Cypress Energy Partners (CELP) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Cypress Energy Partners (NYSE:CELP) from a strong sell rating to a sell rating in a research report released on Thursday.

Other analysts have also issued research reports about the company. TheStreet raised Cypress Energy Partners from a d+ rating to a c rating in a report on Monday, August 27th. Robert W. Baird set a $8.00 target price on Cypress Energy Partners and gave the stock a hold rating in a report on Thursday, September 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $7.58.

CELP stock traded up $0.13 on Thursday, reaching $7.15. 16,278 shares of the company traded hands, compared to its average volume of 11,423. Cypress Energy Partners has a one year low of $5.50 and a one year high of $8.50. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 7.82. The firm has a market cap of $85.31 million, a PE ratio of 10.51 and a beta of 1.41.

Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings data on Monday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.14. Cypress Energy Partners had a return on equity of 92.86% and a net margin of 3.03%. The company had revenue of $76.47 million during the quarter, compared to analyst estimates of $77.17 million. On average, research analysts expect that Cypress Energy Partners will post 0.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.75%. The ex-dividend date is Tuesday, November 6th. Cypress Energy Partners’s payout ratio is 168.00%.

A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp bought a new position in Cypress Energy Partners LP (NYSE:CELP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,716 shares of the oil and gas company’s stock, valued at approximately $143,000. Northern Trust Corp owned approximately 0.17% of Cypress Energy Partners at the end of the most recent quarter. Institutional investors own 1.25% of the company’s stock.

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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