Cypress Energy Partners, L.P. (NYSE:CELP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, July 18th.
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 subject of a number of other reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a $8.00 target price on shares of Cypress Energy Partners, L.P. in a report on Friday, June 23rd. TheStreet cut shares of Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a report on Friday, May 12th. Four research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $8.00.
Shares of Cypress Energy Partners, L.P. (NYSE CELP) opened at 7.40 on Tuesday. The company has a 50-day moving average price of $7.27 and a 200 day moving average price of $9.20. Cypress Energy Partners, L.P. has a 12-month low of $6.63 and a 12-month high of $14.27. The firm’s market capitalization is $87.90 million.
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A hedge fund recently raised its stake in Cypress Energy Partners, L.P. stock. Renaissance Technologies LLC increased its position in shares of Cypress Energy Partners, L.P. (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,759 shares of the oil and gas company’s stock after buying an additional 34,059 shares during the period. Renaissance Technologies LLC owned 0.43% of Cypress Energy Partners, L.P. worth $536,000 as of its most recent SEC filing. 0.69% of the stock is currently owned by institutional investors.
About Cypress Energy Partners, L.P.
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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