Cypress Energy was Downgraded to a Hold Rating at Janney Montgomery

By Carrie Williams

Janney Montgomery analyst Michael Gyure downgraded Cypress Energy (NYSE: CELP) to Hold today. The company’s shares closed yesterday at $11.20, close to its 52-week high of $12.36.

According to TipRanks.com, Gyure is a 2-star analyst with an average return of 0.7% and a 57.1% success rate. Gyure covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Compressco Partners L.P., and Arc Logistics Partners.

Cypress Energy has an analyst consensus of Moderate Buy.

Based on Cypress Energy’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $81.81 million and quarterly net profit of $3.35 million. In comparison, last year the company earned revenue of $96.41 million and had a GAAP net loss of $1.81 million.

Based on the recent corporate insider activity of 15 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.

Cypress Energy Partners LP provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies. The company also provides independent pipeline inspection and integrity services to producers and pipeline companies. It operates its business through two segments: Water and Environmental Services and Pipeline Inspection and Integrity Services. The Water and Environmental Services segment is specialized in water and environmental services and provides flowback water management and produced water management services to oil and natural gas exploration and production companies and trucking companies operating in the regions. The Pipeline Inspection and Integrity Services segment provides independent pipeline inspection and integrity services to various energy, public utility and pipeline companies. Cypress Energy Partners was founded on September 19, 2013 and is headquartered in Tulsa, OK.