Markets

Crestwood Midstream Partners (CMLP) Shares Cross Below Book Value

In trading on Wednesday, shares of Crestwood Midstream Partners LP (Symbol: CMLP) crossed below their last reported book value - defined as common shareholder equity per share - of $22.51, changing hands as low as $22.37 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 $20.23 per share, with $24.95 as the 52 week high point - that compares with a last trade of $22.49.

According to the ETF Finder at ETF Channel, CMLP makes up 4.10% of the Zacks MLP High Income Shares ETF (Symbol: ZMLP) which is trading higher by about 0.1% on the day Wednesday.

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.


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

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