Cypress Energy Partners (NYSE:CELP) Shares Cross Below 50-Day Moving Average of $9.09

Shares of Cypress Energy Partners LP (NYSE:CELP) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.09 and traded as low as $8.38. Cypress Energy Partners shares last traded at $8.46, with a volume of 2,741 shares traded.

Separately, B. Riley reiterated a “buy” rating and issued a $11.00 price objective on shares of Cypress Energy Partners in a research report on Friday, November 22nd.

The stock has a 50-day moving average of $9.09 and a 200 day moving average of $8.00. The company has a debt-to-equity ratio of 6.84, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $102.11 million, a price-to-earnings ratio of 12.14 and a beta of 1.55.

Cypress Energy Partners (NYSE:CELP) last announced its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $108.93 million during the quarter, compared to analyst estimates of $103.40 million. Cypress Energy Partners had a return on equity of 143.59% and a net margin of 3.61%. Sell-side analysts anticipate that Cypress Energy Partners LP will post 0.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.84 annualized dividend and a dividend yield of 9.61%. Cypress Energy Partners’s payout ratio is currently 116.67%.

An institutional investor recently raised its position in Cypress Energy Partners stock. Morgan Stanley raised its stake in shares of Cypress Energy Partners LP (NYSE:CELP) by 242.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,884 shares of the oil and gas company’s stock after buying an additional 15,500 shares during the quarter. Morgan Stanley owned about 0.18% of Cypress Energy Partners worth $160,000 at the end of the most recent reporting period. Institutional investors own 1.73% of the company’s stock.

Cypress Energy Partners Company Profile (NYSE:CELP)

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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