Zacks: Analysts Expect Cypress Energy Partners LP (CELP) to Announce $0.21 EPS

Equities analysts expect Cypress Energy Partners LP (NYSE:CELP) to announce $0.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cypress Energy Partners’ earnings. Cypress Energy Partners posted earnings of $0.13 per share during the same quarter last year, which indicates a positive year over year growth rate of 61.5%. The business is expected to announce its next earnings report on Monday, November 12th.

According to Zacks, analysts expect that Cypress Energy Partners will report full-year earnings of $0.72 per share for the current year. For the next year, analysts anticipate that the business will report earnings of $0.89 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Cypress Energy Partners.

Cypress Energy Partners (NYSE:CELP) last released its quarterly earnings data on Monday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.14. Cypress Energy Partners had a net margin of 3.03% and a return on equity of 92.86%. The company had revenue of $76.47 million during the quarter, compared to analyst estimates of $77.17 million.

A number of research firms have recently commented on CELP. ValuEngine upgraded shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. TheStreet upgraded shares of Cypress Energy Partners from a “d+” rating to a “c” rating in a research report on Monday, August 27th. Finally, Robert W. Baird set a $8.00 price objective on shares of Cypress Energy Partners and gave the company a “hold” rating in a research report on Thursday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Cypress Energy Partners presently has a consensus rating of “Hold” and a consensus target price of $7.58.

A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp bought a new stake in shares of Cypress Energy Partners LP (NYSE:CELP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,716 shares of the oil and gas company’s stock, valued at approximately $143,000. Northern Trust Corp owned about 0.17% of Cypress Energy Partners at the end of the most recent reporting period. 1.26% of the stock is currently owned by institutional investors.

Shares of CELP stock traded down $0.07 during trading hours on Friday, reaching $6.75. The stock had a trading volume of 4,455 shares, compared to its average volume of 19,057. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 7.82. Cypress Energy Partners has a 12 month low of $5.50 and a 12 month high of $8.50. The firm has a market capitalization of $85.92 million, a P/E ratio of 13.50 and a beta of 1.59.

About Cypress Energy Partners

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America. It operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The PIS segment offers independent inspection services for various facilities and equipment, such as transmission pipelines, oil and natural gas gathering systems, pump and compressor stations, storage facilities and terminals, and gas distribution systems.

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