Zacks Investment Research upgraded shares of Cypress Energy Partners (NYSE:CELP) from a hold rating to a buy rating in a research report report published on Friday. Zacks Investment Research currently has $8.00 price target on the oil and gas company’s stock.
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. “
CELP has been the topic of a number of other reports. Stifel Nicolaus decreased their target price on Cypress Energy Partners from $8.00 to $7.00 and set a hold rating on the stock in a report on Wednesday, November 15th. Robert W. Baird set a $8.00 target price on Cypress Energy Partners and gave the stock a hold rating in a report on Friday, November 17th.
Cypress Energy Partners (NYSE CELP) opened at $7.30 on Friday. Cypress Energy Partners has a twelve month low of $5.55 and a twelve month high of $14.27. The company has a market capitalization of $86.80, a price-to-earnings ratio of 60.83 and a beta of 1.28. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 14.67.
Cypress Energy Partners (NYSE:CELP) last announced its earnings results on Monday, November 13th. The oil and gas company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Cypress Energy Partners had a return on equity of 22.34% and a net margin of 0.15%. analysts anticipate that Cypress Energy Partners will post 0.45 earnings per share for the current year.
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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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