Crestwood Equity Partners LP (CEQP) Stock Forecast & Predictions

Crestwood Equity Partners LP - Unit CEQP: $29.64

811 Main St Ste 3400, Houston, Texas, US. | Sector: Utilities | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.crestwoodlp.com/

  • Market Cap$2.17B
  • Change (52 Weeks)350.84%
  • Low (52 Weeks)$6.75
  • Crestwood Equity Partners LP (CEQP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Crestwood Equity Partners LP (CEQP) stock price is $29.64 and the 52 weeks low is $6.75, which means the Crestwood Equity Partners LP stock price is up 350.84% in the last 12 months.

    Crestwood Equity Partners LP (CEQP) Stock Price has been Trending Strongly with an ADX reading of 45.29 as per the Weekly Chart.

    A Upward trend indicates that Crestwood Equity Partners LP (CEQP) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that CEQP Stock price might rise further, 18.75% indicating that CEQP Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CEQP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Crestwood Equity Partners LP (CEQP) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Crestwood Equity Partners LP (CEQP) is based on 16 Institutional Analyst Ratings where 50.00% are on Strong Buy, 18.75% on Moderate Buy, 31.25% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 16 Institutional Analysts, majority recommended CEQP stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Crestwood Equity Partners LP.

    Crestwood Equity Partners LP (CEQP) Stock Price Prediction By Analysts


    HighLowAverage
    $32.55$22.22$27.54
    $27.547.09% Downside
    Updated: 2021-04-22 00:00:00

    The Average Price target for CEQP set by the institutional analysts is $27.54 where High Estimate is $32.55, Median $28.560000000000002 and Low $22.22.

    The average price target for CEQP by Institutional Analysts is $27.54, which is 7.09% Downside from the current price. So according to the Institutional Analysts, CEQP Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Crestwood Equity Partners LP (CEQP) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with CEQP stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about CEQP and holding their positions hoping for a further rise in the stock price and more profit.

    Crestwood Equity Partners LP (CEQP) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about CEQP, it shows that Crestwood Equity Partners LP had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that CEQP stock price may surge in the next few weeks.

    Crestwood Equity Partners LP (CEQP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Raymond JamesOutperformMaintained
    JP MorganNeutralDowngraded
    Capital One FinancialOverweightUpgraded
    Wells FargoEqual-WeightUpgraded
    JP MorganOverweightUpgraded
    Raymond JamesOutperformMaintained
    StifelBuyMaintained
    Wells FargoUnderweightDowngraded
    Raymond JamesOutperformMaintained
    JP MorganNeutralMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Wells FargoEqual-WeightDowngraded
    Raymond JamesOutperformMaintained
    SunTrust Robinson HumphreyHoldDowngraded
    Wells FargoOverweightMaintained
    UBSBuyMaintained
    UBSBuyMaintained
    BarclaysEqual-WeightDowngraded
    Raymond JamesOutperformDowngraded
    SunTrust Robinson HumphreyBuyMaintained
    BarclaysOverweightUpgraded
    UBSBuyMaintained
    Raymond JamesStrong BuyUpgraded
    RBC CapitalOutperformUpgraded
    Stifel NicolausBuyUpgraded
    Bank of AmericaBuyMaintained
    Wells FargoOutperformUpgraded
    Goldman SachsBuyUpgraded
    Wells FargoMarket PerformDowngraded
    Raymond JamesOutperformMaintained
    BarclaysEqual-WeightMaintained
    Stifel NicolausHoldDowngraded
    BarclaysEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    Bank of AmericaBuyMaintained
    SunTrust Robinson HumphreyBuyInitiated
    BarclaysEqual-WeightMaintained
    Goldman SachsNeutralDowngraded
    BarclaysEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    Stifel NicolausBuyMaintained
    BarclaysEqual-WeightMaintained
    UBSBuyMaintained
    UBSBuyMaintained
    Capital One FinancialOverweightUpgraded
    BarclaysEqual-WeightUpgraded
    Wells FargoOutperformUpgraded
    UBSBuyUpgraded
    Stifel NicolausBuyUpgraded
    Raymond JamesOutperformUpgraded
    Goldman SachsBuyInitiated
    Stifel NicolausHoldMaintained
    Stifel NicolausHoldDowngraded
    Stifel NicolausBuyUpgraded
    JP MorganNeutralMaintained
    UBSNeutralDowngraded
    BarclaysEqual-WeightMaintained
    BairdNeutralDowngraded
    Raymond JamesMarket PerformDowngraded
    BarclaysEqual-WeightMaintained
    Bank of AmericaUnderperformDowngraded
    BarclaysEqual-WeightMaintained
    BarclaysEqual-WeightUpgraded
    JP MorganNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    BarclaysUnderweightMaintained
    Bank of AmericaBuyMaintained
    JP MorganOverweightMaintained
    BarclaysUnderweightDowngraded
    Wells FargoMarket PerformDowngraded
    Raymond JamesOutperformMaintained

    Crestwood Equity Partners LP (CEQP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.036
    The average consensus EPS for CEQP is $0.036 with a high estimate of $0.242 and Low of $-0.255 for the period 2021-06-30 and based on 10 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.28$-0.06702422020-09-30


    The latest average Earning Per Share Estimate for Crestwood Equity Partners LP is $0.04, which is higher than CEQP's last EPS, $-0.28. This means that Analysts are expecting Crestwood Equity Partners LP to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Crestwood Equity Partners LP.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.28$-0.06702422020-09-30
    $-0.68$-0.12385862020-06-30
    $0.44$0.221852020-03-31
    $0.28$0.44372019-12-31
    $0.12$0.1517252019-09-30
    $0.06$0.0777752019-06-30
    $-0.07$0.13712882019-03-31
    $0.57$0.13262018-12-31
    $-0.34$-0.0127500000000000012018-09-30
    $-0.23$-0.0464712000000000042018-06-30
    $0.21$0.00582422018-03-31
    $-1.2$0.03788282017-12-31
    $-0.72$-0.09471722017-09-30
    $-0.28$-0.1236752017-06-30
    $-0.09$-0.01602422017-03-31
    $-1.2$0.1619252016-12-31
    $-0.14$-0.0828752016-09-30
    $-0.74$0.09692016-06-30
    $-1.47$0.0145758000000000022016-03-31
    $-20.77$0.195503400000000022015-12-31
    $-11.8$0.3351722015-09-30
    $0.1$0.3909662015-06-30
    $0.4$0.9009662015-03-31
    $2.1$1.022014-12-31
    $0.2$0.7577582014-09-30
    $-0.2$1.022014-06-30
    $1.1$1.4282014-03-31
    $0.4$0.32642013-12-31
    $-0.5$0.7142013-09-30
    $0.3$2013-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).