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.
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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.
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