Equities research analysts expect Cypress Energy Partners, L.P. (NYSE:CELP) to post sales of $80.80 million for the current quarter, Zacks reports. Three analysts have made estimates for Cypress Energy Partners, L.P.’s earnings, with the highest sales estimate coming in at $84.60 million and the lowest estimate coming in at $77.90 million. Cypress Energy Partners, L.P. posted sales of $81.81 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 8th.

According to Zacks, analysts expect that Cypress Energy Partners, L.P. will report full-year sales of $80.80 million for the current financial year, with estimates ranging from $289.80 million to $307.40 million. For the next fiscal year, analysts forecast that the company will report sales of $316.45 million per share, with estimates ranging from $296.70 million to $336.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cypress Energy Partners, L.P..

Cypress Energy Partners, L.P. (NYSE:CELP) last issued its earnings results on Monday, August 14th. The oil and gas company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. Cypress Energy Partners, L.P. had a return on equity of 29.55% and a net margin of 0.76%. The company had revenue of $74.57 million during the quarter, compared to the consensus estimate of $69.73 million.

CELP has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price target on shares of Cypress Energy Partners, L.P. in a research report on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and set a $8.00 price target on shares of Cypress Energy Partners, L.P. in a research report on Tuesday, September 26th. Finally, Zacks Investment Research downgraded Cypress Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/06/zacks-brokerages-expect-cypress-energy-partners-l-p-celp-will-post-quarterly-sales-of-80-80-million.html.

Cypress Energy Partners, L.P. (CELP) opened at 7.83 on Friday. The stock’s 50 day moving average price is $7.47 and its 200 day moving average price is $7.65. 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 market capitalization of $93.04 million, a P/E ratio of 21.75 and a beta of 1.39.

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.

Get a free copy of the Zacks research report on Cypress Energy Partners, L.P. (CELP)

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.