Short Interest Worth Mentioning: Crestwood Equity Partners LP (NYSE:CEQP) Stock Is Shorted More

November 29, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Worth Mentioning: Crestwood Equity Partners LP (NYSE:CEQP) Stock Is Shorted More

The stock of Crestwood Equity Partners LP (NYSE:CEQP) registered an increase of 11.32% in short interest. CEQP’s total short interest was 902,700 shares in November as published by FINRA. Its up 11.32% from 810,900 shares, reported previously. With 216,900 shares average volume, it will take short sellers 4 days to cover their CEQP’s short positions. The short interest to Crestwood Equity Partners LP’s float is 1.93%. The stock closed at $20.95 during the last session. It is down 15.94% since April 26, 2016 and is uptrending. It has outperformed by 10.68% the S&P500.

Crestwood Equity Partners LP is a holding and master limited partnership company. The company has a market cap of $1.42 billion. The Firm develops, acquires, owns or controls, and operates assets and activities within the energy midstream sector. It currently has negative earnings. The Company’s divisions include gathering and processing (G&P), which includes its crude oil, natural gas and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business.

Insitutional Activity: The institutional sentiment decreased to 0 in Q2 2016. Its down Infinity, from Infinity in 2016Q1. The ratio dived, as 0 funds sold all Crestwood Equity Partners LP shares owned while 0 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 59,838 shares or 102.88% more from 29,494 shares in 2016Q1.
Jacobus Wealth Mgmt Incorporated holds 0.07% of its portfolio in Crestwood Equity Partners LP (NYSE:CEQP) for 11,141 shares. Focused Wealth Incorporated has invested 0% of its portfolio in Crestwood Equity Partners LP (NYSE:CEQP). Bush Odonnell holds 0.24% or 17,727 shares in its portfolio. Huntington Savings Bank, a Ohio-based fund reported 625 shares. Tru Department Mb Bankshares N A has invested 0% of its portfolio in Crestwood Equity Partners LP (NYSE:CEQP).

Insider Transactions: Since May 31, 2016, the stock had 1 insider purchase, and 0 selling transactions for $1.12 million net activity. First Reserve GP XI – Inc. bought 47,923 shares worth $1.12M.

Crestwood Equity Partners LP (NYSE:CEQP) Ratings Coverage

Out of 6 analysts covering Crestwood Equity (NYSE:CEQP), 0 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 0 are positive. Crestwood Equity has been the topic of 11 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, November 7 by Stifel Nicolaus. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, December 23. The firm has “Neutral” rating given on Wednesday, March 30 by JP Morgan. Raymond James downgraded the stock to “Mkt Perform” rating in Monday, January 4 report. The firm earned “Underweight” rating on Tuesday, June 21 by Barclays Capital. Robert W. Baird downgraded Crestwood Equity Partners LP (NYSE:CEQP) on Monday, January 25 to “Neutral” rating. The rating was upgraded by Stifel Nicolaus on Wednesday, May 4 to “Buy”. The firm has “Underperform” rating given on Thursday, October 8 by Bank of America. The firm earned “Equal-Weight” rating on Wednesday, February 24 by Barclays Capital.

CEQP Company Profile

Crestwood Equity Partners LP, incorporated on March 7, 2001, is a holding and master limited partnership (MLP) company. The Firm develops, acquires, owns or controls, and operates assets and activities within the energy midstream sector. The Company’s divisions include gathering and processing (G&P), which includes its crude oil, natural gas and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business. The Firm provides infrastructure solutions to service natural gas and crude oil shale plays across the United States. It owns and operates a portfolio of natural gas and crude oil gathering, processing, storage and transportation assets.

More important recent Crestwood Equity Partners LP (NYSE:CEQP) news were published by: Fool.com which released: “3 Reasons Why Crestwood Equity Partners LP Surged Nearly 20% in May” on June 09, 2016, also Fool.com published article titled: “Why Crestwood Equity Partners LP Stock Is Rocketing Higher Today”, Forbes.com published: “Ex-Dividend Reminder: Crestwood Equity Partners, Williams Partners and Sunoco” on August 01, 2016. More interesting news about Crestwood Equity Partners LP (NYSE:CEQP) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Enbridge Energy Partners, Crestwood Equity Partners and …” with publication date: November 01, 2016.

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By Hazel Jackson


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