Truist analyst Neal Dingmann lowered the firm’s price target on Crestwood Equity to $28 from $35 and keeps a Buy rating on the shares. While winter Bakken weather caused 4Q22 results to come in below expectations, oil production in the basin once again reached 1mmbopd+ in January, with February likely remaining stable with potentially a slight March decline, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CEQP:
- Crestwood Equity downgraded to Neutral from Overweight at JPMorgan
- Crestwood Equity initiated with an Outperform at Scotiabank
- Crestwood Equity sees FY23 adjusted EBITDA of $780M-$860M
- Crestwood Equity reports Q4 EPS 26c, consensus 21c
- Mohamed El-Erian Sees Inflation Sticking Around 3-4%; Here Are 2 ‘Strong Buy’ Dividend Stocks That Easily Beat That Rate
