$80.80 Million in Sales Expected for Cypress Energy Partners LP (CELP) This Quarter
Equities analysts expect Cypress Energy Partners LP (NYSE:CELP) to post $80.80 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Cypress Energy Partners’ earnings, with the lowest sales estimate coming in at $77.90 million and the highest estimate coming in at $84.60 million. Cypress Energy Partners reported sales of $81.81 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.2%. The company is scheduled to report its next quarterly earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Cypress Energy Partners will report full-year sales of $80.80 million for the current year, with estimates ranging from $289.80 million to $307.40 million. For the next financial year, analysts forecast that the company will report sales of $316.45 million per share, with estimates ranging from $296.70 million to $336.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Cypress Energy Partners.
Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings data on Monday, August 14th. The oil and gas company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. The company had revenue of $74.57 million during the quarter, compared to analyst estimates of $69.73 million. Cypress Energy Partners had a net margin of 0.67% and a return on equity of 17.97%.
A number of analysts have recently weighed in on CELP shares. Zacks Investment Research raised shares of Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $8.00 price target for the company in a report on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $8.00 price target on shares of Cypress Energy Partners in a report on Friday, June 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $8.00 price target on shares of Cypress Energy Partners in a report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating, Cypress Energy Partners presently has an average rating of “Hold” and a consensus price target of $8.00.
Cypress Energy Partners (CELP) traded up 2.08% during mid-day trading on Friday, hitting $7.84. 13,639 shares of the stock traded hands. The firm’s 50-day moving average price is $7.48 and its 200-day moving average price is $7.64. Cypress Energy Partners has a 52 week low of $6.12 and a 52 week high of $14.27. The firm has a market cap of $93.15 million, a P/E ratio of 21.78 and a beta of 1.39.
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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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