ValuEngine upgraded shares of Cypress Energy Partners (NYSE:CELP) from a sell rating to a hold rating in a report published on Monday, February 4th.
Separately, Zacks Investment Research upgraded Cypress Energy Partners from a hold rating to a buy rating and set a $7.75 price objective for the company in a research report on Thursday, January 10th.
CELP stock traded down $0.33 during trading on Monday, hitting $7.22. 10,887 shares of the company traded hands, compared to its average volume of 16,821. The stock has a market cap of $86.32 million, a P/E ratio of 14.45 and a beta of 1.81. Cypress Energy Partners has a 1 year low of $5.36 and a 1 year high of $8.50. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 7.33.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, February 7th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 11.63%. The ex-dividend date was Wednesday, February 6th. Cypress Energy Partners’s dividend payout ratio (DPR) is presently 168.00%.
In other news, insider John T. Mcnabb II purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average cost of $6.78 per share, for a total transaction of $33,900.00. Following the completion of the transaction, the insider now owns 44,114 shares of the company’s stock, valued at $299,092.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
An institutional investor recently bought a new position in Cypress Energy Partners stock. Northern Trust Corp purchased a new stake in Cypress Energy Partners LP (NYSE:CELP) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,716 shares of the oil and gas company’s stock, valued at approximately $143,000. Northern Trust Corp owned about 0.17% of Cypress Energy Partners as of its most recent SEC filing. 1.32% of the stock is owned by institutional investors and hedge funds.
Cypress Energy Partners Company Profile
Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America. It operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The PIS segment offers independent inspection services for various facilities and equipment, such as transmission pipelines, oil and natural gas gathering systems, pump and compressor stations, storage facilities and terminals, and gas distribution systems.
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