$81.90 Million in Sales Expected for Cypress Energy Partners LP (CELP) This Quarter
Analysts expect Cypress Energy Partners LP (NYSE:CELP) to report sales of $81.90 million for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Cypress Energy Partners’ earnings. The highest sales estimate is $85.60 million and the lowest is $79.40 million. Cypress Energy Partners posted sales of $77.68 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.4%. The business is expected to issue its next quarterly earnings report on Monday, November 12th.
According to Zacks, analysts expect that Cypress Energy Partners will report full-year sales of $299.53 million for the current fiscal year, with estimates ranging from $292.80 million to $307.90 million. For the next year, analysts anticipate that the firm will post sales of $310.50 million per share, with estimates ranging from $298.00 million to $323.00 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.
Cypress Energy Partners (NYSE:CELP) last announced its quarterly earnings data on Monday, August 13th. The oil and gas company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.14. The business had revenue of $76.47 million during the quarter, compared to analyst estimates of $77.17 million. Cypress Energy Partners had a return on equity of 92.86% and a net margin of 3.03%.
Shares of NYSE CELP traded down $0.24 during mid-day trading on Friday, hitting $7.23. 17,496 shares of the company traded hands, compared to its average volume of 19,297. Cypress Energy Partners has a 1 year low of $5.50 and a 1 year high of $8.50. The company has a market cap of $89.09 million, a price-to-earnings ratio of 14.46 and a beta of 1.59. The company has a quick ratio of 3.14, a current ratio of 3.14 and a debt-to-equity ratio of 7.82.
A hedge fund recently bought a new stake in Cypress Energy Partners stock. Northern Trust Corp acquired a new stake in shares of Cypress Energy Partners LP (NYSE:CELP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 1.26% of the company’s stock.
About Cypress Energy Partners
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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