Crestwood Midstream Partners Sees Significant Decline in Short Interest (CMLP)
Crestwood Midstream Partners (NYSE:CMLP) was the recipient of a significant decrease in short interest during the month of June. As of June 13th, there was short interest totalling 1,988,604 shares, a decrease of 28.3% from the May 30th total of 2,775,011 shares, Analyst Ratings Network reports. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 691,894 shares, the short-interest ratio is presently 2.9 days.
In other Crestwood Midstream Partners news, Director John J. Sherman sold 16,631 shares of Crestwood Midstream Partners stock on the open market in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $22.00, for a total value of $365,882.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Crestwood Midstream Partners in a research note on Monday, May 12th. They now have a $13.00 price target on the stock, down previously from $14.00. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Crestwood Midstream Partners presently has an average rating of “Buy” and an average target price of $22.68.
Crestwood Midstream Partners (NYSE:CMLP) opened at 22.02 on Thursday. Crestwood Midstream Partners has a 52-week low of $20.40 and a 52-week high of $25.60. The stock’s 50-day moving average is $21. and its 200-day moving average is $22.7. The company’s market cap is $4.140 billion.
Crestwood Midstream Partners (NYSE:CMLP) last released its earnings data on Tuesday, May 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.11. The company had revenue of $537.00 million for the quarter, compared to the consensus estimate of $444.10 million. Analysts expect that Crestwood Midstream Partners will post $0.35 EPS for the current fiscal year.
Crestwood Midstream Partners LP is a master limited partnership. The Company owns and operates midstream businesses in multiple unconventional shale resource plays across the United States.