Crestwood Equity Partners (NYSE:CEQP) had its price objective boosted by analysts at Stifel Nicolaus from $27.00 to $30.00 in a report released on Friday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.52% from the stock’s previous close.

CEQP has been the subject of several other research reports. BidaskClub downgraded Crestwood Equity Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Wells Fargo & Co raised Crestwood Equity Partners from a “market perform” rating to an “outperform” rating and upped their price target for the company from $28.00 to $32.00 in a report on Thursday. ValuEngine raised Crestwood Equity Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, UBS Group raised Crestwood Equity Partners from a “neutral” rating to a “buy” rating and upped their price target for the company from $26.00 to $27.00 in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.67.

Shares of Crestwood Equity Partners (NYSE:CEQP) traded up $0.25 during trading hours on Friday, reaching $26.90. The company had a trading volume of 409,815 shares, compared to its average volume of 260,943. Crestwood Equity Partners has a 1 year low of $20.00 and a 1 year high of $28.30. The company has a market cap of $1,873.26, a P/E ratio of -9.54 and a beta of 2.72. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.75 and a current ratio of 0.94.

Crestwood Equity Partners (NYSE:CEQP) last announced its earnings results on Tuesday, October 31st. The pipeline company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.65). Crestwood Equity Partners had a negative net margin of 5.36% and a negative return on equity of 3.34%. The business had revenue of $955.60 million for the quarter, compared to the consensus estimate of $830.77 million. During the same quarter in the previous year, the company earned ($0.14) EPS. Crestwood Equity Partners’s revenue for the quarter was up 62.6% compared to the same quarter last year. research analysts predict that Crestwood Equity Partners will post -1.61 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP raised its holdings in Crestwood Equity Partners by 722.0% in the 3rd quarter. GSA Capital Partners LLP now owns 88,702 shares of the pipeline company’s stock valued at $2,164,000 after acquiring an additional 77,911 shares in the last quarter. Green Square Capital LLC acquired a new position in Crestwood Equity Partners in the 3rd quarter valued at approximately $201,000. California Public Employees Retirement System raised its holdings in Crestwood Equity Partners by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 118,177 shares of the pipeline company’s stock valued at $2,884,000 after acquiring an additional 3,425 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Crestwood Equity Partners in the 3rd quarter valued at approximately $359,000. Finally, HITE Hedge Asset Management LLC acquired a new position in Crestwood Equity Partners in the 3rd quarter valued at approximately $740,000. 65.46% of the stock is owned by hedge funds and other institutional investors.

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About Crestwood Equity Partners

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

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