Cypress Energy Partners, L.P. (NYSE:CELP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

CELP has been the subject of a number of other reports. Stifel Nicolaus restated a “hold” rating and set a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research note on Friday, June 23rd. TheStreet cut Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating, Cypress Energy Partners, L.P. presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Shares of Cypress Energy Partners, L.P. (NYSE:CELP) traded up 4.00% on Tuesday, reaching $7.28. 19,328 shares of the company traded hands. The firm has a 50-day moving average price of $7.21 and a 200 day moving average price of $8.85. Cypress Energy Partners, L.P. has a one year low of $6.12 and a one year high of $14.27. The company’s market capitalization is $86.47 million.

Cypress Energy Partners, L.P. (NYSE:CELP) last issued its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.10. The firm had revenue of $74.57 million during the quarter, compared to analysts’ expectations of $69.73 million. Cypress Energy Partners, L.P. had a positive return on equity of 5.84% and a negative net margin of 0.43%. Equities analysts forecast that Cypress Energy Partners, L.P. will post $0.45 EPS for the current fiscal year.

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A hedge fund recently raised its stake in Cypress Energy Partners, L.P. stock. Renaissance Technologies LLC raised its position in shares of Cypress Energy Partners, L.P. (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,759 shares of the oil and gas company’s stock after buying an additional 34,059 shares during the period. Renaissance Technologies LLC owned 0.43% of Cypress Energy Partners, L.P. worth $536,000 as of its most recent SEC filing. 0.69% of the stock is owned by hedge funds and other institutional investors.

About Cypress Energy Partners, L.P.

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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