Stifel Nicolaus Downgrades Cypress Energy Partners LP to Hold with Price Target $9.5

Brokerage firm Stifel Nicolaus Downgrades its rating on Cypress Energy Partners LP(CELP). As per the latest information, Stifel Nicolaus Lowers the price target to $9.5 per share from a prior target of $14. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Stifel Nicolaus was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Dec 20, 2016, Janney Capital said it Downgrades its rating on Cypress Energy Partners LP. The shares have been rated ‘Neutral’ by the firm.

Cypress Energy Partners LP (CELP) made into the market gainers list on Wednesdays trading session with the shares advancing 2.28% or 0.19 points. Due to strong positive momentum, the stock ended at $8.52, which is also near the day’s high of $8.53. The stock began the session at $8.35 and the volume stood at 79,083 shares. The 52-week high of the shares is $14.27 and the 52 week low is $7.34. The company has a current market capitalization of $101 M and it has 1,18,69,195 shares in outstanding.

Cypress Energy Partners LP(CELP) last announced its earnings results on Mar 15, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $70.406M. Analysts had an estimated revenue of $80.870M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2016, Don Labass (officer ) sold 2,000 shares at $9.67 per share price.Also, On Mar 14, 2016, Jeff English (officer ) purchased 52 shares at $12.53 per share price.On Dec 18, 2015, Peter C Boylan (director officer ) purchased 3,300 shares at $7.84 per share price, according to the Form-4 filing with the securities and exchange commission.

Cypress Energy Partners L.P. is a limited partnership company which serves energy companies throughout North America. The Company provides 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. The Company operates its business in two segments: Water and Environmental Services (W&ES) and Pipeline Inspection and Integrity Services (PI&IS). The Company through its W&ES segment provides SWD services to oil and natural gas producers and trucking companies and consists of the operations of Cypress Energy Partners LLC (CEP LLC). It is engaged in treating produced water and flowback water and injecting the water into its SWD facilities. Through PI&IS segment it provides inspection and integrity services to various energy public utility and pipeline companies in both the United States and Canada.

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