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:

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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.

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