The company’s capital allocation strategy helps drive its view that it can increase its distribution by 3% to 5% per year. Meanwhile, debt reduction will reduce interest expenses, freeing up additional cash flow. It will also give the company more financial flexibility to continue making accretive acquisitions as opportunities arise. That will help grow its distribution per unit since it will make distribution payments across fewer units in the future. Energy Transfer’s relatively low payout ratio enables it to retain significant excess free cash flow.
View analysts price targets for CEQP or view top-rated stocks among Wall Street analysts. Growth investors, on the other hand, are more concerned with a company’s financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
- Add that higher payout to its upside potential, and Energy Transfer could continue producing robust total returns.
- At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
- Since then, CEQP shares have increased by 10.8% and is now trading at $29.01.
- This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy.
- While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores.
This material is not intended as a recommendation, offer, or solicitation to purchase or sell securities, open a brokerage account, or engage in any investment strategy. Different than value or growth investors, momentum-oriented investors live by the saying “the trend is your friend.” This investing style is all about taking advantage of upward or downward trends in a stock’s price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Energy Transfer (ET) plans to acquire Crestwood Equity Partners (CEQP) in all-equity deal valued fx primus: the safest place to trade at $7.1 billion, including the assumption of debt and preferred securities. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 14 employees have rated Crestwood Equity Partners Chief Executive Officer Robert G. Phillips on Glassdoor.com.
- While the list of factors presented here, in the Registration Statement and in the proxy statement/prospectus is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties.
- Meanwhile, it has a much lower payout ratio than Enbridge (ENB 0.55%), which targets 60% to 70%.
- On average, they anticipate the company’s share price to reach $28.13 in the next year.
- Looking at trading volume, an average of 697,291.94 shares exchanged hands over the last 20 trading days.
- 8 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Crestwood Equity Partners in the last twelve months.
On top of that, the MLP has paid a high-yielding (and growing distribution). That has pushed its total return to more than 31% over the last 12 months. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”). Momentum investors also pay close attention to a company’s earnings.
Does Crestwood Equity Partners (CEQP) pay a dividend?
While the list of factors presented here, in the Registration Statement and in the proxy statement/prospectus is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles forex broker listing to the realization of forward-looking statements. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions.
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
Some of the frontrunners in the industry are Enterprise (EPD), NuStar (NS) and Crestwood Equity (CEQP). Analysts like Crestwood Equity Partners less than other Oils/Energy companies. The consensus rating for Crestwood Equity Partners is Reduce while the average consensus rating for oils/energy companies is Moderate Buy. Energy Transfer still looks like a buy even after its rally over the past year.
This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible. fusion markets review As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. Crestwood Equity Partners saw a increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,110,000 shares, an increase of 32.7% from the September 15th total of 1,590,000 shares. Based on an average daily trading volume, of 577,700 shares, the days-to-cover ratio is presently 3.7 days. You can find your newly purchased CEQP stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
8 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Crestwood Equity Partners in the last twelve months. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should “reduce” CEQP shares.
Zacks’ 7 BestStrong Buy Stocks for October, 2023
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These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
What is the target price for Crestwood Equity Partners (CEQP) stock?
That gives it money to fund expansion projects, strengthen its balance sheet, and return additional cash to investors through unit repurchases. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.
Crestwood Equity common unitholders will own about 6.5% of Energy Transfer’s common units
Higher earnings from this deal will make Energy Transfer more valuable in the future. Commission-free trading of stocks and ETFs refers to $0 commissions for Open to the Public Investing self-directed individual cash brokerage accounts that trade the U.S.-listed, registered securities electronically during the Regular Trading Hours. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Open to the Public Investing’s Fee Schedule to learn more.