Cypress Energy Partners LP (NYSE:CELP) Plans $0.21 Quarterly Dividend

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Cypress Energy Partners LP (NYSE:CELP) declared a quarterly dividend on Friday, October 25th, Zacks reports. Shareholders of record on Thursday, November 7th will be given a dividend of 0.21 per share by the oil and gas company on Thursday, November 14th. This represents a $0.84 annualized dividend and a yield of 8.74%. The ex-dividend date is Wednesday, November 6th.

Cypress Energy Partners stock opened at $9.61 on Monday. The business has a 50 day moving average price of $8.92 and a two-hundred day moving average price of $7.72. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 8.64. The stock has a market cap of $114.49 million, a price-to-earnings ratio of 13.35 and a beta of 1.51. Cypress Energy Partners has a 12 month low of $5.36 and a 12 month high of $10.14.

Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.29 EPS for the quarter. The firm had revenue of $111.09 million during the quarter. Cypress Energy Partners had a return on equity of 148.75% and a net margin of 3.80%. On average, analysts expect that Cypress Energy Partners will post 0.8 earnings per share for the current fiscal year.

Separately, B. Riley initiated coverage on Cypress Energy Partners in a report on Thursday, September 12th. They issued a “buy” rating and a $11.00 price target for the company.

In related news, Director John T. Mcnabb II bought 5,000 shares of the company’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 acquisition, the director now owns 70,262 shares in the company, valued at approximately $509,399.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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.

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Dividend History for Cypress Energy Partners (NYSE:CELP)

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