Zacks Investment Research lowered shares of CSI Compressco (NASDAQ:CCLP) from a hold rating to a sell rating in a report released on Tuesday.

According to Zacks, “CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed. The company offers well monitoring and automated sand separation services as well as compressor package reconfiguration and maintenance services. CSI Compressco LP, formerly known as Compressco Partners, L.P., is headquartered in Oklahoma City. “

Several other equities research analysts also recently commented on CCLP. ValuEngine raised CSI Compressco from a strong sell rating to a sell rating in a report on Monday, October 2nd. Stifel Nicolaus reissued a hold rating and issued a $5.00 price objective on shares of CSI Compressco in a report on Friday, November 3rd. Finally, Royal Bank of Canada restated a sector perform rating and issued a $6.00 price target (up previously from $5.00) on shares of CSI Compressco in a research note on Thursday, November 9th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $5.33.

Shares of CSI Compressco (CCLP) opened at $5.96 on Tuesday. The company has a market capitalization of $218.70, a P/E ratio of -4.77 and a beta of 2.05. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92. CSI Compressco has a twelve month low of $4.12 and a twelve month high of $13.54.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in CSI Compressco by 91.7% in the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after acquiring an additional 647,176 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in CSI Compressco by 9.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock valued at $640,000 after acquiring an additional 10,232 shares during the period. Virtu KCG Holdings LLC bought a new stake in CSI Compressco in the 2nd quarter valued at $146,000. Finally, Aegis Financial Corp raised its stake in CSI Compressco by 22.0% in the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after acquiring an additional 11,000 shares during the period. Institutional investors and hedge funds own 27.38% of the company’s stock.

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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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