Zacks Investment Research downgraded shares of Cypress Energy Partners (NYSE:CELP) from a buy rating to a hold rating in a report released on Monday, May 21st.
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 research analysts also recently weighed in on the company. ValuEngine downgraded Cypress Energy Partners from a hold rating to a sell rating in a research note on Tuesday, April 3rd. Robert W. Baird reaffirmed a hold rating and set a $6.00 price objective on shares of Cypress Energy Partners in a research note on Monday, April 2nd.
Shares of NYSE CELP remained flat at $$7.79 during trading hours on Monday. The company had a trading volume of 18,341 shares, compared to its average volume of 21,615. The firm has a market cap of $85.61 million, a PE ratio of 15.58 and a beta of 1.59. Cypress Energy Partners has a fifty-two week low of $5.50 and a fifty-two week high of $8.50.
Cypress Energy Partners (NYSE:CELP) last issued its earnings results on Thursday, May 10th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.07). The company had revenue of $64.83 million during the quarter, compared to analyst estimates of $69.90 million. Cypress Energy Partners had a return on equity of 71.49% and a net margin of 2.37%. equities analysts anticipate that Cypress Energy Partners will post 0.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 10.78%. The ex-dividend date of this dividend was Monday, May 7th. Cypress Energy Partners’s payout ratio is 168.00%.
An institutional investor recently bought a new position in Cypress Energy Partners stock. Deutsche Bank AG acquired a new stake in Cypress Energy Partners LP (NYSE:CELP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 31,799 shares of the oil and gas company’s stock, valued at approximately $190,000. Deutsche Bank AG owned approximately 0.27% of Cypress Energy Partners at the end of the most recent reporting period. Institutional investors and hedge funds own 1.04% 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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