Crestwood Equity Gets a Hold Rating from RBC Capital

By Ryan Adsit

In a report released yesterday, T J Schultz from RBC Capital reiterated a Hold rating on Crestwood Equity (NYSE: CEQP), with a price target of $26. The company’s shares opened today at $23.30.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 16.8% and a 67.3% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Energy Transfer Partners LP, and Sanchez Production Partners.

Crestwood Equity has an analyst consensus of Hold, with a price target consensus of $26.50.

The company has a one year high of $28.30 and a one year low of $18.51. Currently, Crestwood Equity has an average volume of 180.6K.

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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 natural gas storage and transportation operations. The Marketing, Supply and Logistics segment includes NGL supply and logistics business, crude oil and produced water trucking business, and U.S. Salt, LLC. The company was founded on March 7, 2001 and is headquartered in Houston, TX.