$0.14 EPS Expected for Cypress Energy Partners, L.P. (CELP) This Quarter
Equities research analysts predict that Cypress Energy Partners, L.P. (NYSE:CELP) will report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cypress Energy Partners, L.P.’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.16. Cypress Energy Partners, L.P. posted earnings per share of $0.27 during the same quarter last year, which suggests a negative year-over-year growth rate of 48.1%. The business is scheduled to announce its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Cypress Energy Partners, L.P. will report full year earnings of $0.38 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.54. For the next year, analysts expect that the business will report earnings of $0.50 per share, with EPS estimates ranging from $0.35 to $0.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Cypress Energy Partners, L.P..
Cypress Energy Partners, L.P. (NYSE:CELP) last posted its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.10. The company had revenue of $74.57 million for the quarter, compared to analyst estimates of $69.73 million. Cypress Energy Partners, L.P. had a net margin of 0.76% and a return on equity of 29.55%.
CELP has been the subject of several analyst reports. Zacks Investment Research upgraded Cypress Energy Partners, L.P. from a “strong sell” rating to a “hold” rating in a report on Thursday, May 18th. Stifel Nicolaus restated a “hold” rating and issued a $8.00 target price on shares of Cypress Energy Partners, L.P. in a report on Friday, July 28th.
Cypress Energy Partners, L.P. (CELP) traded down 0.121% during mid-day trading on Friday, hitting $7.411. 9,904 shares of the stock were exchanged. The stock has a market cap of $88.06 million, a price-to-earnings ratio of 20.586 and a beta of 1.38. Cypress Energy Partners, L.P. has a 52 week low of $6.12 and a 52 week high of $14.27. The company has a 50 day moving average price of $7.22 and a 200 day moving average price of $8.05.
ILLEGAL ACTIVITY WARNING: “$0.14 EPS Expected for Cypress Energy Partners, L.P. (CELP) This Quarter” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/15/0-14-eps-expected-for-cypress-energy-partners-l-p-celp-this-quarter.html.
Cypress Energy Partners, L.P. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cypress Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.