Cypress Energy Partners LP (NYSE:CELP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

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. “

A number of other equities research analysts have also recently issued reports on the company. Raymond James Financial Inc. cut Cypress Energy Partners from an “outperform” rating to a “market perform” rating in a report on Monday, August 15th. Stifel Nicolaus upgraded Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $10.50 price target for the company in a research note on Wednesday, September 28th.

Shares of Cypress Energy Partners (NYSE:CELP) traded down 4.146% on Monday, reaching $9.595. The company’s stock had a trading volume of 35,553 shares. Cypress Energy Partners has a 52-week low of $5.28 and a 52-week high of $12.44. The firm has a 50 day moving average of $9.22 and a 200 day moving average of $9.22. The company’s market cap is $113.72 million.

Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings data on Friday, August 12th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $72.30 million for the quarter, compared to the consensus estimate of $75.77 million. Analysts predict that Cypress Energy Partners will post $0.86 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Raymond James & Associates boosted its stake 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 during the period. Clarkston Capital Partners LLC increased 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 increased 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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