CSI Compressco LP (CCLP) Receives Average Rating of “Hold” from Brokerages
CSI Compressco LP (NASDAQ:CCLP) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.00.
Several equities research analysts have issued reports on CCLP shares. Zacks Investment Research raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a research report on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $8.00 target price on shares of CSI Compressco in a research report on Monday, August 21st. Bank of America Corporation decreased their target price on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus set a $5.00 target price on shares of CSI Compressco and gave the stock a “hold” rating in a research report on Friday, August 25th.
Several institutional investors and hedge funds have recently bought and sold shares of CCLP. FMR LLC raised its stake in shares of CSI Compressco by 91.7% during the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after purchasing an additional 647,176 shares during the period. Airain ltd bought a new stake in shares of CSI Compressco in the second quarter worth $796,000. Parkwood LLC increased 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 worth $541,000 after buying an additional 45,900 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of CSI Compressco by 99.3% in the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock worth $754,000 after buying an additional 38,319 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new stake in shares of CSI Compressco in the second quarter worth $146,000. Institutional investors own 28.67% of the company’s stock.
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CSI Compressco (NASDAQ CCLP) traded down 2.55% during trading on Thursday, reaching $5.34. 53,917 shares of the company’s stock traded hands. CSI Compressco has a 1-year low of $4.12 and a 1-year high of $13.54.
CSI Compressco (NASDAQ:CCLP) last released its quarterly 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 for the quarter, compared to analysts’ expectations of $66.64 million. Equities research analysts expect that CSI Compressco will post ($1.10) EPS for the current year.
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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