Crestwood Midstream Partners LP (CMLP) Announces Quarterly Dividend of $0.41
Crestwood Midstream Partners LP (NASDAQ:CMLP) declared a quarterly dividend on Thursday, October 24th, American Banking and Market News reports. Investors of record on Thursday, November 7th will be given a dividend of $0.405 per share on Thursday, November 14th. This represents a $1.62 dividend on an annualized basis and a yield of 7.51%.
A number of research firms have recently commented on CMLP. Analysts at UBS AG cut their price target on shares of Crestwood Midstream Partners LP from $25.00 to $23.00 in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Zacks upgraded shares of Crestwood Midstream Partners LP from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 14th. They now have a $23.10 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Crestwood Midstream Partners LP in a research note to investors on Friday, October 11th. They set an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $23.05.
Shares of Crestwood Midstream Partners LP (NASDAQ:CMLP) traded down 0.28% during mid-day trading on Thursday, hitting $21.57. The stock had a trading volume of 1,062,087 shares. Crestwood Midstream Partners LP has a one year low of $19.90 and a one year high of $28.37. The stock has a 50-day moving average of $26.03 and a 200-day moving average of $25.27. The company has a market cap of $1.853 billion and a price-to-earnings ratio of 119.50.
Crestwood Midstream Partners LP (NASDAQ:CMLP) last announced its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.11. The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $76.86 million. Crestwood Midstream Partners LP’s revenue was up 28.8% compared to the same quarter last year. On average, analysts predict that Crestwood Midstream Partners LP will post $0.25 earnings per share for the current fiscal year.
Crestwood Midstream Partners LP (NASDAQ:CMLP), formerly Quicksilver Gas Services LP, is engaged in the business of gathering and processing natural gas and natural gas liquids (NGLs).
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