Cypress Energy Partners LP (CELP) Upgraded at Zacks Investment Research
Cypress Energy Partners LP (NYSE:CELP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday.
According to Zacks, “Cypress Energy Partners, L.P. offers saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies primarily in North Dakota and west Texas. The Company operates in two segments: Water and Environmental Services and Pipeline Inspection and Integrity Services. It also provides independent pipeline inspection and integrity services to producers and pipeline companies. Cypress Energy Partners, L.P. is headquartered in Tulsa, Oklahoma. “
Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of Cypress Energy Partners from a “c-” rating to a “d+” rating in a report on Friday, May 12th. Stifel Nicolaus cut their price target on shares of Cypress Energy Partners from $9.50 to $8.00 and set a “hold” rating for the company in a report on Tuesday. Four analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $9.50.
Shares of Cypress Energy Partners (NYSE:CELP) opened at 7.50 on Thursday. Cypress Energy Partners has a 12-month low of $7.29 and a 12-month high of $14.27. The stock’s 50 day moving average is $8.46 and its 200 day moving average is $10.41. The firm has a market cap of $89.02 million, a price-to-earnings ratio of 55.15 and a beta of 1.39.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings results on Wednesday, March 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Cypress Energy Partners had a net margin of 0.29% and a return on equity of 5.41%. The company had revenue of $70.41 million during the quarter, compared to the consensus estimate of $80.87 million. Equities analysts expect that Cypress Energy Partners will post $0.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Monday, May 8th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date was Thursday, May 4th. Cypress Energy Partners’s dividend payout ratio (DPR) is presently 5,433.33%.
An institutional investor recently raised its position in Cypress Energy Partners stock. Wedbush Securities Inc. increased its position in Cypress Energy Partners LP (NYSE:CELP) by 7.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned approximately 0.41% of Cypress Energy Partners worth $447,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 4.30% of the company’s stock.
Cypress Energy Partners Company Profile
Cypress Energy Partners, L.P. is a limited partnership company, which serves energy companies throughout North America. The Company provides independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies.
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