Crestwood Equity Partners LP (NYSE:CEQP) closed the previous session at $34.85, up by 0.43 or 1.25% higher on its price over the last trading period. Shares of the company have traded -2.60% down in the last 5 days, with the price reaching as high as $35.78 since 10/09/19. The stock however has recovered +2.14% since hitting 5-day low of $34.12. The CEQP stock is -12.88% lower than the $40.00 top value it marked over a period of month. Crestwood Equity Partners LP (NYSE:CEQP) has a 52-week price range of $26.55- $40.00. The stock is 24.87% up year-to-date. Can CEQP go on to record further gains or will the drop below $34.42 be witnessed again in coming days?
The total number of analysts who have rated CEQP as a buy is 5, with just 0 of 10 recommending it as a Sell. 10 analysts of the 0 rated it as underweight; while 3 advised Hold and a further 2 say the stock is Overweight.
Lets us now look at some key statistics for the company and see what they tell us about its books. Crestwood Equity Partners LP has a market valuation of $2.52 billion, with its Enterprise Value at $5.71 billion. The enterprise value (EV) is 55.87% off Crestwood Equity Partners LP’s market cap. Shares traded in the last session stood at 144823 while the average trading volume is 302.11K. Insiders own 1.20% of the shares institutions own 75.40% as outstanding shares currently stand at 72.20 million. When we look at the 20-day simple moving average, CEQP is -5.24%, while that moves to -3.18% over its 50-day SMA and the SMA200 is 0.08%.
When we look at the consensus estimate for CEQP shares, we find that Wall Street analysts have given the average target price of $41.90. The earnings estimate for the current quarter is 0.15, lower than the 0.43 expected for the next quarter. The stock has earnings per share estimate ranging between a low of -0.13 and a high of 0.60, with the coefficient variance at 160.84. For this fiscal year, the estimate climbs to 8.00 versus the 8.00 expected for the next year. CEQP has current-year EPS range between a low of 0.57 and a high of 4.15, with the coefficient variance at 50.22.
The stock’s trailing per-earning (P/E) is $13.68 while the forward P/E is $23.39. The company’s trailing 12-month price-to-sales ratio is 0.78. In terms of profitability, the company has a profit margin of 6.50% and a trailing 12-month (ttm) operating margin of 12.30%. The company’s gross margin is 17.00%. CEQP is one of the hottest stocks right now and that shows in its potential upside on returns with a 4.60% ROA for the last 12 months and a return on equity (ROE) of 16.60% over the same period.
For the fiscal quarter ending 9/29/2018, Crestwood Equity Partners LP had revenue of $712.1M. The earnings per share for the most recent quarter were -0.34. The EPS for the recent quarter missed consensus estimates by -$0.33 per share after analysts had predicted -$0.01. EPS posted in 2 out of the last 4 quarters have beaten analysts’ estimates. The company’s total fiscal year 2019 revenue is $3.31 billion and an EPS of $2.55, while the annualized dividend $2.40. Current yields for investors stand at 6.89% and the next payment date is 10/30/2019.
The investor community is excited about the CEQP stock, with the Barchart 16% Buy showing that the stock could be headed for a massive uptrend. The stock’s 1-month chart already shows that the stock is -11.99% down and -5.07% lower in the last 3 months. Its 12-month performance is showing the stock trending lower by -5.71%. There might be a slight pullback as $35.26 is the first resistance point and if crossed $35.67 should come in play as the second resistance level. CEQP could see support around 34.43 and will later test the 34.02 support.