Crestwood Equity Partners (CEQP) is Downgraded by Raymond James to Mkt Perform , according to the research report released to the investors. Earlier the firm had a rating of Outperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.
Crestwood Equity Partners LP has dropped 8.77% during the last 3-month period . Year-to-Date the stock performance stands at -70.9%.
Shares of Crestwood Equity Partners LP (NYSE:CEQP) rose by 0.78% in the past week and 48.01% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.62% and the outperformance increases to 51.46% for the last 4 weeks.
Crestwood Equity Partners LP (NYSE:CEQP) : On Thursday heightened volatility was witnessed in Crestwood Equity Partners LP (NYSE:CEQP) which led to swings in the share price. The shares opened for trading at $19.7 and hit $20.79 on the upside , eventually ending the session at $20.78, with a gain of 5.38% or 1.06 points. The heightened volatility saw the trading volume jump to 595,376 shares. The 52-week high of the share price is $84.6 and the company has a market cap of $1,425 million. The 52-week low of the share price is at $13.14 .
Currently the company Insiders own 36.2% of Crestwood Equity Partners LP shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 100.68% . During last six month period, the net percent change held by insiders has seen a change of 100.68%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Crestwood Equity Partners Lp, Wood David M., had purchased 10,000 shares in a transaction dated on December 10, 2015. The transaction was executed at $13.91 per share with total amount equaling $139,100.
Crestwood Equity Partners LP is a master limited partnership that owns the general partner interest (including the distribution rights) and an approximate 4% limited partner interest of Crestwood Midstream. In addition, the Companys operations include a natural gas storage business in Texas and a natural gas liquid (NGL) and crude oil supply and logistics business that serves customers in the United States and Canada. On October 7, 2013, Crestwood Midstream Partners LP merged into Inergy Midstream, L.P.