Cypress Energy Partners Upgraded by Robert W. Baird to “Outperform” (CELP)
Cypress Energy Partners (NASDAQ:CELP) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued on Friday. The firm currently has a $27.00 price objective on the stock, up from their previous price objective of $24.00. Robert W. Baird’s price target would indicate a potential upside of 13.92% from the stock’s previous close.
Cypress Energy Partners (NASDAQ:CELP) opened at 23.83 on Friday. Cypress Energy Partners has a 52 week low of $19.55 and a 52 week high of $26.00. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $23.26. The company has a market cap of $281.8 million and a price-to-earnings ratio of 26.42.
Cypress Energy Partners (NASDAQ:CELP) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.01. The company had revenue of $93.70 million for the quarter, compared to the consensus estimate of $103.96 million. Analysts expect that Cypress Energy Partners will post $1.43 EPS for the current fiscal year.
Cypress Energy Partners, L.P is a limited partnership that provides saltwater disposal and other water and environmental services to United States onshore oil and natural gas producers and trucking companies.
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