole day. The daily chart for CEQP points out that the company has recorded 123.98% gains over the past six months. However, it is still -715.41% lower than its most recent low trading price.
If we look at the average trading volume of 616.76K shares, CEQP reached to a volume of 1266975 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $24.33 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 2.40. 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.
CapitalOne have made an estimate for Crestwood Equity Partners LP shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on March 26, 2021. The new note on the price target was released on February 26, 2021, representing the official price target for Crestwood Equity Partners LP stock. Previously, the target price had yet another raise to $26, while Truist analysts kept a Buy rating on CEQP stock. On February 08, 2021, analysts increased their price target for CEQP shares from 15 to 22.
The Average True Range (ATR) for Crestwood Equity Partners LP is set at 1.27, with the Price to Sales ratio for CEQP stock in the period of the last 12 months amounting to 0.80. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 0.21. Price to Free Cash Flow for CEQP in the course of the last twelve months was 31.72 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for CEQP stock
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 8.83. With this latest performance, CEQP shares gained by 21.30% in over the last four-week period, additionally plugging by 123.98% over the last 6 months – not to mention a rise of 456.49% 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 67.17, with the RSI for the last a single of trading hit 70.39, and the three-weeks RSI is set at 65.55 for Crestwood Equity Partners LP [CEQP]. The present Moving Average for the last 50 days of trading for this stock 22.67, while it was recorded at 24.68 for the last single week of trading, and 17.07 for the last 200 days.
Crestwood Equity Partners LP [CEQP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Crestwood Equity Partners LP [CEQP] shares currently have an operating margin of -0.02 and a Gross Margin at +10.92. Crestwood Equity Partners LP’s Net Margin is presently recorded at -2.75.
Return on Total Capital for CEQP is now -0.01, given the latest momentum, and Return on Invested Capital for the company is -1.32. Return on Equity for this stock declined to -3.13, with Return on Assets sitting at -1.06. 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 152.95. Additionally, CEQP Total Debt to Total Capital is recorded at 60.47, with Total Debt to Total Assets ending up at 48.29. Long-Term Debt to Equity for the company is recorded at 240.96, with the Long-Term Debt to Total Capital now at 60.04.
Reflecting on the efficiency of the workforce at the company, Crestwood Equity Partners LP [CEQP] managed to generate an average of -$76,744 per employee. Receivables Turnover for the company is 8.09 with a Total Asset Turnover recorded at a value of 0.39.Crestwood Equity Partners LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.
Crestwood Equity Partners LP [CEQP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Crestwood Equity Partners LP posted -0.66/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -400.00%. 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%.
An analysis of insider ownership at Crestwood Equity Partners LP [CEQP]
There are presently around $1,135 million, or 51.60% 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 2.70% of the total institutional ownership; ALPS ADVISORS INC, holding 6,419,825 shares of the stock with an approximate value of $173.27 million in CEQP stocks shares; and HARVEST FUND ADVISORS LLC, currently with $87.66 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 February and at the time of the February reporting period, where 49 institutional holders increased their position in Crestwood Equity Partners LP [NYSE:CEQP] by around 4,441,265 shares. Additionally, 50 investors decreased positions by around 3,662,083 shares, while 26 investors held positions by with 33,946,504 shares. The mentioned changes placed institutional holdings at 42,049,852 shares, according to the latest SEC report filing. CEQP stock had 21 new institutional investments in for a total of 1,152,520 shares, while 16 institutional investors sold positions of 451,251 shares during the same period.