Shares of CSI Compressco LP (NASDAQ:CCLP) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $4.88.
Several brokerages have weighed in on CCLP. Zacks Investment Research cut shares of CSI Compressco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 14th. Raymond James cut shares of CSI Compressco from an “outperform” rating to a “market perform” rating in a research report on Thursday, December 13th.
In related news, President Owen Serjeant bought 22,700 shares of the company’s stock in a transaction dated Thursday, December 27th. The stock was purchased at an average cost of $2.14 per share, with a total value of $48,578.00. Following the transaction, the president now owns 165,168 shares in the company, valued at approximately $353,459.52. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.36% of the company’s stock.
Shares of NASDAQ:CCLP traded down $0.04 during trading on Friday, reaching $2.95. The company had a trading volume of 1,868 shares, compared to its average volume of 330,024. The firm has a market capitalization of $133.64 million, a price-to-earnings ratio of -2.52 and a beta of 2.01. CSI Compressco has a 12 month low of $2.10 and a 12 month high of $8.05. The company has a debt-to-equity ratio of 9.11, a current ratio of 1.79 and a quick ratio of 1.03.
CSI Compressco (NASDAQ:CCLP) last released its earnings results on Wednesday, November 7th. The oil and gas company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.04). CSI Compressco had a negative net margin of 11.45% and a negative return on equity of 54.97%. The business had revenue of $115.26 million for the quarter, compared to the consensus estimate of $108.80 million. As a group, equities research analysts expect that CSI Compressco will post -0.86 EPS for the current year.
CSI Compressco Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, oilfield fluid pump systems, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services.
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