Stifel Nicolaus reissued their hold rating on shares of Cypress Energy Partners, L.P. (NYSE:CELP) in a report issued on Friday morning. They currently have a $8.00 target price on the oil and gas company’s stock.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Cypress Energy Partners, L.P. from a strong sell rating to a hold rating in a research note on Thursday, May 18th. 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, Cypress Energy Partners, L.P. has an average rating of Hold and a consensus price target of $8.00.

Shares of Cypress Energy Partners, L.P. (CELP) opened at 7.36 on Friday. The stock’s 50 day moving average is $7.27 and its 200 day moving average is $9.23. Cypress Energy Partners, L.P. has a 52-week low of $6.63 and a 52-week high of $14.27. The stock’s market cap is $87.42 million.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 11.41%. The ex-dividend date is Thursday, August 3rd. Cypress Energy Partners, L.P.’s payout ratio is -420.00%.

A hedge fund recently raised its stake in Cypress Energy Partners, L.P. stock. Renaissance Technologies LLC boosted its stake in shares of Cypress Energy Partners, L.P. (NYSE:CELP) by 203.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,759 shares of the oil and gas company’s stock after buying an additional 34,059 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of Cypress Energy Partners, L.P. worth $536,000 as of its most recent SEC filing. Institutional investors and hedge funds own 0.69% of the company’s stock.

About Cypress Energy Partners, L.P.

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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