Cypress Energy Partners LP (NYSE:CELP) declared a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Investors of record on Wednesday, February 7th will be given a dividend of 0.21 per share by the oil and gas company on Wednesday, February 14th. This represents a $0.84 annualized dividend and a yield of 11.91%. The ex-dividend date of this dividend is Tuesday, February 6th.
Cypress Energy Partners has decreased its dividend payment by an average of 2.1% annually over the last three years. Cypress Energy Partners has a payout ratio of 186.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Cypress Energy Partners to earn $0.45 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 186.7%.
Cypress Energy Partners (CELP) traded down $0.24 on Monday, reaching $7.05. The company had a trading volume of 28,153 shares, compared to its average volume of 31,571. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 14.67. Cypress Energy Partners has a fifty-two week low of $5.55 and a fifty-two week high of $14.27. The company has a market cap of $86.68, a price-to-earnings ratio of 36.45 and a beta of 1.28.
Several research firms recently issued reports on CELP. Zacks Investment Research lowered Cypress Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Stifel Nicolaus reduced their price target on 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. Finally, Robert W. Baird set a $8.00 price target on Cypress Energy Partners and gave the stock a “hold” rating in a research report on Friday, November 17th.
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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