Stock To Watch: Crestwood Equity Partners LP (NYSE:CEQP)


The leading market experts have placed a mean price target of $20.40 on Crestwood Equity Partners LP (NYSE:CEQP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.00 a share for the upcoming quarter and $-2.30 for the current fiscal.

Technical View

The technical analysis of Crestwood Equity Partners LP plainly substantiates that the 50-day moving average of Crestwood Equity Partners LP is $21.03, and stock is trading $-0.48 points away or -2.28% from its 50-day moving average of $21.03. Further it is trading $3.92 or +23.57% away its 200-day moving average of $16.63. Crestwood Equity Partners LP (NYSE:CEQP) 52-week high is $30.80 and the 52-week low is $7.90.

This explains if the stock moves $-10.25, it will post a 52-week high. In event of +160.13% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Crestwood Equity Partners LP, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Crestwood Equity Partners LP (NYSE:CEQP) ratio came in at N/A.

The stock last ended the trading session at $20.55 and registered a market cap of $1.42B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Crestwood Equity Partners LP (NYSE:CEQP) PEG ratio is at -0.85.

1 Chart Pattern Every Investor Should Know

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