Zacks Investment Research Downgrades Cypress Energy Partners, L.P. (NYSE:CELP) to Hold

Zacks Investment Research lowered 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. “



CELP has been the subject of a number of other reports. Stifel Nicolaus reissued a hold rating and set a $8.00 target price on shares of Cypress Energy Partners, L.P. in a research note on Friday, June 23rd. Robert W. Baird reissued a hold rating and set a $8.00 target price on shares of Cypress Energy Partners, L.P. in a research note on Tuesday, September 26th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has a consensus rating of Hold and an average price target of $8.33.

Cypress Energy Partners, L.P. (NYSE CELP) opened at 7.61 on Tuesday. Cypress Energy Partners, L.P. has a 52 week low of $6.12 and a 52 week high of $14.27. The company has a 50 day moving average of $7.71 and a 200 day moving average of $7.58. The stock has a market capitalization of $90.42 million, a P/E ratio of 21.14 and a beta of 1.39.

Cypress Energy Partners, L.P. (NYSE:CELP) last posted its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.10. Cypress Energy Partners, L.P. had a return on equity of 29.55% and a net margin of 0.76%. The company had revenue of $74.57 million during the quarter, compared to analysts’ expectations of $69.73 million. Equities analysts expect that Cypress Energy Partners, L.P. will post $0.42 EPS for the current fiscal year.

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About Cypress Energy Partners, L.P.

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.

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