Cypress Energy Partners LP (NYSE:CELP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued 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. “
A number of other brokerages have also recently issued reports on CELP. TheStreet raised Cypress Energy Partners from a “d+” rating to a “c” rating in a report on Tuesday, January 17th. Janney Montgomery Scott cut Cypress Energy Partners from a “buy” rating to a “neutral” rating in a report on Tuesday, December 20th. Finally, Stifel Nicolaus cut Cypress Energy Partners from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $14.00 to $9.50 in a report on Friday. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has an average rating of “Hold” and an average target price 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 firm’s 50-day moving average price is $12.36 and its 200 day moving average price is $10.72. The company has a market cap of $103.76 million, a price-to-earnings ratio of 224.36 and a beta of 1.39.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings data on Wednesday, March 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 bought a new position in Cypress Energy Partners stock. Wedbush Securities Inc. purchased a new stake in shares of Cypress Energy Partners LP (NYSE:CELP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 17,842 shares of the company’s stock, valued at approximately $174,000. Wedbush Securities Inc. owned approximately 0.15% of Cypress Energy Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 4.30% of the company’s stock.
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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