Cypress Energy Partners, L.P. (CELP) Expected to Announce Earnings of $0.01 Per Share
Wall Street analysts expect Cypress Energy Partners, L.P. (NYSE:CELP) to post $0.01 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Cypress Energy Partners, L.P.’s earnings, with the lowest EPS estimate coming in at ($0.05) and the highest estimate coming in at $0.05. Cypress Energy Partners, L.P. reported earnings of ($0.34) per share during the same quarter last year, which would indicate a positive year over year growth rate of 102.9%. The business is expected to issue its next earnings report on Thursday, August 10th.
According to Zacks, analysts expect that Cypress Energy Partners, L.P. will report full year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.43. For the next fiscal year, analysts expect that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.15 to $0.55. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Cypress Energy Partners, L.P..
A number of equities analysts have recently weighed in on CELP shares. Stifel Nicolaus dropped their price target on shares of Cypress Energy Partners, L.P. from $9.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, May 16th. TheStreet downgraded 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 report on Thursday, May 18th. Four analysts have rated the stock with a hold rating, Cypress Energy Partners, L.P. presently has a consensus rating of “Hold” and a consensus target price of $8.00.
An institutional investor recently raised its position in Cypress Energy Partners, L.P. stock. Wedbush Securities Inc. boosted its position in shares of Cypress Energy Partners, L.P. (NYSE:CELP) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 0.41% of Cypress Energy Partners, L.P. worth $447,000 at the end of the most recent reporting period. 0.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Cypress Energy Partners, L.P. (NYSE CELP) opened at 6.85 on Thursday. The stock’s market cap is $81.36 million. Cypress Energy Partners, L.P. has a 52-week low of $6.63 and a 52-week high of $14.27. The firm’s 50-day moving average price is $7.26 and its 200-day moving average price is $9.16.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 12.26%. The ex-dividend date of this dividend is Thursday, August 3rd. Cypress Energy Partners, L.P.’s dividend payout ratio (DPR) is -420.00%.
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Cypress Energy Partners, L.P. Company Profile
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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