Cypress Energy Partners (NYSE:CELP) Stock Price Passes Above 200 Day Moving Average of $0.00

Shares of Cypress Energy Partners LP (NYSE:CELP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.26. Cypress Energy Partners shares last traded at $7.17, with a volume of 3,590 shares traded.

Separately, ValuEngine downgraded shares of Cypress Energy Partners from a “hold” rating to a “sell” rating in a research report on Friday, April 5th.

The company has a market capitalization of $87.77 million, a P/E ratio of 10.12 and a beta of 1.60. The company has a current ratio of 2.63, a quick ratio of 2.63 and a debt-to-equity ratio of 10.97. The firm has a 50-day moving average of $7.33.

Cypress Energy Partners (NYSE:CELP) last released its earnings results on Monday, May 13th. The oil and gas company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Cypress Energy Partners had a return on equity of 129.42% and a net margin of 3.61%. The firm had revenue of $90.38 million during the quarter.

In other Cypress Energy Partners news, insider John T. Mcnabb II bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were purchased at an average cost of $7.28 per share, for a total transaction of $36,400.00. Following the purchase, the insider now directly owns 65,262 shares in the company, valued at $475,107.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 13,000 shares of company stock worth $95,500.

About Cypress Energy Partners (NYSE:CELP)

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and water and environmental services in North America. The company operates in three segments: Pipeline Inspection Services, Pipeline & Process Services, and Water and Environmental Services. The Pipeline Inspection Services segment offers independent inspection services for various facilities and equipment, such as transmission pipelines; oil and natural gas gathering systems; pump, compressor, measurement, and regulation stations; storage facilities and terminals; and gas distribution systems.

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