CSI Compressco LP (NASDAQ:CCLP) has earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.33.
A number of equities research analysts recently weighed in on the stock. Capital One Financial reaffirmed an “equal weight” rating on shares of CSI Compressco in a report on Tuesday, August 8th. Bank of America lowered their price target on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $8.00 price target on shares of CSI Compressco in a report on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a report on Monday, October 2nd.
CSI Compressco (NASDAQ CCLP) traded down $0.05 on Friday, reaching $5.10. 83,360 shares of the company were exchanged, compared to its average volume of 132,656. CSI Compressco has a 1-year low of $4.12 and a 1-year high of $13.54. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its holdings in shares of CSI Compressco by 99.3% in the 1st quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after buying an additional 38,319 shares during the period. FMR LLC boosted its holdings in shares of 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 buying an additional 647,176 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of CSI Compressco by 13.8% in the 2nd quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock valued at $1,142,000 after buying an additional 28,516 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of 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 buying an additional 10,232 shares during the period. Finally, Virtu KCG Holdings LLC bought a new stake in CSI Compressco in the 2nd quarter valued at about $146,000. 27.92% of the stock is owned by institutional investors and hedge funds.
About CSI Compressco
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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