Cypress Energy Partners LP (NYSE:CELP) issued its earnings results on Wednesday. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Cypress Energy Partners had a return on equity of 5.41% and a net margin of 0.29%.
Shares of Cypress Energy Partners (NYSE:CELP) traded down 2.37% on Friday, hitting $8.70. The company had a trading volume of 18,991 shares. The company has a market capitalization of $103.26 million, a P/E ratio of 63.97 and a beta of 1.39. The firm has a 50-day moving average price of $11.64 and a 200 day moving average price of $10.69. Cypress Energy Partners has a 12-month low of $7.34 and a 12-month high of $14.27.
CELP has been the subject of a number of recent research reports. TheStreet upgraded Cypress Energy Partners from a “d+” rating to a “c” rating in a research note on Tuesday, January 17th. Stifel Nicolaus lowered Cypress Energy Partners from a “buy” rating to a “hold” rating and cut their target price for the company from $14.00 to $9.50 in a research note on Friday, March 17th. Zacks Investment Research upgraded Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, March 7th. Finally, Janney Montgomery Scott lowered Cypress Energy Partners from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 20th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.25.
An institutional investor recently raised its position in Cypress Energy Partners stock. Renaissance Technologies LLC increased its stake in Cypress Energy Partners LP (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,759 shares of the company’s stock after buying an additional 34,059 shares during the period. Renaissance Technologies LLC owned about 0.43% of Cypress Energy Partners worth $536,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 4.30% of the company’s stock.
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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