Crestwood Equity Partners (CEQP) Scheduled to Post Earnings on Tuesday

Share on StockTwits

Crestwood Equity Partners (NYSE:CEQP) will be posting its quarterly earnings results before the market opens on Tuesday, October 30th. Analysts expect Crestwood Equity Partners to post earnings of ($0.02) per share for the quarter.

Crestwood Equity Partners (NYSE:CEQP) last issued its quarterly earnings results on Tuesday, July 31st. The pipeline company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.16). Crestwood Equity Partners had a negative return on equity of 1.09% and a negative net margin of 4.14%. The company had revenue of $840.50 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company earned ($0.28) EPS. Crestwood Equity Partners’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, analysts expect Crestwood Equity Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE CEQP opened at $37.15 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. Crestwood Equity Partners has a 1-year low of $22.15 and a 1-year high of $40.55. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -32.03, a P/E/G ratio of 83.84 and a beta of 2.66.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $2.40 annualized dividend and a yield of 6.46%. Crestwood Equity Partners’s dividend payout ratio (DPR) is -206.90%.

A number of research analysts have recently commented on the company. Bank of America increased their price objective on Crestwood Equity Partners from $34.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. Stifel Nicolaus increased their price objective on Crestwood Equity Partners from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, August 1st. ValuEngine upgraded Crestwood Equity Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Barclays increased their price objective on Crestwood Equity Partners from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Wednesday, August 29th. Finally, SunTrust Banks assumed coverage on Crestwood Equity Partners in a report on Thursday, July 12th. They issued a “buy” rating and a $36.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Crestwood Equity Partners currently has a consensus rating of “Buy” and an average price target of $36.29.

About Crestwood Equity Partners

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.

Further Reading: Stop Order Uses For Individual Investors

Earnings 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.

Leave a Reply