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

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. “

A number of other research firms have also recently issued reports on CELP. Stifel Nicolaus reissued a “hold” rating and set a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research report on Friday, July 28th. Robert W. Baird reissued a “hold” rating and set a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Cypress Energy Partners, L.P. currently has an average rating of “Hold” and a consensus target price of $8.33.

Cypress Energy Partners, L.P. (NYSE:CELP) traded up 1.01% during mid-day trading on Monday, hitting $8.03. The company had a trading volume of 21,322 shares. Cypress Energy Partners, L.P. has a 12-month low of $6.12 and a 12-month high of $14.27. The company’s 50 day moving average price is $7.67 and its 200-day moving average price is $7.60. The firm has a market capitalization of $95.41 million, a PE ratio of 22.31 and a beta of 1.39.

Cypress Energy Partners, L.P. (NYSE:CELP) last released its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. The company had revenue of $74.57 million for the quarter, compared to analysts’ expectations of $69.73 million. Cypress Energy Partners, L.P. had a net margin of 0.76% and a return on equity of 29.55%. On average, analysts forecast that Cypress Energy Partners, L.P. will post $0.42 EPS for the current fiscal year.

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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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