Cypress Energy Partners LP (NYSE:CELP) Director John T. Mcnabb II purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average price of $7.44 per share, with a total value of $37,200.00. Following the purchase, the director now owns 60,262 shares of the company’s stock, valued at approximately $448,349.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
CELP stock traded down $0.05 during trading on Friday, hitting $7.30. 39,300 shares of the company’s stock traded hands, compared to its average volume of 16,452. The company has a debt-to-equity ratio of 10.97, a current ratio of 2.63 and a quick ratio of 2.98. Cypress Energy Partners LP has a 52 week low of $5.36 and a 52 week high of $8.50. The firm has a market cap of $88.57 million, a price-to-earnings ratio of 10.14 and a beta of 1.77.
Cypress Energy Partners (NYSE:CELP) last released its earnings results on Monday, May 13th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.05). Cypress Energy Partners had a net margin of 3.61% and a return on equity of 129.42%. The business had revenue of $90.38 million for the quarter. As a group, analysts expect that Cypress Energy Partners LP will post 0.89 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.21 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.84 annualized dividend and a yield of 11.51%. Cypress Energy Partners’s payout ratio is 116.67%.
A number of hedge funds have recently added to or reduced their stakes in CELP. Morgan Stanley increased its stake in Cypress Energy Partners by 37.3% during the first quarter. Morgan Stanley now owns 6,384 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 1,736 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Cypress Energy Partners by 937.5% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,300 shares of the oil and gas company’s stock valued at $61,000 after purchasing an additional 7,500 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Cypress Energy Partners during the first quarter valued at $79,000. Hedge funds and other institutional investors own 1.10% of the company’s stock.
A number of analysts recently issued reports on CELP shares. ValuEngine upgraded shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research note on Friday, January 18th.
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About Cypress Energy Partners
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.
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