Stifel Nicolaus Remains a Hold on Cypress Energy

By Jason Carr

Stifel Nicolaus analyst Selman Akyol reiterated a Hold rating on Cypress Energy (NYSE: CELP) on June 22 and set a price target of $8. The company’s shares closed yesterday at $7.22, close to its 52-week low of $7.01.

According to, Akyol is a 2-star analyst with an average return of 0.0% and a 45.3% 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 $73.47 million and had a GAAP net loss of $26K.

Based on the recent corporate insider activity of 17 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.

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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. It operates through the following segments: Pipeline Inspection Services, Integrity Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers pipeline inspection and other services to energy exploration and production, and mid-stream companies and their vendors throughout the United States and Canada. The Integrity Services segment provides independent integrity services to major natural gas and petroleum pipeline companies, as well as pipeline construction companies located throughout the United States. The Water and Environmental Services segment refers to services offers to oil and natural gas producers and trucking companies through its ownership and operation of eight commercial SWD facilities in the Bakken Shale region of the Williston Basin in North Dakota and two in the Permian Basin in Texas. The company was founded by Charles C. Stephenson Jr. on September 19, 2013 and is headquartered in Tulsa, OK.,00FT0G-E