Insider Selling: Crestwood Equity Partners Director Unloads 60,877 Shares of Stock (CEQP)
Crestwood Equity Partners (NYSE:CEQP) Director John J. Sherman unloaded 60,877 shares of Crestwood Equity Partners stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $15.00, for a total transaction of $913,155.00. Following the transaction, the director now directly owns 16,100 shares of the company’s stock, valued at approximately $241,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Crestwood Equity Partners (NYSE:CEQP) traded down 1.01% during mid-day trading on Wednesday, hitting $14.77. The stock had a trading volume of 406,151 shares. Crestwood Equity Partners has a 52-week low of $11.83 and a 52-week high of $16.89. The stock has a 50-day moving average of $14.1 and a 200-day moving average of $13.70. The company has a market cap of $2.755 billion and a price-to-earnings ratio of 102.90.
Crestwood Equity Partners (NYSE:CEQP) last announced its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.14 by $0.03. The company had revenue of $971.60 million for the quarter, compared to the consensus estimate of $810.65 million. Analysts expect that Crestwood Equity Partners will post $0.54 EPS for the current fiscal year.
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