CEQP Crosses Below Key Price/Book Valuation Level

In trading on Tuesday, shares of Crestwood Equity Partners LP ( CEQP) crossed below their last reported book value — defined as common shareholder equity per share — of $4.05, changing hands as low as $4.01 per share. Crestwood Equity Partners LP shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of CEQP shares, versus its 50 and 200 day moving averages:

START SLIDESHOW:
Click here to find out which 9 other stocks recently crossed below their book value »

Crestwood Equity Partners LP Moving Averages Chart

Looking at the chart above, CEQP's low point in its 52 week range is $4.01 per share, with $15.40 as the 52 week high point — that compares with a last trade of $4.06.

According to the ETF Finder at ETF Channel, CEQP makes up 2.21% of the Junior MLP ETF ( MLPJ) which is trading relatively unchanged on the day Tuesday.

If you liked this article you might like

Don't Forget Why You Love Tech Stocks Like Amazon, Jim Cramer Explains

Dividend Watch: 3 Stocks Going Ex-Dividend Wednesday: DKL, CEQP, KKR

What To Sell: 3 Sell-Rated Dividend Stocks CS, AGNC, CEQP

What To Sell: 3 Sell-Rated Dividend Stocks CS, AGNC, CEQP

Kinder Morgan's Pipeline JV with Southern Will Help Trim Debt