Equities research analysts forecast that Cypress Energy Partners LP (NYSE:CELP) will report sales of $81.23 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cypress Energy Partners’ earnings, with the lowest sales estimate coming in at $79.40 million and the highest estimate coming in at $83.60 million. Cypress Energy Partners reported sales of $77.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The firm is scheduled to announce its next earnings results on Monday, November 12th.
According to Zacks, analysts expect that Cypress Energy Partners will report full-year sales of $296.97 million for the current fiscal year, with estimates ranging from $292.80 million to $300.20 million. For the next financial year, analysts anticipate that the company will report sales of $306.00 million, with estimates ranging from $298.00 million to $314.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cypress Energy Partners.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings results on Monday, August 13th. The oil and gas company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.14. Cypress Energy Partners had a net margin of 3.03% and a return on equity of 92.86%. The company had revenue of $76.47 million during the quarter, compared to the consensus estimate of $77.17 million.
A number of research analysts recently issued reports on CELP shares. TheStreet upgraded shares of Cypress Energy Partners from a “d+” rating to a “c” rating in a research note on Monday, August 27th. Robert W. Baird set a $8.00 price target on shares of Cypress Energy Partners and gave the stock a “hold” rating in a research note on Thursday, September 20th. Finally, ValuEngine upgraded shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $7.58.
Shares of Cypress Energy Partners stock opened at $6.94 on Monday. Cypress Energy Partners has a 52-week low of $5.50 and a 52-week 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 company has a market capitalization of $85.92 million, a P/E ratio of 13.88 and a beta of 1.59.
A hedge fund recently bought a new stake 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 its most recent 13F filing with the SEC. The institutional investor 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. Hedge funds and other 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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