CSI Compressco LP (CCLP) Receives Average Recommendation of “Hold” from Analysts

CSI Compressco LP (NASDAQ:CCLP) has been assigned an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.33.

Several brokerages recently weighed in on CCLP. ValuEngine upgraded CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded CSI Compressco from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price target (up from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $5.00 price target on shares of CSI Compressco in a research report on Friday, November 3rd.

CSI Compressco (NASDAQ CCLP) traded down $0.03 during trading on Friday, hitting $6.80. The company had a trading volume of 89,844 shares, compared to its average volume of 147,580. The company has a debt-to-equity ratio of 4.92, a current ratio of 1.75 and a quick ratio of 0.98. CSI Compressco has a 12-month low of $4.12 and a 12-month high of $13.54. The firm has a market capitalization of $247.31, a P/E ratio of -5.44 and a beta of 2.05.

CSI Compressco (NASDAQ:CCLP) last released its earnings results on Wednesday, November 8th. The oil and gas company reported ($0.26) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.26). CSI Compressco had a negative return on equity of 35.88% and a negative net margin of 14.20%. analysts expect that CSI Compressco will post -1.06 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Virtu KCG Holdings LLC purchased a new position in CSI Compressco during the second quarter valued at approximately $146,000. Aegis Financial Corp raised its position in 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 valued at $296,000 after acquiring an additional 11,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in CSI Compressco by 9.1% during the third 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 acquiring an additional 10,232 shares in the last quarter. Finally, FMR LLC increased its position in shares of CSI Compressco by 91.7% in the second 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 in the last quarter. Institutional investors own 27.38% of the company’s stock.

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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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