Cypress Energy Partners LP (NYSE:CELP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
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. “
Several other analysts have also commented on the company. Stifel Nicolaus lowered Cypress Energy Partners from a “buy” rating to a “hold” rating and cut their price objective for the stock from $14.00 to $9.50 in a report on Friday. TheStreet raised Cypress Energy Partners from a “d+” rating to a “c” rating in a report on Tuesday, January 17th. Finally, Janney Montgomery Scott lowered Cypress Energy Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Cypress Energy Partners presently has an average rating of “Hold” and a consensus price target of $9.50.
Shares of Cypress Energy Partners (NYSE:CELP) opened at 8.75 on Friday. Cypress Energy Partners has a 12-month low of $7.34 and a 12-month high of $14.27. The company has a market cap of $103.76 million, a price-to-earnings ratio of 224.36 and a beta of 1.39. The firm’s 50-day moving average price is $12.36 and its 200 day moving average price is $10.72.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.00. Cypress Energy Partners had a return on equity of 5.41% and a net margin of 0.29%. On average, analysts predict that Cypress Energy Partners will post $0.62 earnings per share for the current year.
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An institutional investor recently raised its position in Cypress Energy Partners stock. Renaissance Technologies LLC boosted its stake in Cypress Energy Partners LP (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,759 shares of the company’s stock after buying an additional 34,059 shares during the period. Renaissance Technologies LLC owned about 0.43% of Cypress Energy Partners worth $536,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.30% of the company’s stock.
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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