NewsBur
No Result
View All Result
Tuesday, January 19, 2021
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
Subscribe
Newsbur
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
No Result
View All Result
Newsbur
No Result
View All Result
Home Market News

Impressive Profit Margins of -2.50% Raise Bull Flags for Crestwood Equity Partners LP [CEQP]

by Corey Murphy
October 9, 2020
in Market News
0
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Crestwood Equity Partners LP [NYSE:CEQP] prices rallied 9.24% on Thursday.

With a current price of $14.43, CEQP is active in the Oil & Gas Midstream industry and it looks to be on-track for a five-day run of 20.35%.

In addition, CEQP’s high over the last year is $37.01 and the low is $2.65. Over the last two 52 weeks, the company is trading -58.79%, while the S&P 500 is trading 0.79%.

The Price is right

Holding a Market Cap of $1.05 billion, Crestwood Equity Partners LP has seen a trading range over the last year of $2.65-$37.01.

For the last five days, CEQP is up from its last closing price. The average shares trading hands each day is 780.26K.

Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for CEQP. When we apply the Elder Force Index to Crestwood Equity Partners LP, we are seeing an Elder Force Indicator number of 1249056.74.

Recent Performance

The recent performance of the stock is another area that can tell traders how to proceed. CEQP is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 901.88.

In the last quarter, CEQP made a profit of 127.0 million. Crestwood Equity Partners LP also saw quarter revenue growth year over year of -11.51%.

Technical Analysis

Looking at popular technical indicators, the company’s 5-day moving average is 13.02 compared to the 50-day moving average of 5.54%. So, we are clearly seeing an upward trajectory here.

The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. CEQP currently holds a 9-day RSI of 72.22%, while 100-day RSI stands at 47.78%.

Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. CEQP’s 9-day MACD is 0.80 and the company’s 100-day MACD stands at -0.35.

Inside Moves

Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.

The major holders for this stock are 7.38% by insiders and 71.97% by institutions.

Conclusion

Overall, the recommended rating for CEQP is Moderate Buy. Currently, the company has 7 analysts watching the stock, and the average quarterly earnings estimate is -0.06. Quarterly revenue estimates are averaging 602.87M with the high estimate reaching 702.75M and the low at 489.7M.

To review, the current 1-year target estimate is sitting at 15.00, while the current price 14.43. Based on this, we expect the stock to rise considering the aforementioned fundamentals.

Tags: CEQPCEQP stockCrestwood Equity Partners LPNYSE:CEQP

Recommended Stories

Buy or Sell on Tapestry Inc. [TPR] as the Price Moves to $14.85?

August 27, 2020

Advanced Emissions Solutions Inc. [ADES]’s Market Cap is $75.92 million and Here is Where it Goes Next

October 1, 2020

Celsius Holdings Inc. [CELH] surge to $20.48

October 9, 2020

Popular Stories

  • Sorrento Therapeutics Inc. [SRNE] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] Is Skyrocketing 13.15% on Pure Fundamentals

    0 shares
    Share 0 Tweet 0
  • BlackBerry Limited [BB] is a Top Ten Buy with Quarterly Revenues of 999.00M

    0 shares
    Share 0 Tweet 0
  • Impressive Profit Margins of -5.80% Raise Bull Flags for General Electric Company [GE]

    0 shares
    Share 0 Tweet 0

NewsBur.com

Newsbur.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.

Recent Posts

  • After-Hours Trading Alert: Amgen Inc. [AMGN] is Up 0.85% After the Bell
  • Has Dynatrace Inc. [DT] Completely Outpaced Other Companies in the Technology This Year?
  • Why Applied Materials Inc. [AMAT]’s 1.55% Drop is No Cause for Alarm

Categories

  • Analyst Actions
  • Market News
  • Morning News
  • Trending Stocks
  • Uncategorized

© 2020 Copyright © All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
  • Morning News
  • Analyst Actions
  • Trending Stocks

© 2020 Copyright © All Rights Reserved.