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. “
Separately, ValuEngine upgraded shares of CSI Compressco from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. CSI Compressco has an average rating of “Hold” and an average price target of $3.50.
CCLP stock opened at $3.25 on Wednesday. The company has a market capitalization of $152.98 million, a PE ratio of -3.78 and a beta of 1.96. CSI Compressco has a one year low of $2.10 and a one year high of $6.29. The company’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.16. The company has a debt-to-equity ratio of 11.06, a quick ratio of 0.65 and a current ratio of 1.24.
CSI Compressco (NASDAQ:CCLP) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. CSI Compressco had a negative net margin of 5.49% and a negative return on equity of 37.78%. The firm had revenue of $135.86 million for the quarter, compared to analysts’ expectations of $134.36 million. On average, research analysts predict that CSI Compressco will post -0.32 EPS for the current year.
Several institutional investors have recently modified their holdings of CCLP. Marshall Wace LLP bought a new position in shares of CSI Compressco in the first quarter worth approximately $76,000. Geode Capital Management LLC grew its holdings in shares of CSI Compressco by 42.7% in the fourth quarter. Geode Capital Management LLC now owns 39,094 shares of the oil and gas company’s stock worth $90,000 after purchasing an additional 11,701 shares during the last quarter. Lapides Asset Management LLC grew its holdings in shares of CSI Compressco by 15.7% in the second quarter. Lapides Asset Management LLC now owns 41,900 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 5,700 shares during the last quarter. Hilltop Holdings Inc. grew its holdings in shares of CSI Compressco by 89.7% in the second quarter. Hilltop Holdings Inc. now owns 208,050 shares of the oil and gas company’s stock worth $736,000 after purchasing an additional 98,350 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC grew its holdings in shares of CSI Compressco by 15.9% in the second quarter. Wiley BROS. Aintree Capital LLC now owns 337,319 shares of the oil and gas company’s stock worth $1,194,000 after purchasing an additional 46,175 shares during the last quarter. Hedge funds and other institutional investors own 29.18% of the company’s stock.
CSI Compressco Company Profile
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and compressor package parts and components, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration.
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