|Bid||24.65 x 1800|
|Ask||24.67 x 1000|
|Day's Range||23.62 - 24.69|
|52 Week Range||23.39 - 32.96|
|Beta (5Y Monthly)||3.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2022 - Apr 29, 2022|
|Forward Dividend & Yield||2.62 (9.14%)|
|Ex-Dividend Date||May 05, 2022|
|1y Target Est||36.00|
Crestwood Equity Partners LP (CEQP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Inflation data dominated the market news at the end of last week, and rightly so. The May print, of 8.6% annualized gains in the consumer price index, marked a sharp reversal from the modest decline seen in April, and a new ‘highest level in 40 years’ data point. It reignited worries that the rosy projections – of a transient inflation, or of lower rates by early next year – are unlikely to reach fruition. Even though unemployment is low and wages are up, the declines in real earnings and the GD
Oil and gas prices have skyrocketed this year. Several energy stocks offer much higher dividend yields than the S&P 500's relatively paltry 1.6% payout. A couple of ultra-high-yield energy stocks worth buying hand over fist these days are Crestwood Equity Partners (NYSE: CEQP) and Enterprise Products Partners (NYSE: EPD).