Equities research analysts expect that Cypress Energy Partners LP (NYSE:CELP) will report $73.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Cypress Energy Partners’ earnings, with the highest sales estimate coming in at $74.00 million and the lowest estimate coming in at $72.00 million. Cypress Energy Partners posted sales of $70.41 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.1%. The business is expected to issue its next quarterly earnings results on Wednesday, March 21st.
On average, analysts expect that Cypress Energy Partners will report full-year sales of $73.27 million for the current fiscal year, with estimates ranging from $288.00 million to $291.20 million. For the next year, analysts anticipate that the firm will post sales of $305.13 million per share, with estimates ranging from $296.90 million to $315.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Cypress Energy Partners.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Cypress Energy Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Stifel Nicolaus decreased their price objective on shares of Cypress Energy Partners from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th. Finally, Robert W. Baird set a $8.00 price objective on shares of Cypress Energy Partners and gave the company a “hold” rating in a research report on Friday, November 17th.
Cypress Energy Partners (CELP) opened at $6.70 on Monday. The company has a debt-to-equity ratio of 14.67, a current ratio of 3.78 and a quick ratio of 3.78. The firm has a market cap of $79.66, a PE ratio of 55.83 and a beta of 1.50. Cypress Energy Partners has a 12-month low of $5.55 and a 12-month high of $14.23.
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Wednesday, February 7th were given a dividend of $0.21 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.84 annualized dividend and a dividend yield of 12.54%. Cypress Energy Partners’s payout ratio is 700.00%.
About Cypress Energy Partners
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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