Crestwood Equity Partners (CEQP) has generated returns of 25% so far in 2018. It has returned 45% in the trailing 12 months. The stock is currently trading at a yield of ~7.5%.
On May 3, RBC raised its price target for Crestwood Equity Partners from $29 to $33. Of the nine Reuters-surveyed analysts covering Crestwood Equity Partners, two have rated the stock a “strong buy,” four have rated it a “buy,” and the remaining three have rated it a “hold.”
The mean price target for Crestwood Equity Partners provided by surveyed analysts is $31.90. It’s currently trading at $32.15. The mean price target implies a downside of 2% in a year from CEQP’s current price.
CEQP’s moving averages
Crestwood Equity Partners stock is currently trading 15% above its 50-day moving average and 37% above its 200-day moving average. Its 50-day moving average crossed above its 200-day average—a bullish sign—in February. CEQP’s 50-day moving average may act as a support for the stock in the near term.
According to data released on May 24, the short interest in Crestwood Equity Partners rose 1% to 0.90 million shares on May 15 from 0.89 million shares on April 30. Its short interest as a percentage of its float is 1.9%.
Next, we’ll take a look at frac-sand MLP Hi-Crush Partners (HCLP), which has returned 25% so far in 2018.