B. Riley initiated coverage on shares of Cypress Energy Partners (NYSE:CELP) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $11.00 price target on the oil and gas company’s stock.
Shares of CELP stock opened at $8.65 on Thursday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 8.64. Cypress Energy Partners has a 52 week low of $5.36 and a 52 week high of $8.90. The stock has a market capitalization of $96.88 million, a PE ratio of 12.02 and a beta of 1.45. The firm has a 50 day moving average of $7.41 and a two-hundred day moving average of $7.32.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.29 EPS for the quarter. Cypress Energy Partners had a net margin of 3.80% and a return on equity of 148.75%. The company had revenue of $111.09 million during the quarter. Analysts expect that Cypress Energy Partners will post 0.8 EPS for the current fiscal year.
In other news, Director John T. Mcnabb II acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $7.25 per share, with a total value of $36,250.00. Following the transaction, the director now owns 70,262 shares in the company, valued at $509,399.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A hedge fund recently raised its stake in Cypress Energy Partners stock. Morgan Stanley lifted its position in shares of Cypress Energy Partners LP (NYSE:CELP) by 242.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,884 shares of the oil and gas company’s stock after purchasing an additional 15,500 shares during the period. Morgan Stanley owned about 0.18% of Cypress Energy Partners worth $160,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.48% of the company’s stock.
Cypress Energy Partners Company Profile
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.
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