Cypress Energy Partners LP (NYSE:CELP) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 15,500 shares, a decrease of 42.8% from the September 30th total of 27,100 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 0.6 days.

An institutional investor recently bought a new position in Cypress Energy Partners stock. Abacus Planning Group Inc. acquired a new position in shares of Cypress Energy Partners LP (NYSE:CELP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 60,000 shares of the oil and gas company’s stock, valued at approximately $540,000. Abacus Planning Group Inc. owned 0.50% of Cypress Energy Partners at the end of the most recent quarter. 1.98% of the stock is currently owned by institutional investors and hedge funds.

Separately, B. Riley initiated coverage on Cypress Energy Partners in a research note on Thursday, September 12th. They issued a “buy” rating and a $11.00 price target on the stock.

Shares of CELP stock traded down $0.06 during trading hours on Thursday, reaching $9.41. The company had a trading volume of 24,500 shares, compared to its average volume of 16,511. The company has a 50 day moving average of $9.16 and a 200 day moving average of $7.86. The company has a debt-to-equity ratio of 8.64, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a market cap of $114.21 million, a price-to-earnings ratio of 13.07 and a beta of 1.51. Cypress Energy Partners has a 1-year low of $5.36 and a 1-year high of $10.14.

Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The company had revenue of $108.93 million for the quarter, compared to the consensus estimate of $103.40 million. Cypress Energy Partners had a return on equity of 148.75% and a net margin of 3.80%. As a group, sell-side analysts forecast that Cypress Energy Partners will post 0.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date is Wednesday, November 6th. Cypress Energy Partners’s dividend payout ratio (DPR) is currently 116.67%.

Cypress Energy Partners Company Profile

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.

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