Cypress Energy Partners (CELP) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS
Cypress Energy Partners (NYSE:CELP) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.13, Fidelity Earnings reports. Cypress Energy Partners had a net margin of 0.15% and a return on equity of 22.34%.
Cypress Energy Partners (NYSE:CELP) opened at $6.10 on Friday. The company has a market cap of $70.86, a P/E ratio of 50.00 and a beta of 1.55. The company has a debt-to-equity ratio of 14.67, a current ratio of 3.78 and a quick ratio of 3.78. Cypress Energy Partners has a 52 week low of $5.55 and a 52 week high of $9.27.
Separately, Zacks Investment Research raised shares of Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, January 2nd.
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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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