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. 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 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.
- Energy Transfer (ET) plans to acquire Crestwood Equity Partners (CEQP) in all-equity deal valued at $7.1 billion, including the assumption of debt and preferred securities.
- Energy Transfer’s relatively low payout ratio enables it to retain significant excess free cash flow.
- Upgrade to MarketBeat All Access to add more stocks to your watchlist.
While 11% yields are usually the sign of a risky company, this midstream operator is making its cash flows safer. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. It’s highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
Crestwood Announces Executive Team Changes
Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. 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 low valuation is a big driver of its high distribution yield.
- Meanwhile, the company expects to capture at least $40 million of annual cost savings, half of which it should realize next year, with the balance in 2025.
- These factors still make it look like an appealing investment.
- The Zacks Consensus Estimate has increased $0.54 to $2.10 per share.
- Over the previous 90 days, Crestwood Equity Partners’s stock had 7 downgrades by analysts.
- Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
- “Alternative assets,” as the term is used at Public, are equity securities that have been issued pursuant to Regulation A of the Securities Act of 1933 (as amended) (“Regulation A”).
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. 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. 8 brokers have issued twelve-month price targets for Crestwood Equity Partners’ stock.
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Since then, CEQP shares have increased by 11.5% and is now trading at $29.20. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest.
Enbridge has a lower dividend yield (currently 8%) despite the higher payout ratio. Momentum investors also pay close attention to a company’s earnings. For CEQP, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased what are trend and counter-trend trading $0.54 to $2.10 per share for 2023. According to 8 analysts, the average rating for CEQP stock is “Hold.” The 12-month stock price forecast is $28.67, which is a decrease of -1.82% from the latest price. The scores are based on the trading styles of Value, Growth, and Momentum.
Invest in CEQP
Energy Transfer (ET) plans to acquire Crestwood Equity Partners (CEQP) in all-equity deal valued 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. Robert G. Phillips has an approval rating of 65% among the company’s employees.
Crestwood Publishes 2022 Sustainability Report Highlighting Authentic ESG Advancements
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from. Sign-up to receive the latest news and ratings for Crestwood Equity Partners and its competitors with MarketBeat’s FREE daily newsletter. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
8 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Crestwood Equity Partners in the last year. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “reduce” CEQP shares. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Energy Transfer and Crestwood Announce Expiration of Hart-Scott-Rodino Act Waiting Period
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. These values don’t include the positive impact of the company’s accretive acquisition of fellow MLP Crestwood Equity Partners (CEQP 0.86%), which should close before the end of this year. The $7.1 billion deal will be immediately accretive to Energy Transfer’s distributable cash flow per unit upon closing.
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock’s true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other chapter 20 numerical differentiation multiples, the Value Style Score identifies the most attractive and most discounted stocks. Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics.
To see all exchange delays and terms of use, please see disclaimer. Energy Transfer’s relatively low payout ratio enables it to retain significant excess free cash flow. That gives it money to fund expansion projects, strengthen its balance sheet, and return additional cash to investors through unit repurchases. According to the issued ratings of 8 analysts in the last year, the consensus rating for Crestwood Equity Partners stock is Reduce based on the current 1 sell rating and 7 hold ratings for CEQP.
Looking at trading volume, an average of 697,291.94 shares exchanged hands over the last 20 trading days. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance review market wizards and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. 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.
