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Crestwood Midstream Partners (NYSE:CMLP) Director John J. Sherman sold 141,305 shares of Crestwood Midstream Partners stock on the open market in a transaction dated Friday, July 11th. The shares were sold at an average price of $22.05, for a total value of $3,115,775.25. Following the sale, the director now directly owns 108,015 shares in the company, valued at approximately $2,381,731. The sale was disclosed in a filing with the SEC, which is available at 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Crestwood Midstream Partners currently has a consensus rating of “Buy” and a consensus target price of $22.68.

Crestwood Midstream Partners (NYSE:CMLP) traded up 0.50% during mid-day trading on Friday, hitting $22.32. 576,115 shares of the company’s stock traded hands. 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 $21.90 and its 200-day moving average is $22.71. The company’s market cap is $4.196 billion. Crestwood Midstream Partners also saw a large decline in short interest during the month of June. As of June 13th, there was short interest totalling 1,988,604 shares, a decline of 28.3% from the May 30th total of 2,775,011 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily volume of 691,894 shares, the short-interest ratio is presently 2.9 days.

Crestwood Midstream Partners (NYSE:CMLP) last announced its earnings results on Tuesday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the 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.

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