Equities research analysts expect that Cypress Energy Partners, L.P. (NYSE:CELP) will report sales of $73.27 million for the current quarter, Zacks reports. Three analysts have provided estimates for Cypress Energy Partners’ earnings, with estimates ranging from $72.00 million to $74.00 million. Cypress Energy Partners reported sales of $70.41 million in the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is expected to announce its next earnings results on Wednesday, March 21st.
On average, analysts expect that Cypress Energy Partners will report full year sales of $73.27 million for the current year, with estimates ranging from $289.00 million to $292.00 million. For the next financial year, analysts forecast that the firm will report sales of $307.88 million per share, with estimates ranging from $296.90 million to $316.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Cypress Energy Partners.
Several research analysts have weighed in on the stock. Robert W. Baird reissued a “hold” rating and issued a $8.00 price target on shares of Cypress Energy Partners in a report on Tuesday, September 26th. Stifel Nicolaus lowered 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 report on Wednesday, November 15th. Finally, 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. Four research analysts have rated the stock with a hold rating, Cypress Energy Partners presently has a consensus rating of “Hold” and an average price target of $8.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 13.23%. Cypress Energy Partners’s dividend payout ratio is presently 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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