Cypress Energy Receives a Hold from Stifel Nicolaus

By Jason Carr

Stifel Nicolaus analyst Selman Akyol reiterated a Hold rating on Cypress Energy (NYSE: CELP) yesterday and set a price target of $8. The company’s shares closed yesterday at $7.26, close to its 52-week high of $14.27.

According to TipRanks.com, Akyol is a 4-star analyst with an average return of 3.1% and a 57.5% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Penntex Midstream Partners.

Cypress Energy has an analyst consensus of Hold, with a price target consensus of $8.

Based on Cypress Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $64.72 million and GAAP net loss of $2.84 million. In comparison, last year the company earned revenue of $72.31 million and had a GAAP net loss of $4.04 million.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CELP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.