Equities analysts predict that Cypress Energy Partners LP (NYSE:CELP) will announce earnings of $0.12 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cypress Energy Partners’ earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.08. Cypress Energy Partners reported earnings of $0.19 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 36.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 21st.
According to Zacks, analysts expect that Cypress Energy Partners will report full year earnings of $0.45 per share for the current year, with EPS estimates ranging from $0.40 to $0.49. For the next year, analysts expect that the firm will report earnings of $0.45 per share, with EPS estimates ranging from $0.22 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Cypress Energy Partners.
CELP has been the subject of a number of research reports. Zacks Investment Research raised Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a report on Tuesday, January 2nd. Robert W. Baird set a $8.00 target price on Cypress Energy Partners and gave the stock a “hold” rating in a report on Friday, November 17th. Finally, Stifel Nicolaus decreased their target price on Cypress Energy Partners from $8.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, November 15th.
Shares of Cypress Energy Partners (NYSE:CELP) opened at $6.70 on Friday. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 14.67. Cypress Energy Partners has a twelve month low of $5.55 and a twelve month high of $14.23. The company has a market capitalization of $77.52, a PE ratio of 55.83 and a beta of 1.50.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Wednesday, February 7th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 12.54%. The ex-dividend date was Tuesday, February 6th. Cypress Energy Partners’s dividend payout ratio is currently 700.00%.
A hedge fund recently raised its stake in Cypress Energy Partners stock. Raymond James & Associates boosted its stake in shares of Cypress Energy Partners LP (NYSE:CELP) by 140.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,400 shares of the oil and gas company’s stock after acquiring an additional 18,900 shares during the quarter. Raymond James & Associates owned 0.27% of Cypress Energy Partners worth $194,000 at the end of the most recent reporting period. 0.87% of the stock is currently owned by hedge funds and other institutional investors.
About Cypress Energy Partners
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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