Cypress Energy Partners LP (NYSE:CELP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday. The brokerage currently has a $11.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 11.34% from the stock’s current price.

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 topic of several other research reports. Stifel Nicolaus raised shares of Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $10.50 target price on the stock in a research report on Wednesday, September 28th. 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.

Shares of Cypress Energy Partners (NYSE:CELP) opened at 9.84 on Friday. Cypress Energy Partners has a 1-year low of $5.28 and a 1-year high of $12.36. The firm’s 50-day moving average price is $9.83 and its 200 day moving average price is $9.42. The company’s market capitalization is $116.62 million.

Cypress Energy Partners (NYSE:CELP) last posted its earnings results on Wednesday, November 9th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.17. Cypress Energy Partners had a net margin of 0.29% and a return on equity of 5.41%. The firm had revenue of $81.80 million for the quarter, compared to analysts’ expectations of $79.42 million. Equities analysts predict that Cypress Energy Partners will post $0.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Monday, November 7th were issued a $0.4064 dividend. The ex-dividend date was Thursday, November 3rd. This represents a $1.63 dividend on an annualized basis and a dividend yield of 16.45%. Cypress Energy Partners’s dividend payout ratio (DPR) is presently 5,433.33%.

Large investors have recently bought and sold shares of the company. Wedbush Securities Inc. bought a new stake in Cypress Energy Partners during the third quarter worth approximately $174,000. Raymond James & Associates boosted its stake in Cypress Energy Partners by 22.9% in the second quarter. Raymond James & Associates now owns 33,036 shares of the company’s stock worth $322,000 after buying an additional 6,150 shares during the period. Clarkston Capital Partners LLC boosted its stake in Cypress Energy Partners by 150.0% in the second quarter. Clarkston Capital Partners LLC now owns 50,000 shares of the company’s stock worth $487,000 after buying an additional 30,000 shares during the period. Finally, Trellus Management Company LLC boosted its stake in Cypress Energy Partners by 22.0% in the second quarter. Trellus Management Company LLC now owns 61,648 shares of the company’s stock worth $600,000 after buying an additional 11,100 shares during the period. 3.72% of the stock is currently owned by institutional investors.

About Cypress Energy Partners

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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