CSI Compressco LP (NASDAQ:CCLP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “CSI Compressco LP offers compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. Its equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages and engine-driven oilfield fluid pump systems designed. The company offers well monitoring and automated sand separation services as well as compressor package reconfiguration and maintenance services. CSI Compressco LP, formerly known as Compressco Partners, L.P., is headquartered in Oklahoma City. “

Several other equities research analysts have also issued reports on CCLP. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Bank of America Corporation lowered their price objective on CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $8.00 price objective on shares of CSI Compressco in a research note on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on CSI Compressco and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, ValuEngine raised CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.00.

Shares of CSI Compressco (NASDAQ:CCLP) traded down 4.26% during trading on Monday, reaching $5.17. The company’s stock had a trading volume of 95,816 shares. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $13.54. The stock’s market cap is $183.51 million. The company has a 50 day moving average of $5.07 and a 200-day moving average of $5.70.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings data on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.04. The business had revenue of $75.32 million during the quarter, compared to analyst estimates of $66.64 million. CSI Compressco had a negative return on equity of 36.43% and a negative net margin of 17.01%. Analysts forecast that CSI Compressco will post ($1.10) EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its holdings 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 period. Parkwood LLC raised its holdings 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 period. Citadel Advisors LLC purchased a new stake in shares of CSI Compressco in the first quarter worth approximately $136,000. WealthTrust Axiom LLC raised its holdings in shares of CSI Compressco by 13.8% in 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 raised its holdings in shares of CSI Compressco by 22.0% in 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. Hedge funds and other institutional investors own 28.67% of the company’s stock.

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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