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Crestwood Equity Partners LP (CEQP): This Stock is set to Soar Above its Peers

Let’s start up with the current stock price of Crestwood Equity Partners LP (CEQP), which is $25.03 to be very precise. The Stock rose vividly during the last session to $26.4482 after opening rate of $26.31 while the lowest price it went was recorded $24.93 before closing at $27.07.Recently in News on July 26, 2022, Crestwood Announces Second Quarter 2022 Financial and Operating Results. Successfully closed strategic acquisitions in the Delaware Basin, doubling basin processing capacity and significantly increasing Crestwood’s cash flow contribution from the most active and economic basin in the U.S. You can read further details here

Crestwood Equity Partners LP had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $32.96 on 04/21/22, with the lowest value was $22.88 for the same time period, recorded on 07/06/22.

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Crestwood Equity Partners LP (CEQP) full year performance was -9.51%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Crestwood Equity Partners LP shares are logging -24.06% during the 52-week period from high price, and 9.41% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $22.88 and $32.96.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 698757 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Crestwood Equity Partners LP (CEQP) recorded performance in the market was -9.28%, having the revenues showcasing -19.18% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.73B, as it employees total of 645 workers.

Market experts do have their say about Crestwood Equity Partners LP (CEQP)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 28.16, with a change in the price was noted -5.25. In a similar fashion, Crestwood Equity Partners LP posted a movement of -17.34% for the period of last 100 days, recording 639,029 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CEQP is recording 2.24 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.24.

Technical breakdown of Crestwood Equity Partners LP (CEQP)

Raw Stochastic average of Crestwood Equity Partners LP in the period of last 50 days is set at 28.81%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 33.26%. In the last 20 days, the company’s Stochastic %K was 65.06% and its Stochastic %D was recorded 75.21%.

Bearing in mind the latest performance of Crestwood Equity Partners LP, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -9.28%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -13.00%, alongside a downfall of -9.51% for the period of the last 12 months. The shares increased approximately by -8.98% in the 7-day charts and went down by 7.42% in the period of the last 30 days. Common stock shares were lifted by -19.18% during last recorded quarter.

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