Cypress Energy Partners LP (NYSE:CELP) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totalling 14,700 shares, a drop of 38.2% from the May 30th total of 23,800 shares. Based on an average daily volume of 12,400 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s stock are short sold.
Shares of CELP traded up $0.07 during trading hours on Friday, hitting $7.35. The company’s stock had a trading volume of 20 shares, compared to its average volume of 4,969. The company has a market cap of $88.57 million, a P/E ratio of 10.28 and a beta of 1.50. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 10.97. The company has a 50 day moving average price of $7.33. Cypress Energy Partners has a 52-week low of $5.36 and a 52-week high of $8.40.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings data on Monday, May 13th. The oil and gas company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). The firm had revenue of $90.38 million for the quarter. Cypress Energy Partners had a net margin of 3.61% and a return on equity of 129.42%.
Separately, ValuEngine raised shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th.
In other Cypress Energy Partners news, insider John T. Mcnabb II acquired 5,000 shares of Cypress Energy Partners stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average cost of $7.28 per share, for a total transaction of $36,400.00. Following the completion of the acquisition, the insider now directly owns 65,262 shares of the company’s stock, valued at $475,107.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired 13,000 shares of company stock valued at $95,500 over the last 90 days.
Cypress Energy Partners Company Profile
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.
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