Raymond James analyst James Weston maintained a Buy rating on Crestwood Equity (NYSE:CEQP) on Thursday, setting a price target of $31, which is approximately 11.79% above the present share price of $27.73.
Weston expects Crestwood Equity to post earnings per share (EPS) of $0.03 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Crestwood Equity, with an average price target of $27.13.
The analysts price targets range from a high of $31 to a low of $22.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $654.5 million and a net profit of $54.2 million. The company's market cap is $1.74 billion.
According to TipRanks.com, Raymond James analyst James Weston is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 16.4% and a 64.29% success rate.
Crestwood Equity Partners LP owns and operates energy midstream infrastructure and engages in the natural gas liquids marketing, supply and logistics business. It operates through the following segments: Gathering and Processing; Storage and Transportation; and Marketing, Supply and Logistics. The Gathering and Processing segment provides gathering and transportation services and processing, treating and compression services to producers in unconventional shale plays and tight-gas plays in North Dakota, West Virginia, Texas, New Mexico, Wyoming, Arkansas, and Louisiana. The Storage and Transportation segment includes COLT Hub, which is crude-by-rail terminal serving Bakken crude oil production. The Marketing, Supply and Logistics segment includes West Coast operations, supply and logistics operations, storage and terminals operations, crude oil and produced water trucking operations, and U.S. Salt, LLC. The company was founded on March 7, 2001 and is headquartered in Houston, TX.