Crestwood Midstream Partners (CMLP) Shares Cross Below Book Value

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In trading on Friday, shares of Crestwood Midstream Partners LP (Symbol: CMLP) crossed below their last reported book value - defined as common shareholder equity per share - of $21.35, changing hands as low as $21.32 per share. Crestwood Midstream Partners LP shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of CMLP shares, versus its 50 and 200 day moving averages: Crestwood Midstream Partners LP Moving Averages Chart

Looking at the chart above, CMLP's low point in its 52 week range is $20.40 per share, with $24.95 as the 52 week high point - that compares with a last trade of $21.40.

According to the ETF Finder at ETF Channel, CMLP makes up 1.92% of the MLP ETF (Symbol: MLPA) which is trading lower by about 0.2% on the day Friday.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Commodities
More Headlines for: CMLP , MLPA


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