Why Crestwood Equity Partners LP (CEQP) is a Top Growth Stock for the Long-Term
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Crestwood Equity Partners LP (CEQP)
Headquartered in Houston, TX, Crestwood is a master limited partnership (MLP) engaged in providing a wide range of fee-based infrastructure solutions in major U.S. shale plays like the Bakken Shale, Delaware Basin, Powder River Basin, Marcellus Shale and others. The partnership was formed in 2001.
CEQP boasts a Growth Style Score of B and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 862.1% year-over-year for 2023, while Wall Street anticipates its top line to improve by 22.4%.
Two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.63 to $2.21 per share for 2023. CEQP boasts an average earnings surprise of 76.9%.
On a historic basis, Crestwood Equity Partners LP has generated cash flow growth of 16.2%, and is expected to report cash flow expansion of 121.5% this year.
CEQP should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.
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Crestwood Equity Partners LP (CEQP) : Free Stock Analysis Report
