Cypress Energy Partners LP (NYSE:CELP) declared a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Stockholders of record on Wednesday, February 7th will be given a dividend of 0.21 per share by the oil and gas company on Wednesday, February 14th. This represents a $0.84 annualized dividend and a dividend yield of 11.91%. The ex-dividend date of this dividend is Tuesday, February 6th.
Cypress Energy Partners has decreased its dividend payment by an average of 2.1% annually over the last three years. Cypress Energy Partners has a payout ratio of 186.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Cypress Energy Partners to earn $0.45 per share next year, which means the company may not be able to cover its $0.84 annual dividend with an expected future payout ratio of 186.7%.
Cypress Energy Partners (NYSE:CELP) opened at $7.05 on Tuesday. The company has a debt-to-equity ratio of 14.67, a quick ratio of 3.78 and a current ratio of 3.78. The firm has a market cap of $86.68, a P/E ratio of 19.18 and a beta of 1.28. Cypress Energy Partners has a 1-year low of $5.55 and a 1-year high of $14.27.
Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Monday, November 13th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Cypress Energy Partners had a net margin of 0.15% and a return on equity of 22.34%. sell-side analysts anticipate that Cypress Energy Partners will post 0.45 earnings per share for the current year.
Several research firms have recently weighed in on CELP. Zacks Investment Research lowered shares of Cypress Energy Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Stifel Nicolaus cut their target price on shares of Cypress Energy Partners from $8.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, November 15th. Finally, Robert W. Baird set a $8.00 target price on shares of Cypress Energy Partners and gave the company a “hold” rating in a report on Friday, November 17th.
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Cypress Energy Partners 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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