Crestwood Equity Partners (NYSE:CEQP) Rating Upped

CapitalOne upped Crestwood Equity Partners (NYSE:CEQP)’s stock to “Overweight” rating from “Equal Weight”. This rating change was released in a note today.

According to data compiled by Thomson Reuters, Crestwood Equity Partners (NYSE:CEQP)’s stock is covered by 6 equity analysts across the Street, with 1 analysts giving it a Sell rating, 1 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $16.83, which reflects an downside potential of 29.58% over the current price.

Crestwood Equity Partners (NYSE:CEQP) Profile

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

Crestwood Equity Partners (NYSE:CEQP) traded up 1.06% on 26 January, hitting $23.9. A total of 90,972 shares of the company’s stock traded hands. This is down from average of 182,533 shares. Crestwood Equity Partners has a 52 week low of $18.50 and a 52 week high of $28.3. The company has a market cap of $1.67B and a P/E ratio of 0.

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The post Crestwood Equity Partners (NYSE:CEQP) was Increased at CapitalOne from a “Equal Weight” Rating to “Overweight” One appeared first on Octafinance.