Cypress Energy Partners LP (CELP) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Aug 15, 2016.
Cypress Energy Partners LP closed down -0.0399 points or -0.40% at $9.87 with 53,092 shares getting traded on Friday. Post opening the session at $9.6, the shares hit an intraday low of $9.3 and an intraday high of $10.075 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 17, 2016, Don Labass (officer ) sold 2,000 shares at $9.67 per share price. According to the SEC, on Mar 14, 2016, Jeff English (officer ) purchased 52 shares at $12.53 per share price. On Dec 18, 2015, Peter C Boylan (director officer ) purchased 3,300 shares at $7.84 per share price, according to the Form-4 filing with the securities and exchange commission.
Cypress Energy Partners L.P. is a limited partnership company which serves energy companies throughout North America. The Company provides pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies. The Company operates its business in two segments: Water and Environmental Services (W&ES) and Pipeline Inspection and Integrity Services (PI&IS). The Company through its W&ES segment provides SWD services to oil and natural gas producers and trucking companies and consists of the operations of Cypress Energy Partners LLC (CEP LLC). It is engaged in treating produced water and flowback water and injecting the water into its SWD facilities. Through PI&IS segment it provides inspection and integrity services to various energy public utility and pipeline companies in both the United States and Canada.