Cypress Energy Partners LP (NYSE:CELP) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a report released on Friday, May 12th.
CELP has been the topic of a number of other reports. Zacks Investment Research downgraded Cypress Energy Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, March 17th. Stifel Nicolaus downgraded Cypress Energy Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $14.00 to $9.50 in a research report on Friday, March 17th. Four equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $9.50.
Cypress Energy Partners (CELP) opened at 7.26 on Friday. Cypress Energy Partners has a 52 week low of $7.01 and a 52 week high of $14.27. The stock’s 50 day moving average price is $7.89 and its 200 day moving average price is $10.19. The firm’s market capitalization is $86.23 million. Cypress Energy Partners (NYSE:CELP) last released its earnings results on Wednesday, March 15th. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Cypress Energy Partners had a return on equity of 5.41% and a net margin of 0.29%. The business had revenue of $70.41 million for the quarter, compared to the consensus estimate of $80.87 million. On average, equities analysts expect that Cypress Energy Partners will post $0.41 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Monday, May 8th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 11.57%. The ex-dividend date of this dividend was Thursday, May 4th. Cypress Energy Partners’s dividend payout ratio is 5,433.33%. An institutional investor recently raised its position in Cypress Energy Partners stock. Wedbush Securities Inc. boosted its position in shares of Cypress Energy Partners LP (NYSE:CELP) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned about 0.41% of Cypress Energy Partners worth $447,000 at the end of the most recent reporting period. 4.30% of the stock is currently owned by hedge funds and other institutional investors.
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