Equities research analysts predict that Cypress Energy Partners LP (NYSE:CELP) will report earnings per share of $0.10 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cypress Energy Partners’ earnings, with estimates ranging from $0.05 to $0.14. Cypress Energy Partners posted earnings per share of $0.12 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings report on Monday, August 13th.
On average, analysts expect that Cypress Energy Partners will report full year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.66. For the next year, analysts forecast that the business will post earnings of $0.94 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Cypress Energy Partners.
Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings results on Thursday, May 10th. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.07). Cypress Energy Partners had a return on equity of 71.49% and a net margin of 2.37%. The business had revenue of $64.83 million during the quarter, compared to analysts’ expectations of $69.90 million.
Several analysts recently commented on the company. ValuEngine lowered Cypress Energy Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 3rd. Robert W. Baird lifted their price objective on Cypress Energy Partners from $6.00 to $7.00 and gave the stock a “hold” rating in a report on Wednesday, June 6th. Finally, Zacks Investment Research raised Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Tuesday, May 22nd.
An institutional investor recently bought a new position in Cypress Energy Partners stock. Deutsche Bank AG acquired a new position in Cypress Energy Partners LP (NYSE:CELP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 31,799 shares of the oil and gas company’s stock, valued at approximately $190,000. Deutsche Bank AG owned 0.27% of Cypress Energy Partners at the end of the most recent reporting period. Institutional investors and hedge funds own 1.04% of the company’s stock.
Shares of CELP traded down $0.08 during trading hours on Wednesday, hitting $7.39. The stock had a trading volume of 5,989 shares, compared to its average volume of 20,740. Cypress Energy Partners has a 12 month low of $5.50 and a 12 month high of $8.50. The firm has a market capitalization of $87.99 million, a P/E ratio of 14.78 and a beta of 1.59.
Cypress Energy Partners Company Profile
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.
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.