Cypress Energy Partners (NYSE:CELP) announced its quarterly earnings results on Monday. The oil and gas company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06), MarketWatch Earnings reports. The firm had revenue of $88.89 million for the quarter, compared to analyst estimates of $75.20 million. Cypress Energy Partners had a return on equity of 118.93% and a net margin of 3.62%.
CELP stock opened at $7.39 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 7.33. Cypress Energy Partners has a 1 year low of $5.36 and a 1 year high of $8.50. The stock has a market capitalization of $89.53 million, a PE ratio of 10.26 and a beta of 1.82.
A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp bought a new stake in Cypress Energy Partners LP (NYSE:CELP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,716 shares of the oil and gas company’s stock, valued at approximately $143,000. Northern Trust Corp owned approximately 0.17% of Cypress Energy Partners as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 1.16% of the company’s stock.
Several equities research analysts have commented on CELP shares. ValuEngine upgraded Cypress Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, November 30th. Zacks Investment Research upgraded Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Thursday, January 10th.
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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.
Further Reading: Beta
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