Equities analysts predict that Cypress Energy Partners LP (NYSE:CELP) will post sales of $74.45 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cypress Energy Partners’ earnings, with the highest sales estimate coming in at $75.20 million and the lowest estimate coming in at $73.70 million. Cypress Energy Partners reported sales of $69.37 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The company is expected to report its next earnings results on Thursday, March 28th.

According to Zacks, analysts expect that Cypress Energy Partners will report full-year sales of $300.00 million for the current year, with estimates ranging from $299.80 million to $300.20 million. For the next fiscal year, analysts forecast that the company will post sales of $309.05 million, with estimates ranging from $304.10 million to $314.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Cypress Energy Partners.

Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings results on Monday, November 12th. The oil and gas company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.05. Cypress Energy Partners had a return on equity of 122.32% and a net margin of 4.01%. The business had revenue of $84.78 million for the quarter, compared to analyst estimates of $81.23 million.

A number of brokerages have recently weighed in on CELP. ValuEngine upgraded Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Robert W. Baird set a $8.00 price target on Cypress Energy Partners and gave the stock a “hold” rating in a research note on Thursday, September 20th. Finally, TheStreet upgraded Cypress Energy Partners from a “d+” rating to a “c” rating in a research note on Monday, August 27th.

Shares of CELP stock opened at $6.31 on Friday. Cypress Energy Partners has a fifty-two week low of $5.50 and a fifty-two week high of $8.50. The stock has a market cap of $76.25 million, a PE ratio of 12.62 and a beta of 1.41. The company has a debt-to-equity ratio of 7.33, a quick ratio of 3.14 and a current ratio of 3.08.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 13.31%. Cypress Energy Partners’s payout ratio is 168.00%.

A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp bought a new stake in Cypress Energy Partners LP (NYSE:CELP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,716 shares of the oil and gas company’s stock, valued at approximately $143,000. Northern Trust Corp owned about 0.17% of Cypress Energy Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 1.15% of the company’s stock.

About Cypress Energy Partners

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America. It operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The PIS segment offers independent inspection services for various facilities and equipment, such as transmission pipelines, oil and natural gas gathering systems, pump and compressor stations, storage facilities and terminals, and gas distribution systems.

See Also: Short Selling Stocks and Day Traders

Get a free copy of the Zacks research report on Cypress Energy Partners (CELP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cypress Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Energy Partners and related companies with MarketBeat.com's FREE daily email newsletter.