StockNews.com initiated coverage on shares of CSI Compressco (NASDAQ:CCLP – Free Report) in a research note issued to investors on Sunday. The brokerage issued a buy rating on the oil and gas company’s stock.
CSI Compressco Stock Performance
CCLP stock opened at $2.42 on Friday. CSI Compressco has a 52 week low of $1.04 and a 52 week high of $2.44. The firm’s fifty day moving average is $2.19 and its 200 day moving average is $1.80. The firm has a market cap of $344.85 million, a P/E ratio of -34.57 and a beta of 0.75.
CSI Compressco (NASDAQ:CCLP – Get Free Report) last released its earnings results on Friday, March 1st. The oil and gas company reported ($0.02) EPS for the quarter. The company had revenue of $98.27 million for the quarter.
CSI Compressco Dividend Announcement
Institutional Investors Weigh In On CSI Compressco
A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in CSI Compressco in the 4th quarter worth $262,000. PenderFund Capital Management Ltd. bought a new stake in shares of CSI Compressco during the 4th quarter valued at about $135,000. Crystalline Management Inc. bought a new stake in shares of CSI Compressco during the 4th quarter valued at about $29,000. King Luther Capital Management Corp bought a new stake in shares of CSI Compressco during the 4th quarter valued at about $204,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of CSI Compressco during the 3rd quarter valued at about $49,000. Institutional investors own 68.85% of the company’s stock.
CSI Compressco Company Profile
CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.
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