Cypress Energy Partners LP (NYSE:CELP) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,100 shares, a drop of 60.7% from the December 31st total of 2,800 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 21,700 shares, the short-interest ratio is currently 0.1 days.

Shares of CELP traded down $0.33 during trading hours on Tuesday, hitting $8.65. 11,149 shares of the stock were exchanged, compared to its average volume of 18,641. Cypress Energy Partners has a fifty-two week low of $6.45 and a fifty-two week high of $10.14. The company has a debt-to-equity ratio of 6.84, a current ratio of 2.68 and a quick ratio of 2.68. The business has a 50-day moving average of $9.18 and a 200-day moving average of $8.52. The firm has a market capitalization of $104.72 million, a P/E ratio of 11.85 and a beta of 1.53.

Cypress Energy Partners (NYSE:CELP) last posted its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported $0.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Cypress Energy Partners had a net margin of 3.61% and a return on equity of 143.59%. The company had revenue of $108.93 million during the quarter, compared to analysts’ expectations of $103.40 million. As a group, analysts forecast that Cypress Energy Partners will post 0.82 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Cypress Energy Partners stock. Morgan Stanley boosted its stake in Cypress Energy Partners LP (NYSE:CELP) by 242.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,884 shares of the oil and gas company’s stock after purchasing an additional 15,500 shares during the quarter. Morgan Stanley owned about 0.18% of Cypress Energy Partners worth $160,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.55% of the company’s stock.

CELP has been the subject of several analyst reports. Zacks Investment Research raised shares of Cypress Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. ValuEngine raised shares of Cypress Energy Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, B. Riley reaffirmed a “buy” rating and set a $11.00 price target on shares of Cypress Energy Partners in a research note on Friday, November 22nd.

About Cypress Energy Partners

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.

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