Cypress Energy (CELP) Receives a Buy from B.Riley FBR

By Austin Angelo

B.Riley FBR analyst Tom Curran reiterated a Buy rating on Cypress Energy (CELPResearch Report) today and set a price target of $11.00. The company’s shares closed last Monday at $8.41.

According to TipRanks.com, Curran has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.2% and a 33.1% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure, Independence Contract Drilling, and Select Energy Services.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cypress Energy with a $11.00 average price target.

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Cypress Energy’s market cap is currently $101.5M and has a P/E ratio of 13.48. The company has a Price to Book ratio of 3.00.

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Cypress Energy Partners LP engages in the provision of essential midstream services, including pipeline inspection, integrity and hydrostatic testing services to energy companies and vendors. It operates through the following three segments: Pipeline Inspection, Pipeline & Process and Water & Environmental Services.