ValuEngine Lowers Cypress Energy Partners (CELP) to Strong Sell

ValuEngine lowered shares of Cypress Energy Partners (NYSE:CELP) from a sell rating to a strong sell rating in a report issued on Friday morning.

A number of other analysts also recently issued reports on the company. Robert W. Baird set a $8.00 target price on Cypress Energy Partners and gave the company a hold rating in a research report on Thursday, September 20th. TheStreet raised Cypress Energy Partners from a d+ rating to a c rating in a research report on Monday, August 27th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Cypress Energy Partners currently has an average rating of Hold and a consensus price target of $7.58.

CELP opened at $7.23 on Friday. Cypress Energy Partners has a 1 year low of $5.50 and a 1 year high of $8.50. The stock has a market capitalization of $89.09 million, a price-to-earnings ratio of 14.46 and a beta of 1.59. The company has a debt-to-equity ratio of 7.82, a quick ratio of 3.14 and a current ratio of 3.14.

Cypress Energy Partners (NYSE:CELP) last released its quarterly earnings results on Monday, August 13th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $76.47 million for the quarter, compared to the consensus estimate of $77.17 million. analysts expect that Cypress Energy Partners will post 0.54 EPS for the current fiscal year.

An institutional investor recently bought a new position in Cypress Energy Partners stock. Northern Trust Corp bought a new stake in Cypress Energy Partners LP (NYSE:CELP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.26% of the company’s stock.

Cypress Energy Partners Company Profile

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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