13.65 +0.60 (4.60%)
After hours: 5:15PM EDT
|Bid||13.00 x 1300|
|Ask||13.75 x 1100|
|Day's Range||12.83 - 13.85|
|52 Week Range||2.65 - 40.00|
|Beta (5Y Monthly)||4.29|
|PE Ratio (TTM)||5.30|
|Earnings Date||Jul. 28, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||2.50 (20.48%)|
|Ex-Dividend Date||May 07, 2020|
|1y Target Est||10.56|
Investors love their dividends, but in this environment, many companies are cutting their payouts, especially those in heavily affected industries such as travel, airlines, and oil and gas, as well as companies with high levels of debt. According to CEO Jeff Storey, the need for data and connectivity caused a 30% to 40% spike in internet backbone traffic as the pandemic hit, with similar spikes in usage from CenturyLink's content delivery and videoconferencing products.
Crestwood Equity Partners (NYSE: CEQP) made a massive comeback last month. Units of the master limited partnership (MLP) skyrocketed a jaw-dropping 173.5% in April, according to data provided by S&P Global Market Intelligence. The main factor fueling its rebound was an update it provided investors on the impact this year's oil market downturn was having on its operations.
Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") today provided an update on its financial position and operations, as well as reported its financial and operating results for the three months ended March 31, 2020.
Energy prices are rising today. Natural gas was also moving upward, with the NYMEX price rallying more than 3% to nearly $2 per MMBtu. Natural gas stocks were among the biggest movers; producers Antero Resources (NYSE: AR), Gulfport Energy (NASDAQ: GPOR), and MLP Crestwood Equity Partners (NYSE: CEQP) rose more than 10%.
Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood" or "CEQP") announced today that the board of directors of its general partner has declared the partnership’s quarterly cash distribution of $0.625 per limited partner unit ($2.50 annually) for the quarter ended March 31, 2020. In addition, Crestwood announced a quarterly cash distribution of $0.2111 per Class A preferred equity unit ($0.8444 annually). Both common and preferred distributions will be made on May 15, 2020, to unitholders of record as of May 8, 2020.
Crestwood Equity Partners LP (NYSE: CEQP) ("Crestwood") today announced that is has begun commercial operations at the Bucking Horse II processing plant in Converse County, Wyoming in the Powder River Basin. The Bucking Horse II plant is a 200 MMcf/d processing plant that brings Crestwood’s total processing capacity in the basin to 345 MMcf/d and allows Crestwood to offer producer customers the best natural gas and gas liquid recoveries in the basin.
Plains All American Pipeline's (PAA) third-quarter earnings improve on solid performance of Permian Basin and installation of new pipelines.
Does Crestwood Equity Partners LP (CEQP) have what it takes to be a top stock pick for momentum investors? Let's find out.
The Zacks Analyst Blog Highlights: CrossAmerica, Pembina, BP Midstream, Crestwood Equity and Delek