Cypress Energy Partners LP (CELP) Stock Rating Upgraded by Stifel Nicolaus
Cypress Energy Partners LP (NYSE:CELP) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $10.50 target price on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 6.60% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Cypress Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Raymond James Financial Inc. cut shares of Cypress Energy Partners from an “outperform” rating to a “market perform” rating in a report on Monday, August 15th.
Cypress Energy Partners (NYSE:CELP) opened at 9.92 on Wednesday. The stock has a 50 day moving average of $8.80 and a 200 day moving average of $9.12. Cypress Energy Partners has a 12-month low of $5.28 and a 12-month high of $12.99. The company’s market cap is $117.57 million.
Cypress Energy Partners (NYSE:CELP) last issued its earnings results on Friday, August 12th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.53. Cypress Energy Partners had a positive return on equity of 0.26% and a negative net margin of 1.28%. The company earned $72.30 million during the quarter, compared to analysts’ expectations of $75.77 million. Equities analysts expect that Cypress Energy Partners will post $0.86 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James & Associates boosted its position in shares of Cypress Energy Partners by 22.9% in the second quarter. Raymond James & Associates now owns 33,036 shares of the company’s stock valued at $322,000 after buying an additional 6,150 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Cypress Energy Partners by 150.0% in the second quarter. Clarkston Capital Partners LLC now owns 50,000 shares of the company’s stock valued at $487,000 after buying an additional 30,000 shares in the last quarter. Finally, Trellus Management Company LLC boosted its position in shares of Cypress Energy Partners by 22.0% in the second quarter. Trellus Management Company LLC now owns 61,648 shares of the company’s stock valued at $600,000 after buying an additional 11,100 shares in the last quarter. Institutional investors and hedge funds own 3.40% of the company’s stock.
Cypress Energy Partners 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.
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