Cypress Energy Partners LP (CELP) Expected to Post Quarterly Sales of $81.90 Million

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Equities analysts forecast that Cypress Energy Partners LP (NYSE:CELP) will announce sales of $81.90 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cypress Energy Partners’ earnings, with estimates ranging from $79.40 million to $85.60 million. Cypress Energy Partners posted sales of $77.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 12th.

On average, analysts expect that Cypress Energy Partners will report full-year sales of $299.53 million for the current fiscal year, with estimates ranging from $292.80 million to $307.90 million. For the next financial year, analysts anticipate that the business will report sales of $310.50 million per share, with estimates ranging from $298.00 million to $323.00 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Cypress Energy Partners.

Cypress Energy Partners (NYSE:CELP) last announced its quarterly earnings data on Monday, August 13th. The oil and gas company reported $0.24 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $77.17 million.

A number of research analysts recently commented on CELP shares. ValuEngine downgraded shares of Cypress Energy Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Robert W. Baird set a $8.00 price objective on shares of Cypress Energy Partners and gave the company a “hold” rating in a research report on Thursday. Finally, TheStreet raised shares of Cypress Energy Partners from a “d+” rating to a “c” rating in a research report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Cypress Energy Partners presently has an average rating of “Hold” and an average target price of $7.58.

Shares of CELP opened at $7.65 on Friday. Cypress Energy Partners has a 52 week low of $5.50 and a 52 week high of $8.50. The company has a market cap of $91.02 million, a P/E ratio of 11.22 and a beta of 1.58. The company has a current ratio of 3.14, a quick ratio of 3.14 and a debt-to-equity ratio of 7.82.

A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp bought a new position in Cypress Energy Partners LP (NYSE:CELP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. 1.26% of the stock is owned by institutional investors.

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.

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