Wall Street analysts expect that Cypress Energy Partners, L.P. (NYSE:CELP) will announce sales of $69.73 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Cypress Energy Partners, L.P.’s earnings. The lowest sales estimate is $67.90 million and the highest is $73.40 million. Cypress Energy Partners, L.P. reported sales of $72.31 million during the same quarter last year, which indicates a negative year over year growth rate of 3.6%. The company is expected to announce its next earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Cypress Energy Partners, L.P. will report full year sales of $69.73 million for the current financial year, with estimates ranging from $274.10 million to $297.00 million. For the next financial year, analysts expect that the business will post sales of $311.30 million per share, with estimates ranging from $303.50 million to $323.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cypress Energy Partners, L.P..
Several analysts recently commented on the company. Stifel Nicolaus dropped their price target on Cypress Energy Partners, L.P. from $9.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, May 16th. TheStreet cut Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a research report on Friday, May 12th. Finally, Zacks Investment Research upgraded Cypress Energy Partners, L.P. from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 18th. 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.
An institutional investor recently raised its position in Cypress Energy Partners, L.P. stock. Wedbush Securities Inc. boosted its stake in Cypress Energy Partners, L.P. (NYSE:CELP) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned about 0.41% of Cypress Energy Partners, L.P. worth $447,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.69% of the company’s stock.
Cypress Energy Partners, L.P. (NYSE CELP) traded up 7.0867% during midday trading on Friday, reaching $6.6715. 43,198 shares of the company traded hands. The stock’s market capitalization is $79.24 million. The firm has a 50-day moving average of $7.22 and a 200-day moving average of $8.99. Cypress Energy Partners, L.P. has a 1-year low of $6.12 and a 1-year high of $14.27.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 12.59%. The ex-dividend date of this dividend is Thursday, August 3rd. Cypress Energy Partners, L.P.’s payout ratio is -420.00%.
Cypress Energy Partners, L.P. Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cypress Energy Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.