Cypress Energy Partners LP (NYSE:CELP) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totalling 11,100 shares, an increase of 11,000.0% from the February 27th total of 100 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.
Shares of CELP opened at $4.62 on Friday. The business’s 50-day moving average price is $6.74 and its 200 day moving average price is $8.42. The stock has a market capitalization of $44.94 million, a P/E ratio of 5.57 and a beta of 1.57. Cypress Energy Partners has a 1-year low of $3.09 and a 1-year high of $10.14. The company has a current ratio of 3.25, a quick ratio of 3.25 and a debt-to-equity ratio of 5.59.
Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings results on Thursday, March 5th. The oil and gas company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $91.25 million for the quarter, compared to analysts’ expectations of $100.60 million. Cypress Energy Partners had a return on equity of 145.26% and a net margin of 3.99%. On average, research analysts predict that Cypress Energy Partners will post 0.59 earnings per share for the current year.
A number of equities analysts recently weighed in on the company. B. Riley dropped their price target on Cypress Energy Partners from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Zacks Investment Research raised Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, ValuEngine raised Cypress Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 28th.
An institutional investor recently raised its position in Cypress Energy Partners stock. Abacus Planning Group Inc. raised its holdings in shares of Cypress Energy Partners LP (NYSE:CELP) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,000 shares of the oil and gas company’s stock after acquiring an additional 3,000 shares during the quarter. Abacus Planning Group Inc. owned approximately 0.52% of Cypress Energy Partners worth $580,000 at the end of the most recent quarter. 1.59% of the stock is currently owned by hedge funds and other institutional investors.
About Cypress Energy Partners
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.
Recommended Story: What is Green Investing?
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.