Cypress Energy Partners, L.P. (CELP) Upgraded to Hold at Zacks Investment Research

Cypress Energy Partners, L.P. (NYSE:CELP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

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 equities analysts have also weighed in on CELP. Stifel Nicolaus reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research note on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $8.33.

Cypress Energy Partners, L.P. (NYSE CELP) traded down $0.11 during trading hours on Tuesday, reaching $7.22. The company’s stock had a trading volume of 14,300 shares, compared to its average volume of 34,105. Cypress Energy Partners, L.P. has a twelve month low of $6.12 and a twelve month high of $14.27. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 13.48. The company has a market capitalization of $85.79, a price-to-earnings ratio of 14.10 and a beta of 1.36.

Cypress Energy Partners, L.P. (NYSE:CELP) last released its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.10. The firm had revenue of $74.57 million during the quarter, compared to analyst estimates of $69.73 million. Cypress Energy Partners, L.P. had a return on equity of 29.55% and a net margin of 0.76%. equities analysts anticipate that Cypress Energy Partners, L.P. will post 0.42 earnings per share for the current year.

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About Cypress Energy Partners, L.P.

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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