Crestwood Equity Partners LP Stock Rating Upgraded by Zacks (CEQP)
Crestwood Equity Partners LP (NYSE:CEQP) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. The firm currently has a $17.00 price target on the stock. Zacks‘ target price points to a potential upside of 28.69% from the stock’s previous close.
Separately, analysts at Morgan Stanley downgraded shares of Crestwood Equity Partners LP from an “overweight” rating to an “equal weight” rating in a research note on Friday, December 6th.
Shares of Crestwood Equity Partners LP (NYSE:CEQP) traded down 1.44% on Tuesday, hitting $13.02. 304,770 shares of the company’s stock traded hands. Crestwood Equity Partners LP has a one year low of $7.98 and a one year high of $16.89. The stock’s 50-day moving average is $13.37 and its 200-day moving average is $14.04. The company’s market cap is $2.227 billion.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 14th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Wednesday, February 5th. This is a boost from Crestwood Equity Partners LP’s previous quarterly dividend of $0.14.
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