Crestwood Equity Partners LP(CEQP) Declares Dividend of $0.6000.

Crestwood Equity Partners LP (CEQP) had declared a cash dividend of $0.6000 on Jan 18, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 8.81%. The dividend payable date has been fixed on Feb 14, 2017.

In a different note, Goldman Sachs said it Initiates Coverage On Crestwood Equity Partners LP, according to a research note issued on Dec 14, 2016. In the research note, the firm Announces the price-target to $30 per share. The shares have been rated ‘Buy’ by the firm.

Crestwood Equity Partners LP (CEQP) shares turned negative on Tuesdays trading session with the shares closing down -1.25 points or -4.54% at a volume of 2,34,396. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.55. The peak price level was also seen at $27.55 while the days lowest was $26.25. Finally the shares closed at $26.3. The 52-week high of the shares is $28.3 while the 52-week low is $7.9. According to the latest information available, the market cap of the company is $1,816 M.

Crestwood Equity Partners LP(CEQP) last announced its earnings results on Nov 4, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $587.60M. Analysts had an estimated revenue of $591.83M. Earnings per share were $-0.14. The reported EPS was above estimates by $0.06 or NaN%. Analysts had estimated an EPS of $-0.08.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2015, David M. Wood (director) purchased 10,000 shares at $13.91 per share price.Also, On Dec 10, 2015, David Lumpkins (director) purchased 10,000 shares at $13.40 per share price.

Crestwood Equity Partners LP develops acquires owns and operates primarily assets and operations within the energy midstream sector. The Company operates through three segments: gathering and processing segment which provides natural gas gathering processing treating and compression services to producers in shale plays located in West Virginia Wyoming Texas Arkansas New Mexico and Louisiana; Storage and Transportation segment which owns and operates natural gas storage facilities with an aggregate working gas storage capacity of approximately 79.3 billion cubic feet per day (Bcf/d) including its 50.01% interest in Tres Palacios Gas Storage Company LLC and NGL and crude services segment which includes crude oil rail terminals the Arrow gathering system its fleet of over-the-road crude oil and produced water transportation assets an NGL storage facility and US Salt LLC.

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