Cypress Energy Partners LP (CELP) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research downgraded shares of Cypress Energy Partners LP (NYSE:CELP) from a hold rating to a strong sell rating in a report released on Friday morning.

According to Zacks, “Cypress Energy Partners, L.P. offers saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies primarily in North Dakota and west Texas. The Company operates in two segments: Water and Environmental Services and Pipeline Inspection and Integrity Services. It also provides independent pipeline inspection and integrity services to producers and pipeline companies. Cypress Energy Partners, L.P. is headquartered in Tulsa, Oklahoma. “

Several other equities research analysts also recently issued reports on CELP. Janney Montgomery Scott downgraded shares of Cypress Energy Partners from a buy rating to a neutral rating in a research note on Tuesday, December 20th. TheStreet upgraded shares of Cypress Energy Partners from a d+ rating to a c rating in a research note on Tuesday, January 17th. Finally, Stifel Nicolaus downgraded shares of 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. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Cypress Energy Partners has a consensus rating of Hold and an average price target of $9.50.

Cypress Energy Partners (NYSE:CELP) traded up 0.33% during midday trading on Friday, hitting $9.01. The stock had a trading volume of 44,990 shares. The company’s 50 day moving average is $12.36 and its 200 day moving average is $10.72. Cypress Energy Partners has a 1-year low of $7.34 and a 1-year high of $14.27. The company has a market cap of $106.84 million, a price-to-earnings ratio of 231.03 and a beta of 1.39.

Cypress Energy Partners (NYSE:CELP) last issued its earnings results on Wednesday, March 15th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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%. On average, equities analysts anticipate that Cypress Energy Partners will post $0.62 earnings per share for the current fiscal year.

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A hedge fund recently bought a new stake in Cypress Energy Partners stock. Wedbush Securities Inc. bought a new stake in shares of Cypress Energy Partners LP (NYSE:CELP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,842 shares of the company’s stock, valued at approximately $174,000. Wedbush Securities Inc. owned approximately 0.15% of Cypress Energy Partners at the end of the most recent quarter. 4.30% 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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