Cypress Energy Partners (NYSE:CELP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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. “
Other research analysts also recently issued reports about the company. Robert W. Baird reissued a “hold” rating and issued a $6.00 price objective on shares of Cypress Energy Partners in a research note on Monday, April 2nd. ValuEngine downgraded Cypress Energy Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd.
Shares of Cypress Energy Partners opened at $6.92 on Monday, MarketBeat Ratings reports. The stock has a market capitalization of $79.31 million, a PE ratio of 13.84 and a beta of 1.57. Cypress Energy Partners has a 1 year low of $5.50 and a 1 year high of $8.30.
Cypress Energy Partners (NYSE:CELP) last announced its quarterly earnings data on Thursday, May 10th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.07). The business had revenue of $64.83 million during the quarter, compared to analyst estimates of $69.90 million. Cypress Energy Partners had a net margin of 2.37% and a return on equity of 71.49%. sell-side analysts predict that Cypress Energy Partners will post 0.36 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Cypress Energy Partners stock. Deutsche Bank AG purchased a new position in shares of Cypress Energy Partners (NYSE:CELP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 31,799 shares of the oil and gas company’s stock, valued at approximately $190,000. Deutsche Bank AG owned 0.27% of Cypress Energy Partners as of its most recent filing with the SEC. 1.04% of the stock is owned by hedge funds and other 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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