Cypress Energy Partners, L.P. (CELP) Hits New 52-Week Low at $6.54
Cypress Energy Partners, L.P. (NYSE:CELP) hit a new 52-week low on Thursday . The stock traded as low as $6.54 and last traded at $6.54, with a volume of 16,941 shares. The stock had previously closed at $6.85.
Several brokerages have recently weighed in on CELP. Stifel Nicolaus reiterated a “hold” rating and set a $8.00 target price on shares of Cypress Energy Partners, L.P. in a research note on Friday, July 28th. Zacks Investment Research downgraded shares of Cypress Energy Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, TheStreet downgraded shares of Cypress Energy Partners, L.P. from a “c-” rating to a “d+” rating in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $8.00.
The firm’s market capitalization is $74.00 million. The firm has a 50 day moving average of $7.26 and a 200 day moving average of $9.04.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, August 7th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 13.48%. The ex-dividend date of this dividend is Thursday, August 3rd. Cypress Energy Partners, L.P.’s dividend payout ratio is currently -420.00%.
An institutional investor recently raised its position in Cypress Energy Partners, L.P. stock. Wedbush Securities Inc. increased its position in Cypress Energy Partners, L.P. (NYSE:CELP) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,140 shares of the oil and gas company’s stock after buying an additional 3,198 shares during the period. Wedbush Securities Inc. owned approximately 0.41% of Cypress Energy Partners, L.P. worth $447,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.69% of the company’s stock.
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Cypress Energy Partners, L.P. Company Profile
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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