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Shares of Crestwood Midstream Partners (NYSE:CMLP) have received an average rating of “Buy” from the eight ratings firms that are currently covering the stock, American Banking News.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $22.25.

In other Crestwood Midstream Partners news, Director John J. Sherman sold 39,742 shares of the stock on the open market in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $22.29, for a total value of $885,849.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CMLP has been the subject of a number of recent research reports. Analysts at Raymond James reiterated an “outperform” rating on shares of Crestwood Midstream Partners in a research note on Friday. They now have a $23.00 price target on the stock, down previously from $24.00. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Crestwood Midstream Partners in a research note on Thursday, August 7th. They now have a $22.00 price target on the stock, down previously from $23.00.

Crestwood Midstream Partners (NYSE:CMLP) opened at 21.14 on Friday. Crestwood Midstream Partners has a 52 week low of $20.23 and a 52 week high of $24.94. The stock has a 50-day moving average of $22.21 and a 200-day moving average of $22.49. The company’s market cap is $3.974 billion.

Crestwood Midstream Partners (NYSE:CMLP) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.06. The company had revenue of $675.70 million for the quarter, compared to the consensus estimate of $591.45 million. On average, analysts predict that Crestwood Midstream Partners will post $0.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Tuesday, August 5th.

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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