Shares of CSI Compressco LP (NASDAQ:CCLP) have been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.25.
Several research analysts have recently commented on CCLP shares. Zacks Investment Research raised CSI Compressco from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, July 12th. Janney Montgomery Scott raised CSI Compressco from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $10.00 to $12.00 in a report on Friday, September 23rd.
A number of hedge funds have recently modified their holdings of CCLP. KCG Holdings Inc. purchased a new stake in shares of CSI Compressco during the second quarter valued at about $179,000. Mariner Wealth Advisors LLC increased its stake in shares of CSI Compressco by 23.6% in the second quarter. Mariner Wealth Advisors LLC now owns 68,000 shares of the company’s stock valued at $555,000 after buying an additional 13,000 shares during the last quarter. FMR LLC increased its stake in shares of CSI Compressco by 191.8% in the second quarter. FMR LLC now owns 637,190 shares of the company’s stock valued at $5,199,000 after buying an additional 418,800 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of CSI Compressco during the second quarter valued at $243,000. Finally, WealthTrust Axiom LLC increased its stake in shares of CSI Compressco by 1.5% in the second quarter. WealthTrust Axiom LLC now owns 195,800 shares of the company’s stock valued at $1,597,000 after buying an additional 2,850 shares during the last quarter. 29.01% of the stock is owned by institutional investors and hedge funds.
CSI Compressco (NASDAQ:CCLP) opened at 10.91 on Thursday. The firm’s 50-day moving average is $9.93 and its 200 day moving average is $8.59. CSI Compressco has a 12-month low of $3.74 and a 12-month high of $14.97. The company’s market cap is $362.51 million.
CSI Compressco (NASDAQ:CCLP) last issued its quarterly earnings data on Friday, August 5th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. CSI Compressco had a negative return on equity of 6.41% and a negative net margin of 67.25%. The business had revenue of $76.10 million for the quarter, compared to analysts’ expectations of $81.70 million. On average, equities analysts expect that CSI Compressco will post ($0.48) earnings per share for the current fiscal year.
CSI Compressco Company Profile
CSI Compressco LP, formerly Compressco Partners, L.P., 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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