Financial Survey: Crestwood Equity Partners (CEQP) vs. The Competition

Crestwood Equity Partners (NYSE: CEQP) is one of 38 public companies in the “Oil & Gas Refining and Marketing” industry, but how does it contrast to its peers? We will compare Crestwood Equity Partners to related companies based on the strength of its analyst recommendations, profitability, earnings, dividends, institutional ownership, valuation and risk.

Valuation & Earnings

This table compares Crestwood Equity Partners and its peers gross revenue, earnings per share (EPS) and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
Crestwood Equity Partners $2.52 billion -$216.30 million -8.05
Crestwood Equity Partners Competitors $40.28 billion $685.70 million 235.65

Crestwood Equity Partners’ peers have higher revenue and earnings than Crestwood Equity Partners. Crestwood Equity Partners is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Dividends

Crestwood Equity Partners pays an annual dividend of $2.40 per share and has a dividend yield of 10.6%. Crestwood Equity Partners pays out -85.1% of its earnings in the form of a dividend. As a group, “Oil & Gas Refining and Marketing” companies pay a dividend yield of 5.5% and pay out 330.9% of their earnings in the form of a dividend. Crestwood Equity Partners is clearly a better dividend stock than its peers, given its higher yield and lower payout ratio.

Analyst Recommendations

This is a summary of current ratings and target prices for Crestwood Equity Partners and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Crestwood Equity Partners 0 0 4 0 3.00
Crestwood Equity Partners Competitors 385 1868 2489 113 2.48

Crestwood Equity Partners currently has a consensus price target of $27.75, suggesting a potential upside of 22.25%. As a group, “Oil & Gas Refining and Marketing” companies have a potential upside of 8.32%. Given Crestwood Equity Partners’ stronger consensus rating and higher probable upside, analysts clearly believe Crestwood Equity Partners is more favorable than its peers.

Volatility and Risk

Crestwood Equity Partners has a beta of 2.75, indicating that its stock price is 175% more volatile than the S&P 500. Comparatively, Crestwood Equity Partners’ peers have a beta of 1.32, indicating that their average stock price is 32% more volatile than the S&P 500.

Profitability

This table compares Crestwood Equity Partners and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Crestwood Equity Partners -5.36% -3.34% -1.41%
Crestwood Equity Partners Competitors -1.35% 3.25% 1.64%

Insider and Institutional Ownership

63.9% of Crestwood Equity Partners shares are held by institutional investors. Comparatively, 47.4% of shares of all “Oil & Gas Refining and Marketing” companies are held by institutional investors. 36.2% of Crestwood Equity Partners shares are held by insiders. Comparatively, 11.7% of shares of all “Oil & Gas Refining and Marketing” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Summary

Crestwood Equity Partners beats its peers on 8 of the 14 factors compared.

Crestwood Equity Partners Company Profile

Crestwood Equity Partners LP is a holding company and a master limited partnership (MLP). The Company develops, acquires, owns or controls, and operates assets and operations within the energy midstream sector. The Company’s segments include gathering and processing (G&P), which includes its natural gas, crude oil and produced water G&P operations; storage and transportation, which includes its natural gas and crude oil storage and transportation operations, and marketing, supply and logistics, which includes its natural gas liquid (NGL) supply and logistics business, crude oil storage and rail loading facilities and fleet, and salt production business. The Company provides infrastructure solutions to service natural gas and crude oil shale plays across the United States. It owns and operates a portfolio of crude oil and natural gas gathering, processing, storage and transportation assets. Its operating assets are owned by or through its subsidiary, Crestwood Midstream Partners LP.

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