Cypress Energy Partners (CELP) Raised to Buy at Zacks Investment Research

Cypress Energy Partners (NYSE:CELP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $7.25 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 9.02% from the company’s current price.

According to Zacks, “Cypress Energy Partners, L.P. offers saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies primarily in North Dakota and west Texas. The Company operates in two segments: Water and Environmental Services and Pipeline Inspection and Integrity Services. It also provides independent pipeline inspection and integrity services to producers and pipeline companies. Cypress Energy Partners, L.P. is headquartered in Tulsa, Oklahoma. “

Several other brokerages also recently weighed in on CELP. Robert W. Baird reiterated a “hold” rating and issued a $8.00 price objective on shares of Cypress Energy Partners in a research report on Tuesday, September 26th. Stifel Nicolaus lowered their price objective on Cypress Energy Partners from $8.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, November 15th.

Shares of Cypress Energy Partners (NYSE CELP) traded up $0.07 during mid-day trading on Wednesday, reaching $6.65. The company’s stock had a trading volume of 30,571 shares, compared to its average volume of 40,729. The company has a quick ratio of 3.78, a current ratio of 3.78 and a debt-to-equity ratio of 14.67. Cypress Energy Partners has a 12-month low of $5.55 and a 12-month high of $14.27. The company has a market capitalization of $79.07, a P/E ratio of 33.25 and a beta of 1.28.

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Cypress Energy Partners 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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