Cypress Energy Partners LP (NYSE:CELP) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $10.50 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 17.98% from the stock’s current price.
A number of other equities analysts have also recently issued reports on CELP. Zacks Investment Research raised shares of Cypress Energy Partners from a “sell” rating to a “hold” rating and set a $11.00 price objective on the stock in a research note on Tuesday, July 19th. Raymond James Financial Inc. cut shares of Cypress Energy Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, August 15th.
Cypress Energy Partners (NYSE:CELP) opened at 8.81 on Wednesday. Cypress Energy Partners has a 1-year low of $5.28 and a 1-year high of $12.99. The stock has a 50 day moving average of $8.81 and a 200-day moving average of $9.11. The firm’s market capitalization is $104.42 million.
Cypress Energy Partners (NYSE:CELP) last announced its quarterly earnings data on Friday, August 12th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.53. Cypress Energy Partners had a negative net margin of 1.28% and a positive return on equity of 0.26%. The business earned $72.30 million during the quarter, compared to the consensus estimate of $75.77 million. On average, equities research analysts anticipate that Cypress Energy Partners will post $0.62 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Trellus Management Company LLC boosted its position in shares of Cypress Energy Partners by 22.0% in the second quarter. Trellus Management Company LLC now owns 61,648 shares of the company’s stock worth $600,000 after buying an additional 11,100 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Cypress Energy Partners by 150.0% in the second quarter. Clarkston Capital Partners LLC now owns 50,000 shares of the company’s stock worth $487,000 after buying an additional 30,000 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Cypress Energy Partners by 22.9% in the second quarter. Raymond James & Associates now owns 33,036 shares of the company’s stock worth $322,000 after buying an additional 6,150 shares in the last quarter. 3.40% of the stock is currently owned by institutional investors.
About Cypress Energy Partners
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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