Robert W. Baird Reiterates a Neutral Rating on Cypress Energy

By George MacDonald

In a report issued on April 1, Ethan Bellamy from Robert W. Baird reiterated a Neutral rating on Cypress Energy (NYSE: CELP), with a price target of $8. The company’s shares opened today at $7.70.

Bellamy said, “Valuation; Reiterate Neutral rating. We raise our target price from $6 to $8, primarily on lowered discount rates (15% from 27%) and better valuation comparables since our last update.”

Cypress Energy has an analyst consensus of Moderate Buy.

Cypress Energy`s market cap is currently $92.42M and has a P/E ratio of 22.3. The company has a book value ratio of 3.01%.

Financial bloggers on sites such as zacks.com, SeekingAlpha and others, seem to have a Positive view on CELP. When evaluating the opinions of financial bloggers over the last 3 months, 66% of bloggers have indicated a Bullish sentiment, while 34% have indicated a Bearish sentiment. The average blogger Bullish sentiment in the Materials sector is 69% which is slightly more positive than the blogger sentiment of CELP.

Unlike Robert W. Baird`s latest rating, based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2015, Cc Stephenson, a a Director at CELP bought 2,500 shares for a total of $19,100.

According to TipRanks.com, Bellamy is a 4-star analyst with an average return of 4.2% and a 62.1% success rate. Bellamy covers the Basic Materials sector, focusing on stocks such as Atlas Resource Partners L.P. C, Targa Resources Partners Lp, and Mid-Con Energy Partners Lp.

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.