Crestwood Equity (NYSE:CEQP) Has Just Had Its Price Objective Downgraded by Researchers at Robert W. Baird to $26.00


Analysis: Crestwood Equity (NYSE:CEQP) Price Target Change Today

In a very recent research note revealed to clients and investors by Robert W. Baird on 4 December, the firm, Crestwood Equity (NYSE:CEQP), had their target cut to $26.00. Analusts now have a solid Outperform rating on the stock.

From a total of 5 analysts covering Crestwood Equity (NYSE:CEQP) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $70 while the lowest target price is $25. The mean of all analyst targets is $46.2 with a -76.85% below today’s ($14.04) stock price. Crestwood Equity was the topic of 2 analyst reports since August 17, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on October 8 to “Underperform” rating.

The stock decreased 10.29% or $1.61 on December 4, striking $14.04. Approximately shares of stock traded hands. Crestwood Equity Partners LP (NYSE:CEQP) has risen 106.47% since May 4, 2015 and is uptrending. It has outperformed by 107.55% the S&P500.

Crestwood Equity Partners LP develops, acquires, owns and operates primarily assets and activities within the energy midstream sector. The company has a market cap of $962.29 million.

According to Zacks Investment Research, “Crestwood Equity Partners LP offers a natural gas and storage business in Texas and an NGL and crude oil services business. It operates through three segments: Gathering and Processing, Gas Storage and Transportation, and NGL and Crude Services. The Company serves customers in the United States and Canada. Crestwood Equity Partners LP, formerly known as Inergy L.P., is headquartered in Houston, Texas.” Get a free copy of the Zacks research report on Crestwood Equity Partners LP (CEQP).