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Analysts at Robert W. Baird cut their target price on shares of Crestwood Midstream Partners (NYSE:CMLP) from $16.00 to $15.00 in a research report issued to clients and investors on Thursday. Robert W. Baird’s price objective indicates a potential downside of 27.82% from the company’s current price.

In other Crestwood Midstream Partners news, Director John J. Sherman sold 39,742 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $22.29, for a total transaction of $885,849.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Crestwood Midstream Partners from a “neutral” rating to an “underperform” rating in a research note on Wednesday. They now have a $19.90 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Crestwood Midstream Partners in a research note on Friday, August 8th. They now have a $23.00 price target on the stock, down previously from $24.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.65.

Crestwood Midstream Partners (NYSE:CMLP) traded up 1.59% on Thursday, hitting $21.11. The stock had a trading volume of 318,574 shares. Crestwood Midstream Partners has a one year low of $20.23 and a one year high of $24.94. The stock’s 50-day moving average is $22.15 and its 200-day moving average is $22.4. The company’s market cap is $3.967 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 $0.24 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Thursday, August 7th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend 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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