CSI Compressco LP (NASDAQ:CCLP) has received an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $7.50.

CCLP has been the subject of a number of recent research reports. Stifel Nicolaus cut their target price on shares of CSI Compressco from $9.00 to $6.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Zacks Investment Research downgraded CSI Compressco from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. Capital One Financial Corporation reiterated an “equal weight” rating on shares of CSI Compressco in a research report on Tuesday, August 8th. Royal Bank Of Canada reiterated a “hold” rating and set a $8.00 target price on shares of CSI Compressco in a research report on Monday, August 21st. Finally, Bank of America Corporation decreased their target price on CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, August 23rd.

A number of hedge funds and other institutional investors have recently made changes to their positions in CCLP. OppenheimerFunds Inc. increased its position in shares of CSI Compressco by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 3,050,772 shares of the oil and gas company’s stock valued at $29,898,000 after buying an additional 54,809 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 last quarter. Parkwood LLC boosted its stake in shares of CSI Compressco by 69.8% in the second quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 45,900 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of CSI Compressco during the first quarter valued at approximately $136,000. Finally, Robotti Robert boosted its stake 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 last quarter. 28.69% of the stock is owned by institutional investors.

Shares of CSI Compressco (NASDAQ:CCLP) traded down 2.77% on Wednesday, reaching $4.56. 36,579 shares of the company were exchanged. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $13.54.

CSI Compressco (NASDAQ:CCLP) last released its earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.04. CSI Compressco had a negative net margin of 17.01% and a negative return on equity of 36.43%. The company had revenue of $75.32 million during the quarter, compared to analyst estimates of $66.64 million. Equities research analysts expect that CSI Compressco will post ($1.10) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 1st were issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 15.99%. The ex-dividend date was Friday, July 28th. CSI Compressco’s payout ratio is presently -50.00%.

WARNING: This article was first posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this article can be accessed at https://www.watchlistnews.com/csi-compressco-lp-cclp-given-consensus-recommendation-of-hold-by-brokerages/1528285.html.

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.

Analyst Recommendations for CSI Compressco (NASDAQ:CCLP)

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 Analyst Ratings Network's FREE daily email newsletter.