Zacks Investment Research downgraded shares of Cypress Energy Partners, L.P. (NYSE:CELP) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, October 17th.
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. “
Several other research analysts have also commented on the stock. Robert W. Baird reaffirmed a hold rating and issued a $8.00 price target on shares of Cypress Energy Partners, L.P. in a report on Tuesday, September 26th. Stifel Nicolaus reaffirmed a hold rating and issued a $8.00 price target on shares of Cypress Energy Partners, L.P. in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $8.33.
Shares of Cypress Energy Partners, L.P. (NYSE CELP) traded down $0.38 during trading hours on Tuesday, hitting $7.11. 24,880 shares of the stock were exchanged, compared to its average volume of 19,815. The stock has a market capitalization of $89.00, a PE ratio of 14.40 and a beta of 1.36. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 13.48. Cypress Energy Partners, L.P. has a 1-year low of $6.12 and a 1-year high of $14.27.
Cypress Energy Partners, L.P. (NYSE:CELP) last announced its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. The company had revenue of $74.57 million during the quarter, compared to analyst estimates of $69.73 million. Cypress Energy Partners, L.P. had a net margin of 0.76% and a return on equity of 29.55%. equities research analysts forecast that Cypress Energy Partners, L.P. will post 0.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Tuesday, November 7th will be given a $0.21 dividend. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.84 annualized dividend and a yield of 11.81%. Cypress Energy Partners, L.P.’s dividend payout ratio is presently 323.08%.
Cypress Energy Partners, L.P. Company Profile
Cypress Energy Partners, L.P. is a limited partnership company, which serves energy companies throughout North America. The Company provides independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cypress Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners L.P. and related companies with our FREE daily email newsletter.