Cypress Energy Partners, L.P. (CELP) Stock Rating Upgraded by Zacks Investment Research

Cypress Energy Partners, L.P. (NYSE:CELP) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, October 16th. The firm currently has a $9.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 24.31% from the company’s current price.

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. “

A number of other analysts have also recently weighed in on CELP. Robert W. Baird restated a “hold” rating and issued a $8.00 price target on shares of Cypress Energy Partners, L.P. in a research note on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price target on shares of Cypress Energy Partners, L.P. in a research note on Friday, June 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Cypress Energy Partners, L.P. presently has an average rating of “Hold” and an average price target of $8.33.

Shares of Cypress Energy Partners, L.P. (CELP) traded down 4.23% during mid-day trading on Monday, reaching $7.24. The company’s stock had a trading volume of 20,697 shares. 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 market cap of $86.03 million, a PE ratio of 20.11 and a beta of 1.39. The company has a 50-day moving average price of $7.71 and a 200 day moving average price of $7.58.

Cypress Energy Partners, L.P. (NYSE:CELP) last posted its quarterly earnings results on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $69.73 million. Equities analysts expect that Cypress Energy Partners, L.P. will post $0.42 earnings per share for the current year.

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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.

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