Cypress Energy Partners LP (NYSE:CELP) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Friday. They currently have a $9.50 price objective on the stock, down from their previous price objective of $14.00. Stifel Nicolaus’ target price would indicate a potential upside of 8.57% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. TheStreet raised Cypress Energy Partners from a “d+” rating to a “c” rating in a research report on Tuesday, January 17th. Zacks Investment Research raised Cypress Energy Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, March 7th. Finally, Janney Montgomery Scott downgraded Cypress Energy Partners from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 20th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Cypress Energy Partners currently has an average rating of “Hold” and an average price target of $9.50.
Cypress Energy Partners (NYSE:CELP) opened at 8.75 on Friday. Cypress Energy Partners has a 52-week low of $7.34 and a 52-week high of $14.27. The company’s 50 day moving average price is $12.36 and its 200 day moving average price is $10.72. The company has a market cap of $103.76 million, a P/E ratio of 224.36 and a beta of 1.39.
Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Wednesday, March 15th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.19 by $0.00. Cypress Energy Partners had a net margin of 0.29% and a return on equity of 5.41%. Equities research analysts anticipate that Cypress Energy Partners will post $0.62 EPS for the current fiscal year.
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An institutional investor recently raised its position in Cypress Energy Partners stock. Renaissance Technologies LLC increased its stake in shares of Cypress Energy Partners LP (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing. 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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