CSI Compressco LP (CCLP) Given Average Recommendation of “Hold” by Brokerages

CSI Compressco LP (NASDAQ:CCLP) has earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.33.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $6.00 target price (up previously from $5.00) on shares of CSI Compressco in a research report on Thursday, November 9th. Stifel Nicolaus reissued a “hold” rating and set a $5.00 target price on shares of CSI Compressco in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of CSI Compressco from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its position in CSI Compressco by 91.7% during the 2nd quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock worth $6,563,000 after acquiring an additional 647,176 shares during the last quarter. Airain ltd acquired a new position in CSI Compressco during the 2nd quarter worth $796,000. Raymond James Financial Services Advisors Inc. lifted its position in CSI Compressco by 9.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 122,770 shares of the oil and gas company’s stock worth $640,000 after acquiring an additional 10,232 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of CSI Compressco by 99.3% during the 1st quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock worth $754,000 after purchasing an additional 38,319 shares during the period. Finally, Aegis Financial Corp increased its holdings in shares of CSI Compressco by 22.0% during the 2nd quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock worth $296,000 after purchasing an additional 11,000 shares during the period. 27.38% of the stock is owned by hedge funds and other institutional investors.

CSI Compressco (CCLP) traded up $0.16 during mid-day trading on Tuesday, hitting $5.17. 110,460 shares of the company traded hands, compared to its average volume of 132,964. The company has a debt-to-equity ratio of 4.92, a quick ratio of 0.98 and a current ratio of 1.75. CSI Compressco has a 1-year low of $4.12 and a 1-year high of $13.54. The firm has a market cap of $181.41, a price-to-earnings ratio of -4.14 and a beta of 2.05.

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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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