Analyzing Crestwood Midstream Partners (CMLP) & Phillips 66 Partners (PSXP)
Crestwood Midstream Partners (NYSE: CMLP) and Phillips 66 Partners (NYSE:PSXP) are both energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, earnings, analyst recommendations, dividends, institutional ownership, valuation and risk.
Phillips 66 Partners pays an annual dividend of $2.46 per share and has a dividend yield of 4.9%. Crestwood Midstream Partners does not pay a dividend. Phillips 66 Partners pays out 101.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Phillips 66 Partners has increased its dividend for 3 consecutive years.
This table compares Crestwood Midstream Partners and Phillips 66 Partners’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Crestwood Midstream Partners||-0.22%||-1.34%||-0.17%|
|Phillips 66 Partners||45.35%||23.01%||9.97%|
Valuation and Earnings
This table compares Crestwood Midstream Partners and Phillips 66 Partners’ top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||EBITDA||Earnings Per Share||Price/Earnings Ratio|
|Crestwood Midstream Partners||N/A||N/A||N/A||N/A||N/A|
|Phillips 66 Partners||$781.00 million||7.06||$461.00 million||$2.43||20.53|
Phillips 66 Partners has higher revenue and earnings than Crestwood Midstream Partners.
Institutional and Insider Ownership
43.0% of Phillips 66 Partners shares are owned by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This is a breakdown of current ratings for Crestwood Midstream Partners and Phillips 66 Partners, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Crestwood Midstream Partners||0||0||0||0||N/A|
|Phillips 66 Partners||0||2||7||0||2.78|
Phillips 66 Partners has a consensus target price of $59.86, indicating a potential upside of 19.98%. Given Phillips 66 Partners’ higher probable upside, analysts plainly believe Phillips 66 Partners is more favorable than Crestwood Midstream Partners.
Phillips 66 Partners beats Crestwood Midstream Partners on 9 of the 10 factors compared between the two stocks.
Crestwood Midstream Partners Company Profile
Crestwood Midstream Partners LP (Crestwood) develops, acquires, owns and operates primarily fee-based assets and operations within the energy midstream sector. The Company has three reporting segments: gathering and processing (G&P), providing natural gas gathering, processing, treating and compression services to producers in multiple unconventional shale plays; storage and transportation, which owns and operates natural gas storage facilities, and NGL and crude services, including crude oil rail terminals, the Arrow gathering system, its fleet of over-the-road crude oil and produced water transportation assets, an NGL storage facility, and US Salt, LLC. It provides infrastructure solutions across the value chain to service liquids-rich and crude oil shale plays across the United States. It owns and operates a portfolio of crude oil and natural gas gathering, processing, storage and transportation assets that connect fundamental energy supply with energy demand across North America.
Phillips 66 Partners Company Profile
Phillips 66 Partners LP (Phillips 66) owns, operates, develops and acquires fee-based crude oil, refined petroleum product and natural gas liquids (NGL) pipelines, terminals and other transportation and midstream assets. The Company’s assets consist of systems, such as Clifton Ridge Crude System, Eagle Ford Gathering System, Ponca Crude System, Billings Crude System, Borger Crude System, Sweeny to Pasadena Products System, Hartford Connector Products System, Gold Line Products System, Cross-Channel Connector Products System, Ponca Products System, Billings Products System, Bayway Products System, Standish Pipeline, Borger Products System, River Parish NGL System, Medford Spheres, Bayway Rail Rack, Ferndale Rail Rack, Sand Hills/Southern Hills Joint Ventures, Explorer Pipeline Joint Venture, Bakken Joint Ventures, Bayou Bridge Pipeline Joint Venture, STACK Pipeline Joint Venture, and Sweeny Fractionator and Clemens Caverns.
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