Cypress Energy Partners LP (CELP) Insider Jeffrey A. Herbers Acquires 3,000 Shares

Cypress Energy Partners LP (NYSE:CELP) insider Jeffrey A. Herbers purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average cost of $7.30 per share, for a total transaction of $21,900.00. Following the completion of the acquisition, the insider now directly owns 3,000 shares of the company’s stock, valued at $21,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CELP traded down $0.05 during trading on Friday, hitting $7.30. The company had a trading volume of 39,330 shares, compared to its average volume of 14,721. The stock has a market capitalization of $87.99 million, a PE ratio of 10.74 and a beta of 1.77. The company has a debt-to-equity ratio of 10.97, a current ratio of 2.63 and a quick ratio of 2.98. Cypress Energy Partners LP has a 1-year low of $5.36 and a 1-year high of $8.50.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.84 annualized dividend and a yield of 11.51%. Cypress Energy Partners’s dividend payout ratio is presently 116.67%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in Cypress Energy Partners by 37.3% in the first quarter. Morgan Stanley now owns 6,384 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 1,736 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in Cypress Energy Partners by 937.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,300 shares of the oil and gas company’s stock valued at $61,000 after acquiring an additional 7,500 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Cypress Energy Partners in the first quarter valued at $79,000. 1.10% of the stock is currently owned by hedge funds and other institutional investors.

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

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About Cypress Energy Partners

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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