Zacks: Analysts Expect Cypress Energy Partners, L.P. (CELP) to Post $0.12 Earnings Per Share

Wall Street brokerages predict that Cypress Energy Partners, L.P. (NYSE:CELP) will report earnings per share (EPS) of $0.12 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Cypress Energy Partners’ earnings, with estimates ranging from $0.08 to $0.16. Cypress Energy Partners posted earnings per share of $0.19 during the same quarter last year, which would suggest a negative year-over-year growth rate of 36.8%. The company is scheduled to issue its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that Cypress Energy Partners will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.40 to $0.49. For the next year, analysts expect that the company will post earnings of $0.39 per share, with EPS estimates ranging from $0.22 to $0.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Cypress Energy Partners.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cypress Energy Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 15th. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price target on shares of Cypress Energy Partners in a report on Tuesday, September 26th. Finally, Stifel Nicolaus reduced their target price on shares of Cypress Energy Partners from $8.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $8.00.

Shares of Cypress Energy Partners (CELP) opened at $6.17 on Friday. The firm has a market cap of $74.91, a price-to-earnings ratio of 16.84 and a beta of 1.36. The company has a debt-to-equity ratio of 14.67, a quick ratio of 3.78 and a current ratio of 3.78. Cypress Energy Partners has a 52 week low of $6.05 and a 52 week high of $14.27.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 13.61%. The ex-dividend date was Monday, November 6th. Cypress Energy Partners’s payout ratio is currently 420.00%.

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About Cypress Energy Partners

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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