B. Riley started coverage on shares of Cypress Energy Partners (NYSE:CELP) in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $11.00 price objective on the oil and gas company’s stock.
CELP stock opened at $8.65 on Thursday. The company’s 50-day simple moving average is $7.41 and its 200-day simple moving average is $7.32. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 8.64. Cypress Energy Partners has a 52-week low of $5.36 and a 52-week high of $8.90. The firm has a market cap of $96.88 million, a P/E ratio of 12.02 and a beta of 1.45.
Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter. Cypress Energy Partners had a net margin of 3.80% and a return on equity of 148.75%. The business had revenue of $111.09 million for the quarter. On average, analysts anticipate that Cypress Energy Partners will post 0.8 earnings per share for the current fiscal year.
In other news, Director John T. Mcnabb II bought 5,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $7.25 per share, with a total value of $36,250.00. Following the purchase, the director now directly owns 70,262 shares in the company, valued at approximately $509,399.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
An institutional investor recently raised its position in Cypress Energy Partners stock. Morgan Stanley lifted its position in shares of Cypress Energy Partners LP (NYSE:CELP) by 242.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,884 shares of the oil and gas company’s stock after acquiring an additional 15,500 shares during the quarter. Morgan Stanley owned 0.18% of Cypress Energy Partners worth $160,000 as of its most recent SEC filing. Institutional investors own 1.48% of the company’s stock.
Cypress Energy Partners Company Profile
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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