Why Crestwood Equity Partners LP (CEQP) is a Top Momentum Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Is This 1 Momentum Stock a Screaming Buy Right Now?
Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
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 is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of A. Shares are up 1.7% over the past one week and up 1.3% over the past four weeks. CEQP has lost 3.3% in the last one-year period as well. Looking at trading volume, an average of 697,291.94 shares exchanged hands over the last 20 trading days.
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 $0.54 to $2.10 per share for 2023. CEQP boasts an average earnings surprise of 76.9%.
CEQP should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Crestwood Equity Partners LP (CEQP) : Free Stock Analysis Report
