Crestwood Midstream Partners LP Announces Dividend of $0.41 (CMLP)
Crestwood Midstream Partners LP (NYSE:CMLP) announced a dividend on Thursday, January 23rd, StockRatingsNetwork reports. Investors of record on Friday, February 7th will be paid a dividend of 0.41 per share on Friday, February 14th. The ex-dividend date is Wednesday, February 5th.
A number of research firms have recently commented on CMLP. 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 Thursday, January 23rd. They now have a $24.30 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of Crestwood Midstream Partners LP to an “outperform” rating in a research note to investors on Monday, December 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Crestwood Midstream Partners LP has a consensus rating of “Buy” and a consensus price target of $23.65.
Crestwood Midstream Partners LP (NYSE:CMLP) opened at 22.84 on Thursday. Crestwood Midstream Partners LP has a 52-week low of $20.40 and a 52-week high of $26.01. The stock’s 50-day moving average is $23.46 and its 200-day moving average is $22.84. The company has a market cap of $1.376 billion and a price-to-earnings ratio of 152.72.
Crestwood Midstream Partners LP (NYSE:CMLP) last announced its earnings results on Thursday, November 7th. The company reported $0.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.13 by $0.13. The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $63.00 million. Analysts expect that Crestwood Midstream Partners LP will post $0.16 EPS for the current fiscal year.
Crestwood Midstream Partners LP (NYSE: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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