Wall Street analysts expect that Cypress Energy Partners LP (NYSE:CELP) will report earnings of $0.21 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Cypress Energy Partners’ earnings. Cypress Energy Partners posted earnings of $0.13 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 61.5%. The business is expected to report its next quarterly earnings report on Monday, November 12th.
On average, analysts expect that Cypress Energy Partners will report full year earnings of $0.72 per share for the current fiscal year. For the next financial year, analysts forecast that the business will report earnings of $0.89 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Cypress Energy Partners.
Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings results on Monday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $76.47 million during the quarter, compared to the consensus estimate of $77.17 million.
Several research firms have recently weighed in on CELP. ValuEngine raised shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. TheStreet raised shares of Cypress Energy Partners from a “d+” rating to a “c” rating in a research note on Monday, August 27th. Finally, Robert W. Baird set a $8.00 price objective on shares of Cypress Energy Partners and gave the stock a “hold” rating in a research note on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Cypress Energy Partners presently has a consensus rating of “Hold” and a consensus price target of $7.58.
An institutional investor recently bought a new position in Cypress Energy Partners stock. Northern Trust Corp purchased a new position in Cypress Energy Partners LP (NYSE:CELP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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 at the end of the most recent quarter. 1.26% of the stock is currently owned by institutional investors and hedge funds.
Cypress Energy Partners stock opened at $6.65 on Friday. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 7.82. Cypress Energy Partners has a fifty-two week low of $5.50 and a fifty-two week high of $8.50. The company has a market cap of $85.92 million, a PE ratio of 13.30 and a beta of 1.59.
About Cypress Energy Partners
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cypress Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.