Capital One Financial Corporation Reiterates Equal Weight Rating for CSI Compressco LP (NASDAQ:CCLP)

CSI Compressco LP (NASDAQ:CCLP)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Capital One Financial Corporation in a report released on Tuesday.

CCLP has been the subject of several other research reports. Zacks Investment Research upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada dropped their price objective on shares of CSI Compressco from $12.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, April 24th. Finally, Stifel Nicolaus dropped their price objective on shares of CSI Compressco from $9.00 to $6.00 and set a “hold” rating on the stock in a research note on Wednesday, May 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

CSI Compressco (NASDAQ CCLP) opened at 4.60 on Tuesday. CSI Compressco has a 12 month low of $4.12 and a 12 month high of $13.54. The firm’s market capitalization is $158.67 million. The company’s 50 day moving average price is $4.79 and its 200 day moving average price is $7.92.

CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. The business had revenue of $75.32 million during the quarter, compared to the consensus estimate of $66.64 million. CSI Compressco had a negative net margin of 16.39% and a negative return on equity of 30.77%. Analysts anticipate that CSI Compressco will post ($1.08) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Capital One Financial Corporation Reiterates Equal Weight Rating for CSI Compressco LP (NASDAQ:CCLP)” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://sportsperspectives.com/2017/08/10/capital-one-financial-corporation-reiterates-equal-weight-rating-for-csi-compressco-lp-nasdaqcclp.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of CSI Compressco during the first quarter valued at approximately $136,000. Raymond James Trust N.A. raised its position in shares of CSI Compressco by 4.5% in the first quarter. Raymond James Trust N.A. now owns 27,800 shares of the oil and gas company’s stock valued at $273,000 after buying an additional 1,200 shares during the period. Robotti Robert raised its position in shares of CSI Compressco by 38.6% in the first quarter. Robotti Robert now owns 32,320 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 9,000 shares during the period. Texas Yale Capital Corp. raised its position in shares of CSI Compressco by 75.0% in the first quarter. Texas Yale Capital Corp. now owns 35,000 shares of the oil and gas company’s stock valued at $343,000 after buying an additional 15,000 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of CSI Compressco by 77.0% in the fourth quarter. Renaissance Technologies LLC now owns 38,593 shares of the oil and gas company’s stock valued at $376,000 after buying an additional 16,793 shares during the period. Institutional investors own 28.79% of the company’s stock.

CSI Compressco Company Profile

CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.

Receive News & Ratings for CSI Compressco LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSI Compressco LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply