Cypress Energy Partners, L.P. (CELP) Expected to Post Quarterly Sales of $80.80 Million
Analysts expect Cypress Energy Partners, L.P. (NYSE:CELP) to announce $80.80 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cypress Energy Partners, L.P.’s earnings, with the highest sales estimate coming in at $84.60 million and the lowest estimate coming in at $77.90 million. Cypress Energy Partners, L.P. posted sales of $81.81 million during the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The business is expected to issue its next quarterly earnings report on Wednesday, November 8th.
On average, analysts expect that Cypress Energy Partners, L.P. will report full-year sales of $80.80 million for the current financial year, with estimates ranging from $289.80 million to $307.40 million. For the next year, analysts anticipate that the business will report sales of $316.45 million per share, with estimates ranging from $296.70 million to $336.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Cypress Energy Partners, L.P..
Cypress Energy Partners, L.P. (NYSE:CELP) last issued its quarterly earnings results on Monday, August 14th. The oil and gas company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. Cypress Energy Partners, L.P. had a return on equity of 29.55% and a net margin of 0.76%. The company had revenue of $74.57 million for the quarter, compared to analysts’ expectations of $69.73 million.
A number of analysts recently issued reports on CELP shares. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 price objective on shares of Cypress Energy Partners, L.P. in a research note on Friday, July 28th. Zacks Investment Research lowered Cypress Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th.
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Cypress Energy Partners, L.P. (NYSE:CELP) opened at 7.411 on Friday. The company has a 50 day moving average price of $7.22 and a 200-day moving average price of $8.05. Cypress Energy Partners, L.P. has a 12 month low of $6.12 and a 12 month high of $14.27. The company has a market cap of $88.06 million, a PE ratio of 20.586 and a beta of 1.38.
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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