Robert W. Baird Keeps Their Hold Rating on Cypress Energy

By Carrie Williams

In a report released today, Ethan Bellamy from Robert W. Baird reiterated a Hold rating on Cypress Energy (NYSE: CELP), with a price target of $8. The company’s shares opened today at $7.85.

According to TipRanks.com, Bellamy is a 1-star analyst with an average return of -2.0% and a 52.2% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Vanguard Natural Resources LLC, Energy Transfer Partners LP, and Noble Midstream Partners LP.

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 June 30, the company posted quarterly revenue of $74.57 million and quarterly net profit of $1.46 million. In comparison, last year the company earned revenue of $72.31 million and had a GAAP net loss of $4.04 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.