Methanex (MEOH) Forms $60.35 Double Top; Crestwood Equity Partners LP (CEQP) Shorts Decreased By 9.6%

Methanex Corporation (MEOH) formed double top with $63.37 target or 5.00% above today’s $60.35 share price. Methanex Corporation (MEOH) has $4.92B valuation. The stock increased 0.84% or $0.5 during the last trading session, reaching $60.35. About 117,574 shares traded. Methanex Corporation (NASDAQ:MEOH) has risen 45.59% since February 5, 2017 and is uptrending. It has outperformed by 28.89% the S&P500.

Crestwood Equity Partners LP (NYSE:CEQP) had a decrease of 9.6% in short interest. CEQP’s SI was 719,500 shares in February as released by FINRA. Its down 9.6% from 795,900 shares previously. With 182,800 avg volume, 4 days are for Crestwood Equity Partners LP (NYSE:CEQP)’s short sellers to cover CEQP’s short positions. The SI to Crestwood Equity Partners LP’s float is 1.53%. The stock decreased 2.00% or $0.55 during the last trading session, reaching $26.95. About 29,932 shares traded. Crestwood Equity Partners LP (NYSE:CEQP) has risen 35.08% since February 5, 2017 and is uptrending. It has outperformed by 18.38% the S&P500.

Among 13 analysts covering Methanex Corporation (NASDAQ:MEOH), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Methanex Corporation had 73 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, January 31 by Scotia Capital. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Buy” rating by Jefferies on Tuesday, September 12. The rating was upgraded by Raymond James to “Outperform” on Friday, February 24. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, December 28. The firm earned “Buy” rating on Friday, July 29 by TD Securities. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Hold” rating by RBC Capital Markets on Thursday, February 1. The firm earned “Sector Perform” rating on Friday, January 27 by RBC Capital Markets. Jefferies maintained Methanex Corporation (NASDAQ:MEOH) on Thursday, July 27 with “Buy” rating. Jefferies maintained the shares of MEOH in report on Friday, August 7 with “Buy” rating. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Buy” rating by Alembic on Wednesday, January 31.

Among 11 analysts covering Crestwood Equity (NYSE:CEQP), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Crestwood Equity had 26 analyst reports since August 17, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 11 by Wells Fargo. Stifel Nicolaus maintained the shares of CEQP in report on Tuesday, October 31 with “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Wednesday, December 14. As per Thursday, January 11, the company rating was maintained by Stifel Nicolaus. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, December 23 report. RBC Capital Markets maintained the stock with “Hold” rating in Monday, June 5 report. UBS upgraded the shares of CEQP in report on Monday, December 4 to “Buy” rating. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, January 16. The rating was upgraded by Raymond James on Thursday, January 12 to “Outperform”. Stifel Nicolaus maintained it with “Hold” rating and $20 target in Monday, November 7 report.

Crestwood Equity Partners LP provides infrastructure solutions to liquids-rich natural gas and crude oil shale plays in the United States. The company has market cap of $1.90 billion. The companyÂ’s Gathering and Processing Operations segment provides gathering and transportation services for crude oil, natural gas, and produced water; and processing, treating, and compression services for natural gas to producers in unconventional shale plays and tight-gas plays. It currently has negative earnings. The Company’s Storage and Transportation Operations segment offers natural gas and crude oil storage and transportation services to producers, utilities, and other customers.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $176,431 activity. 6,927 shares were sold by Lambert Joel Christian, worth $176,431 on Thursday, August 10.

Investors sentiment is 0 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 0 investors sold Crestwood Equity Partners LP shares while 1 reduced holdings. only 0 funds opened positions while 0 raised stakes. 27,440 shares or 2.96% less from 28,278 shares in 2017Q2 were reported. Jacobus Wealth Mgmt Inc reported 0.07% in Crestwood Equity Partners LP (NYSE:CEQP). Bush Odonnell Invest Advsr has invested 0.3% in Crestwood Equity Partners LP (NYSE:CEQP).

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