Favorable Press Coverage Somewhat Unlikely to Affect Cypress Energy Partners, L.P. (CELP) Stock Price
Headlines about Cypress Energy Partners, L.P. (NYSE:CELP) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Energy Partners, L.P. earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.3265643234559 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Cypress Energy Partners, L.P. (NYSE:CELP) traded down 1.91% during midday trading on Friday, hitting $7.19. 11,936 shares of the company traded hands. The firm has a market capitalization of $85.43 million, a PE ratio of 19.97 and a beta of 1.39. Cypress Energy Partners, L.P. has a 12-month low of $6.12 and a 12-month high of $14.27. The stock’s 50-day moving average is $7.20 and its 200-day moving average is $8.44.
Cypress Energy Partners, L.P. (NYSE:CELP) last released its earnings results on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.10. The business had revenue of $74.57 million during the quarter, compared to the consensus estimate of $69.73 million. Cypress Energy Partners, L.P. had a net margin of 0.76% and a return on equity of 29.55%. Analysts anticipate that Cypress Energy Partners, L.P. will post $0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date was Thursday, August 3rd. Cypress Energy Partners, L.P.’s dividend payout ratio (DPR) is currently 323.08%.
Several equities research analysts recently issued reports on CELP shares. Stifel Nicolaus reduced their price objective on shares of Cypress Energy Partners, L.P. from $9.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, May 16th. TheStreet lowered shares of Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a research note on Friday, May 12th. Finally, Zacks Investment Research raised shares of Cypress Energy Partners, L.P. from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 18th.
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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