$0.02 EPS Expected for Cypress Energy Partners LP (CELP) This Quarter

Equities research analysts forecast that Cypress Energy Partners LP (NYSE:CELP) will report earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cypress Energy Partners’ earnings. The lowest EPS estimate is ($0.05) and the highest is $0.05. Cypress Energy Partners posted earnings per share of ($0.34) during the same quarter last year, which suggests a positive year over year growth rate of 105.9%. The company is scheduled to announce its next earnings report on Thursday, August 10th.

On average, analysts expect that Cypress Energy Partners will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.43. For the next financial year, analysts forecast that the company will report earnings of $0.40 per share, with EPS estimates ranging from $0.15 to $0.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Cypress Energy Partners.

Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings data on Wednesday, March 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The company had revenue of $70.41 million during the quarter, compared to analyst estimates of $80.87 million. Cypress Energy Partners had a net margin of 0.29% and a return on equity of 5.41%.

CELP has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, March 7th. Stifel Nicolaus downgraded shares of Cypress Energy Partners from a “buy” rating to a “hold” rating and cut their price target for the stock from $14.00 to $9.50 in a report on Friday, March 17th. Finally, TheStreet downgraded shares of Cypress Energy Partners from a “c-” rating to a “d+” rating in a report on Friday, May 12th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $9.50.

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Cypress Energy Partners (NYSE CELP) traded up 0.97% during mid-day trading on Wednesday, hitting $7.26. 28,638 shares of the stock traded hands. The firm’s market cap is $86.23 million. Cypress Energy Partners has a 52 week low of $7.01 and a 52 week high of $14.27. The firm’s 50-day moving average price is $7.89 and its 200-day moving average price is $10.19.

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.57%. The ex-dividend date of this dividend was Thursday, May 4th. Cypress Energy Partners’s dividend payout ratio is 5,433.33%.

An institutional investor recently raised its position in Cypress Energy Partners stock. Wedbush Securities Inc. increased its position in Cypress Energy Partners LP (NYSE:CELP) by 7.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned approximately 0.41% of Cypress Energy Partners worth $447,000 at the end of the most recent quarter. 4.30% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CELP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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