CSI Compressco LP (NASDAQ:CCLP)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $5.00 target price on the oil and gas company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 5.93% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Capital One Financial Corporation reissued an “equal weight” rating on shares of CSI Compressco in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “hold” rating and issued a $8.00 price target on shares of CSI Compressco in a research note on Monday, August 21st. Zacks Investment Research raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Bank of America Corporation lowered their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.00.

CSI Compressco (NASDAQ:CCLP) traded up $0.01 during trading on Friday, hitting $4.72. 107,842 shares of the stock traded hands, compared to its average volume of 122,940. CSI Compressco has a twelve month low of $4.12 and a twelve month high of $13.54. The company has a debt-to-equity ratio of 4.32, a current ratio of 1.86 and a quick ratio of 1.08.

CSI Compressco (NASDAQ:CCLP) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas company reported ($0.21) earnings per share for the quarter, beating the 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 business had revenue of $75.32 million during the quarter, compared to analysts’ expectations of $66.64 million. equities analysts forecast that CSI Compressco will post -1.1 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CCLP. Citadel Advisors LLC purchased a new position in CSI Compressco in the 1st quarter valued at approximately $136,000. Renaissance Technologies LLC boosted its position in 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. Parkwood LLC boosted its position in CSI Compressco by 69.8% in the 2nd quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 45,900 shares during the period. WealthTrust Axiom LLC boosted its position in 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. Finally, Airain ltd purchased a new position in CSI Compressco in the 2nd quarter valued at approximately $796,000. 28.63% of the stock is owned by institutional investors.

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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