Shares of CSI Compressco LP (NASDAQ:CCLP) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.00.

CCLP has been the subject of a number of research reports. Capital One Financial Corporation restated an “equal weight” rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Zacks Investment Research upgraded CSI Compressco from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus set a $5.00 target price on CSI Compressco and gave the company a “hold” rating in a research note on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and issued a $8.00 target price on shares of CSI Compressco in a research note on Monday, August 21st. Finally, ValuEngine upgraded CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd.

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of CSI Compressco by 99.3% during 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 period. Parkwood LLC boosted its position in shares of CSI Compressco by 69.8% during 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 period. Citadel Advisors LLC acquired a new position in shares of CSI Compressco during the first quarter worth approximately $136,000. WealthTrust Axiom LLC boosted its position in shares of CSI Compressco by 13.8% during the second quarter. WealthTrust Axiom LLC now owns 235,575 shares of the oil and gas company’s stock worth $1,142,000 after buying an additional 28,516 shares during the period. Finally, Aegis Financial Corp boosted its position in shares of CSI Compressco by 22.0% during the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after buying an additional 11,000 shares during the period. Institutional investors and hedge funds own 28.67% of the company’s stock.

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CSI Compressco (CCLP) traded up 1.24% during mid-day trading on Thursday, reaching $5.72. The company’s stock had a trading volume of 135,263 shares. CSI Compressco has a 52 week low of $4.12 and a 52 week high of $13.54. The firm has a 50-day moving average of $4.92 and a 200-day moving average of $5.88. The stock’s market capitalization is $203.03 million.

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

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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