Cypress Energy Receives a Hold from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Ethan Bellamy reiterated a Hold rating on Cypress Energy (NYSE: CELP) yesterday and set a price target of $6. The company’s shares closed yesterday at $5.80, close to its 52-week low of $5.50.

According to TipRanks.com, Bellamy is ranked 0 out of 5 stars with an average return of -3.7% and a 41.5% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Noble Midstream Partners LP, and CNX Midstream Partners LP.

Cypress Energy has an analyst consensus of Hold, with a price target consensus of $6.

Based on Cypress Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $69.37 million and quarterly net profit of $3.06 million. In comparison, last year the company earned revenue of $64.72 million and had a GAAP net loss of $2.84 million.

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Cypress Energy Partners LP engages in the independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with SWD facilities to U.S. onshore oil and natural gas producers and trucking companies.