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Here's Why Crestwood Equity Partners LP (CEQP) is a Strong Growth Stock

Zacks Equity Research
·2-min read

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.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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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 sits at a Zacks Rank #3 (Hold), holds a Growth Style Score of B, and has a VGM Score of A. Earnings and sales are forecasted to increase 824.1% and 22.4% year-over-year, respectively.

One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.54 to $2.10 per share. CEQP boasts an average earnings surprise of 76.9%.

Crestwood Equity Partners LP is also cash rich. The company has generated cash flow growth of 16.2%, and is expected to report cash flow expansion of 121.5% in 2023.

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

To read this article on Zacks.com click here.

Zacks Investment Research