Cypress Energy Partners (NYSE:CELP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $8.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.59% from the company’s previous close.
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. “
Other research analysts have also recently issued reports about the stock. Robert W. Baird reissued a “hold” rating and set a $8.00 target price on shares of Cypress Energy Partners in a research report on Tuesday, September 26th. 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.
Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Monday, November 13th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Cypress Energy Partners had a net margin of 0.15% and a return on equity of 22.34%. equities analysts forecast that Cypress Energy Partners will post 0.45 earnings per share for the current fiscal year.
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Cypress Energy Partners 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.
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